OVERVIEW OF THE ECONOMIC TRANSFORMATION PROGRAMME: The Economic Transformation Programme (ETP) was introduced in late 2010 by the Malaysian Government to transform Malaysia into a high-income economy by 2020. It is aimed at lifting Malaysia’s gross national income per capita from $6700 in 2009 to more than $15,000 in 2020. The ETP primarily...
A local labour shortage has had serious impacts on the agriculture sector. Just under 12% of the country’s total population is employed in the agricultural industry in some capacity, according to statistics from the Malaysia Investment Development Authority, with a great majority of these employees working as labourers in the palm oil, rubber,...
How are new trade agreements expected to affect expansionary possibilities for Malaysia?
Away from the hustle and the bustle of Kuala Lumpur lies Fraser’s Hill, one of the most prominent locations of the Peninsula’s highlands. The area’s unique characteristics are a departure from the more commercialised Genting Highlands and a closer option than the considerably farther Cameron Highlands. It is the retreat of choice for those who...
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...
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