Resource rich and export-oriented, Malaysia’s economy has endured another major test in resilience, with a global slump in commodities and China’s slowdown reducing revenues from the key sectors of energy, palm oil and manufacturing. In 2015 the local currency, the ringgit, saw the biggest sell-off since the 1997 Asian financial crisis. Yet...
South-east Asia holds a special place in my heart. As a boy, I lived in Indonesia, where for many years my mother dedicated herself to empowering rural women. And as president, I’ve worked to deepen America’s engagement in this region. Four ASEAN nations are already part of the TPP: Brunei, Malaysia, Singapore and Vietnam. Along with the US,...
How do you view the US-led Trans-Pacific Partnership (TPP) and the China-backed Regional Comprehensive Economic Partnership (RCEP)?
As a leading force in regional integration and the promotion of the ASEAN trading block, Malaysia has managed to consolidate its position as the principle gateway to South-east Asia. Though smaller in terms of market size than its neighbours, it has consistently punched above its weight in attracting foreign direct investment (FDI) dollars,...
With a constitutional monarchy and a democratic, Westminster-style parliamentary system of government, Malaysia has enjoyed many years of stability and growing prosperity since it achieved independence from Britain in 1957. The country is governed under a federal system, with many powers devolved to the state level. While it has inherited much...
What is the ASEAN Secretariat’s role following ASEAN Economic Community (AEC) integration?
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