Malaysia is supported by abundant natural resources, in particular offshore oil and gas, and foreign investment-friendly policies have nurtured a globally competitive electrical and electronics industry, while a strong banking system has financed rapid growth in consumer sectors and construction. The country has much reason for optimism through its successful transition to the top-tier in the...
Malaysia
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Chapter | Trade & Investment from The Report: Malaysia 2014
Already one of the most trade-oriented economies in the world and an established regional leader in attracting foreign investment, Malaysia now aims to compete with Singapore as an alternative regional trade and investment hub for rapidly developing ASEAN. Although it boasts a liberal investment environment, foreign investment is restricted in certain sectors, especially retail, banking,...
Chapter | Country Profile from The Report: Malaysia 2014
Malaysia consists of 13 states across a total land area of 330,000 sq km; its capital, Kuala Lumpur, is located approximately 300 km from Singapore. According to the Department of Statistics, Malaysia’s population reached 29.95m in 2013, with an average growth rate of 1.45% between 2012 and 2013. “Malaysia Truly Asia,” the country’s tourism slogan reflects who Malaysians are: an amalgamation...
Malaysia’s natural resources and its well-educated population are some of the many credentials that keep the country in good stead, with priorities centred on preparing for the ASEAN Economic Community in 2015 and steering the policy framework toward more inclusive political representation. The economy is built around global trade, and the government is working to encourage greater private investment.
Having learned the lessons of the 1997-98 financial crisis, Asia has since enjoyed a period of steady growth driven by consumption, investment and exports. The traditional model of low-cost manufacturing and exports to advanced markets has gradually been replaced with a more consumer-oriented and value-added approach.
Historically fragmented and often overlooked by emerging market investors, South-east Asia has become one of the leading destinations for FDI in recent years. The creation of ASEAN, South-east Asia’s unified economic and trade bloc, has encouraged regional cooperation and better connectivity.