The country is targeting its innovation initiatives in key industries, including agriculture, where it is expected to have a major impact. Some 88% of Malaysia’s palm oil crop is exported, and edible oil accounts for more than 5% of Malaysia’s annual exports. The plan is to move up the value chain to develop higher-end products like fuels and...
A series of economic reforms launched in 2010 aim to support Malaysia to reach its goal of lifting itself out of the middle-income trap and into the ranks of high-income economies by 2020. As part of the Economic Transformation Plan (ETP), the government established Agensi Inovasi Malaysia (Malaysian Innovation Agency, AIM) to lead policies...
Malaysia’s most southerly state, Johor – home to 3.6m people spread over a total of 19,016 sq km – has long played a key political and economic role in the country’s development. On the Strait of Malacca and sharing a border with Singapore, Johor has the country’s busiest trans-shipment hub and benefits from its position at the crossroads of...
Improving logistics and connectivity is a key element of the next phase in Johor’s development. Progress has been made in expanding highways to reduce travel times between the state capital, Johor Bahru, and its towns and resorts, but the authorities are intensifying efforts in line with plans to transform Johor Bahru into Malaysia’s second...
With its stunning rainforests, beautiful beaches and rich biodiversity, Sabah’s potential as a tourist destination is undeniable. Yet while a series of incidents have slowed the sector’s development since 2014, there are abundant signs of a strong recovery, and decisive steps are being taken to position the sector for future growth.
With major oil and gas deposits offshore, Sabah has long been a key part of Malaysia’s hydrocarbons industry – a major driver of the national economy. Indeed, since the first commercial discoveries were made offshore in the Sabah Delta Basin back in the early 1970s, oil and gas have made up a considerable slice of Sabah’s state revenues. This...
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