On September 28 2012 Najib Abdul Razak, the prime minister and minister of finance, released the 2013 budget, titled “Prospering the Nation, Enhancing Well-Being of the Rakyat: A Promise Fulfilled”. The 2013 budget aims to reduce the nation’s fiscal deficit from 4.5% of GDP in 2012 to 4% in 2013. With the projection of a positive economic outlook,...
The north-west of Malaysia is home to the states of Penang, Perlis and Kedah, which, along with Northern Perak, together make up the territory covered by the Northern Corridor Economic Region (NCER). With an established manufacturing sector, internationally famous tourist spots and wide swathes of agricultural land, the NCER has many...
Rubber production in Malaysia is set to double by 2020, provided the government’s ambitious development plans for the industry come to fruition. In 2011 the country produced nearly 1m tonnes of rubber, according to statistics from the Malaysian Rubber Board (MRB). Under the Economic Transformation Programme (ETP), production is expected to reach 2m...
Touting the country’s 12m-strong workforce as a highly skilled labour pool able to provide a competitive advantage for businesses setting up in Malaysia, the government upped the ante in 2012 by enacting a minimum wage. Announced by the prime minister, Najib Razak, in May, the law sets the minimum salary at RM900 ($290) per month for workers in...
THE LEGAL SYSTEM: Malaysia’s legal system is largely based on the English common law system with some areas of the law having been codified, and with many laws being similar to those found within the Commonwealth. Malaysia has a total of 13 states and three Federal Territories and its land mass is divided...
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