As part of a broad national strategy to promote itself as a prime tourism destination, Malaysia has ramped up efforts to court Chinese visitors with a series of initiatives.
Malaysia
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While a slowing of economic growth and uncertainty over global market conditions are expected to cool Malaysia’s insurance industry this year, regulatory reforms could drive expansion in the medium term.
While the first six months of 2016 have brought mixed results, Malaysia’s economy is expected to give an improved performance in the second half of the year, especially as remedial measures introduced by the government gain momentum.
A cooling domestic economy and uncertainty over the pace of global recovery could slow the rebound of Malaysia’s automotive sector, which has seen sales decline year-to-date.
The Malaysian aerospace industry is set for substantial growth due to a thriving regional aviation sector and government initiatives focused on increasing specialisation.
Malaysian retailers are looking to overcome the effects of a weaker ringgit and the introduction of a goods and services tax (GST) last year in the hopes of stronger sales in 2016.