Malaysia

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Chapter | Country Profile from The Report: Malaysia 2016

Having undergone rapid development over the last half-century, Malaysia’s economy has progressed from relying on agricultural and primary commodities to being more broad-based and export-driven. Benefitting from long-term political stability, sound economic management and pragmatic leadership, the country possesses sound infrastructure, established health care and education systems, and an...

The Malaysian aerospace industry is set for substantial growth due to a thriving regional aviation sector and government initiatives focused on increasing specialisation.

Malaysian retailers are looking to overcome the effects of a weaker ringgit and the introduction of a goods and services tax (GST) last year in the hopes of stronger sales in 2016.

New infrastructure investment will help bolster Sabah’s efforts to position itself as a logistics and trans-shipment hub for the Brunei Darussalam-Indonesia-Malaysia-Philippines East ASEAN Growth Area and beyond – as well as support further developments in industry, trade and tourism. 

Rising demand for private health care will continue to drive expansion in Malaysia’s medical tourism industry this year, although increasing competition and global economic challenges risk inhibiting growth.

The Malaysian economy continued to expand throughout 2015, shaking off falling commodity prices, weaker growth in China and a sharp depreciation of the local currency. 

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