Despite criticisms that ASEAN is falling short of its lofty aspirations, its policy drive has had a notable impact on Malaysia’s trade and investment relationships in South-east Asia. As a net capital exporter and investor in its own right, the country has made significant inroads in neighbouring Indonesia, Thailand, the Philippines and, most recently, Myanmar.
This growth in cooperation points to ASEAN’s success in meeting some of its integration goals. Malaysian companies are most active in sectors such as banking, telecoms, palm oil, energy, construction and manufacturing. The push for integration within ASEAN is bearing fruit, with bottom-line numbers confirming that ASEAN is now Malaysia’s leading export destination. Economic policy is focused on addressing income inequality and transitioning Malaysia into a knowledge-based economy that capitalises on the opportunities presented by the Fourth Industrial Revolution.
Read sample article: Malaysia's ability to attract and accommodate business endures
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