Malaysia

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Rubber production in Malaysia is set to double by 2020, provided the government’s ambitious development plans for the industry come to fruition. In 2011 the country produced nearly 1m tonnes of rubber, according to statistics from the Malaysian Rubber Board (MRB). Under the Economic Transformation Programme (ETP), production is expected to reach 2m...

Touting the country’s 12m-strong workforce as a highly skilled labour pool able to provide a competitive advantage for businesses setting up in Malaysia, the government upped the ante in 2012 by enacting a minimum wage. Announced by the prime minister, Najib Razak, in May, the law sets the minimum salary at RM900 ($290) per month for workers in...

THE LEGAL SYSTEM: Malaysia’s legal system is largely based on the English common law system with some areas of the law having been codified, and with many laws being similar to those found within the Commonwealth. Malaysia has a total of 13 states and three Federal Territories and its land mass is divided...

The Inland Revenue Board (IRB) collected a record RM109.7bn ($35.4bn) in direct taxes in 2011. Under its Corporate Plan 2012-15, launched in July 2012, the IRB is targeting an annual tax revenue growth of 15%. The IRB is working towards identifying newer opportunities in expanding the tax base and areas of tax revenue which were not fully explored...

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