International trade is a vital contributor to Malaysia’s economic growth and development. In an effort to enhance the nation’s international trade, the government of Malaysia has decided to enter into the TPPA. The TPPA was signed in Auckland, New Zealand on February 4, 2016 by 12 Pacific Rim countries, namely Australia, Brunei Darussalam,...
As the world’s second-largest palm oil producer after Indonesia, and a leading producer of natural rubber, Malaysia today also boasts increasingly sophisticated fruit and vegetable, rice, livestock and fisheries sectors. These building blocks are set to undergo some important changes in the years ahead, as the country seeks to implement the...
A global leader in palm oil, Malaysia produces a wide variety of products in addition to basic vegetable oil, ranging from pharmaceuticals to biofuels, biomass, cosmetics and soaps. Research and development (R&D) in the sector continues to turn out uses for the products of this versatile tree. However, in recent times a glut has led to...
Malaysia has long traded on its alluring mix of nature, tropical beaches, vibrant culture and modern cities to bring in tourists from the region and further afield; the multicultural country’s attractions summed up in its long-running “Malaysia, Truly Asia” advertising campaign. But as Malaysia’s neighbours refine their offerings, the country...
These days more and more people are looking for an escape – from the demands of their everyday life and the pressures of work – and have the means to pay for a holiday that is not only about “getting away from it all”, but also restoring health and wellbeing. The global wellness tourism industry, which includes spas and more health-orientated...
Domestic tourism has become an important component of Malaysia’s tourism industry over the past decade, as local incomes have increased, helping cushion the impact of any slowdown in international tourism. This segment is likely to play an increasing role in 2016, as the decline in the value of the ringgit makes overseas travel more expensive...
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