With a well-capitalised banking system and minimal exposure to European debt, the Omani economy is progressing relatively unscathed by the economic gloom prevailing elsewhere. Thanks to a surplus in the first half of 2012, the sultanate has managed to roll out significant counter-cyclical spending measures while keeping its budget in order....
Generating over 37% of GDP and contributing about RM263bn ($84.8bn) to GNI, the Greater Kuala Lumpur/Klang Valley (GKL/KV) region is the prosperous core and the administrative axis of Malaysia’s economic growth. In 2011, the number of people living in the region – which falls under 10 local authorities – hovered at about 6m, or around 20% of the...
It was in 2006 that the government first unveiled a major new tool in its strategy to help the country achieve fully developed nation status by 2020. Contained within the Ninth Malaysia Plan (9MP), released back then as the latest of the country’s five-year development programmes, was a section outlining the creation of five distinct regional...
The north-west of Malaysia is home to the states of Penang, Perlis and Kedah, which, along with Northern Perak, together make up the territory covered by the Northern Corridor Economic Region (NCER). With an established manufacturing sector, internationally famous tourist spots and wide swathes of agricultural land, the NCER has many...
The past 12 months have been good ones for the most established and developed of Malaysia’s growth corridors, Iskandar Malaysia (IM). Indeed, hitting some key growth targets in 2011-12, IM has been busy consolidating its standing as one of the fastest-growing regional development projects in the country.
Uniting the states of Terengganu, Pahang, Kelantan and the Johor district of Mersing under its remit, the East Coast Economic Region (ECER) covers the entire eastern half of Peninsular Malaysia. Despite its size, this is a comparatively underpopulated and spread-out region. At 66,000 sq km of territory, the ECER covers some 51% of the land area...
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