Malaysia

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Though Malaysia's economy has contracted at a faster rate than previously predicted in the opening months of the year, as the effects of the global recession take their toll, there are signs the worst could be over.
Malaysia's IT industry could be facing a shake up period as it comes to terms with new reforms that will increase competition in the sector at a time when the country's economy is slowing amid the global financial crisis.
Malaysia is looking to boost its role as a regional education centre, seeking to attract more foreign university students to its expanding network of tertiary facilities while also increasing the number of overseas universities with campuses based in the country.
Malaysia's real estate industry could be a major beneficiary of the recent reforms to the services and financial sectors announced recently by the government, which are expected to attract higher levels of overseas investment and increase the options for developers looking for project financing.
Malaysia's banking sector is about to undergo one of the biggest shake ups in its history, with the government unveiling plans to allow greater overseas participation in the financial services industry by raising foreign ownership ceilings in some types of banks and granting new licences to international lenders.
Malaysia's tourism industry could be in for a soft landing in 2009 in the face of the international economic downturn, though the sector may be hard pushed to equal the record levels of arrivals and revenue of 2008.

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