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....
The year 2015 will be remembered as the moment when the Malaysian government embarked on an ambitious and uncharted course to replace oil revenues with a consumption tax known as the goods and services tax (GST), which is set at 6%. According to the 11th Malaysia Plan (11MP), the introduction of the GST is expected to bring in a revenue stream...
Where do you see the greatest potential for expanding Laos-Malaysia trade and investment?
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...
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