One of the most evident examples of Malaysia’s ongoing push to build a high-tech economy is the development of its aerospace industry. The sector encapsulates a number of strategic areas outlined under the government’s national development priorities, including advanced manufacturing operations, research and development (R&D) and value-...
With Asia now playing a key role within the global economy, Malaysia is looking to capitalise on trade expansion by bolstering its shipping industry in a bid to meet the growing needs of both itself and its neighbours.
While growth in the Malaysian retail sector was slower in 2013 than in recent years, the industry remains an important driver of local services and ranks as one of the more robust markets in the South-east Asian region. Bolstered by steady economic growth, urban migration, political stability and rapidly developing infrastructure, the sector...
What are some of the complexities that foreign food and beverage companies need to understand when entering the Malaysian market?
At the heart of Malaysia’s growth story is the transformation of its industrial base from a resource extraction and export-driven economy to that of a high-tech, value-added manufacturing and services sector. As Malaysia increases its global trade via participation in trade agreements such as ASEAN and the Trans-Pacific Partnership Agreement (...
A key contributor to the economy, manufacturing accounted for 24.5% of Malaysia’s GDP in 2013, ranking it second only to the services sector (55.2%) and well ahead of mining (8.1%), agriculture (7.1%) and construction (3.8%). As Malaysia increases its global trade via participation in trade agreements such as ASEAN and the Trans-Pacific Partnership Agreement (TPPA), enhancing efficiencies and...
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