The latest development plan in Malaysia has placed human capital at its core, setting ambitious objectives to improve professional training and education as the country works towards a broader vision to join the ranks of developed economies by 2020.
Malaysia
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A summit of the ASEAN group of countries in April, hosted in Malaysia, brought the bloc one step closer to realising plans to launch the ASEAN Economic Community (AEC) by the start of 2016.
Concerns about rising household debt and the introduction of a goods and services tax (GST), which came into effect on April 1, are likely to contribute to a cooling in the residential segment of Malaysia’s property market.
State-owned energy firm Petronas has returned to Malaysia’s capital markets for the first time since 2009 with what is expected to be the first of several issues aimed at boosting its fiscal reserves.
Rising domestic demand should drive growth in Malaysia’s insurance sector this year, despite economic headwinds, but the highly competitive market could see a further round of mergers as larger operators consolidate their position.
Economic update | Malaysia gearing up for auto growth
26 Jan 2015
Automotive sales are set to accelerate in Malaysia this year with increased investment in production and greater emphasis on fuel-efficient vehicles, though a number of adverse factors such as a new goods and services tax (GST) as well as the strengthening US dollar may weigh on demand.