A middle-income country with serious ambitions to graduate into the ranks of developed economies, Malaysia is supported by abundant natural resources. In particular, offshore oil and gas, and foreign investment-friendly policies have nurtured a globally competitive electrical and electronics industry, while a strong banking system has financed...
In 2015 Malaysia will assume the role of ASEAN chair, just as the common market comes to fruition. What challenges does the country face?
On April 26, 2014 US President Barack Obama embarked on a historic three-day visit to Malaysia. This was the first time a sitting US president had visited since President Lyndon B Johnson’s trip in 1966, and thus there was great excitement. Malaysia and the US have had a long and fruitful relationship, and this was clearly evident by the...
With hotly contested elections behind it and favourable conditions in global markets, Malaysia’s government is on a drive to rein in traditionally large fiscal deficits. Having already brought down the federal deficit from a peak of 6.7% of GDP in 2009 to 3.9% in 2013, the government is aiming for a further reduction to 3% by 2015 and a...
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