The year 2015 is a landmark one for both Malaysia and ASEAN, as the 10-member grouping moves to establish the ASEAN Economic Community (AEC) under Kuala Lumpur’s (KL) chairmanship. Malaysia’s government has been gearing up for this challenge for some time too, signalling the approach it may take via a series of policy speeches. In these, Prime...
As Malaysia heads towards six decades of independence from Britain, its economy has never been stronger, with per capita income at an all-time high of $10,548, according to the IMF. Likewise, GDP rose to RM984.45bn ($307.25bn) in 2013, as per data from the Department of Statistics. In many ways, Malaysia has benefitted from its diverse ethnic...
As well as being home to rolling hills, lush forests and a rich tropical coastline, Malaysia is blessed with plentiful hydrocarbons reserves and a well-educated, multilingual population. Such credentials continue to keep the country in good stead, with priorities centred on preparing it for the inception of the ASEAN Economic Community in 2015...
Possessing the highest mountain in Malaysia, along with its deepest canyon, Sabah offers visitors some truly spectacular attractions. Its forests contain unique flora and fauna, its coasts world-renowned beaches, and its vibrant towns and cities offer a welcoming and multi-cultural panorama. Leveraging these gifts with increasing success in recent years has been a...
New measures aimed at lowering the tax burden for small and medium-sized enterprises (SMEs) should incentivise private operators to expand, but businesses may still face challenges in obtaining the credit they need. In January 2014 the government announced it would submit a plan to parliament to amend regulations on the payment of value-added...
Although landlocked between China and Russia, Mongolia’s priority is to cultivate trade and investment links with its “third neighbours” – a phrase first coined in 1990 by US Secretary of State James Baker to describe Mongolia’s relations with the US. A WTO member since 1997, Mongolia has since lowered barriers to trade. With a growing array of...
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