Over the past decade Malaysia’s tourism sector has become an increasingly important contributor to the economy. In 2011 the country welcomed 24.7m visitors and pulled in RM58.3bn ($18.8bn) in tourism receipts over the course of the year, up from just 12.7m visitors and RM24.2bn ($7.8bn) in receipts in 2002, according to data from the Malaysia...
While it has traditionally focused on attracting visitors from international markets such as Australia, Europe and North America, over the past decade Malaysia’s tourism industry has benefitted from rapidly expanding domestic receipts as well. The increase in travel among a substantial percentage of the country’s population can be attributed to a...
Under the Economic Transformation Programme (ETP), the government’s long-term development strategy, the tourism industry is set to bring in RM168bn ($54.2bn) in revenues by 2020, three times as much as in 2010. While a substantial percentage of this new income is expected to come from a steadily increasing number of new visitors over the next eight...
Over the past five years Malaysia has become a major destination for foreigners seeking medical treatment. In 2011 over 578,000 foreign patients sought treatment in Malaysian hospitals and clinics, spending RM511m ($164.8m), up almost 19% on foreign health care expenditure in 2010. At a conference in Kuala Lumpur (KL) in July 2012, Liow Tiong Lai,...
Malaysia is a multi-ethnic society of 29m split between the Malay Peninsula and the island of Borneo. With a per-capita GDP that has hovered around $10,000 for the past decade, the country is struggling to escape a “middle-income trap”
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