The five-year development plan 11th Malaysia Plan (11MP), which runs from 2016 to 2020, was launched in 2015 and is considered to be the final and decisive step in Malaysia’s long journey to realise its aspirations of becoming an advanced economy. This will mean increasing its GDP per capita to surpass the critical threshold of $15,000....
Despite a heated domestic debate on the costs and benefits of the Trans-Pacific Partnership agreement (TPP), the Malaysian government has been forging ahead with its plan to join the US-led regional trade agreement, which is expected to have a high impact on export and import flows. A comprehensive document, the TPP covers 30 chapters, ranging...
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...
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...
During its time as chair of ASEAN in 2015, Malaysia helped to achieve its goal of launching the ASEAN Economic Community (AEC) by the start of 2016. The main challenge, long identified by economists and politicians, remains the vast difference in levels of development among the countries in the regional body, with Singapore enjoying GDP per...
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