Malaysia emerged strongly from the global recession of 2008, with GDP growing at 5.1% in 2011. Forceful counter cyclical policies, sound balance sheets and intra-regional trade, have assisted recovery. The country’s near term prospects are very favourable with both external and private domestic demand, propelling economic activity.
Malaysia consists of two regions separated by 1,030 kilometres of the South China Sea. West Malaysia in the southern third of the Malay Peninsula and East Malaysia which occupies the northern quarter of the island of Borneo, with it’s Provinces of Sarawak and Sabah. West Malaysia is bound by Thailand to the north, the South China Sea to the east, Singapore to the south and the Strait of Malacca to the west.
East Malaysia is bound by Indonesia to the south, the South China Sea to the west and north and the Sulu Sea to the northeast. West Malaysia consists of a range of steep forest covered mountains, with coastal plains to the east and west and the principal river is the Pahang. East Malaysia has a broad swampy coastal plain, which rises to jungle covered hills in the interior.
As well as its status as a leading business destination, Malaysia offers beautiful scenery and a huge variety of tourist attractions, from beaches to dense rainforests. Leading destinations include the Pulau Payar Marine Park at Langkawi, the Gunung Mulu National Park in Sarawak, Sipadan Island in Sabah and Penang’s Georgetown, a UNESCO World Heritage site. Malaysia is a multi-cultural society. The main cultural groups are the native Malays, together with groups of Chinese and Indian ethnicity. Individual lifestyles are maintained. Families tend to socialise within their own ethnic groups but the desire to conform socially, makes Malaysians strive for harmonious relationships in every aspect of their lives. Malaysia is a founding member of ASEAN.
- Joined ASEAN: 8 August 1967 (Founder Member)
- Head of State: Sultan Abdul Halim Mu’adzam Shah
- Area: 329,847 square kilometres
- Border countries: Brunei Darussalam, Indonesia, Thailand
- Coastline: 4,675 kilometres
- Capital city: Kuala Lumpur
- Total population: 29,179,952
- Population of capital: 1,493,000
- Climate: Tropical. Southwest monsoons April to October, northeast monsoons October to February
- Languages: Bahasa Malaysia, English, Chinese, Tamil, Telugu, Malayalam, Panjabi, Thai
- Religions: Muslim 60.4%, Buddhist 19.2%, Christian 9.1%, Hindu 6.3%, Confucianism, Taoism and other Chinese religions 2.6%, other 1.5%
- Ethnic groups: Malay 50.4%, Chinese 23.7%, indigenous 11%, Indian 7.1%, other 7.8%
- Monetary unit: Ringgit (MYR)
- Natural resources: Tin, petroleum, timber, copper, iron ore, natural gas, bauxite
- Major exports: Electronic equipment, petroleum and liquefied natural gas, wood and wood products, palm oil, rubber, textiles, chemicals
- Main export trading countries: China 17.9%, Singapore 12.8%, Japan 10.6%, US 8.6%, Thailand 4.4%, Hong Kong 4.1%
- Major imports: Electronics, machinery, petroleum products, plastics, vehicles, iron and steel products, chemicals
- Main import trading countries: Singapore 20.5% China 13.7%, Japan 10%, US 7.9%, Thailand 6%, Indonesia 5.6%
- Internet domain: .my
- International dialling code: +60
- Sources: CIA World Factbook, ASEAN, IMF, Kwintessential.co.uk, Journeymart.com
Continuous Economic Growth
Despite the global economic environment arising from the financial crisis in the US in 2008, the Malaysian economy registered a gross domestic product (GDP) growth rate of 4.6% in 2008, supported by domestic demand and continued expansion in private and public consumption. The economy is expected to record positive growth rate in 2009 as the Government is optimistic in weathering these challenges.
Shift into High Value-Added Industries
From being the world’s largest producer of rubber and tin, Malaysia has transformed its economy as an export-driven economy spurred by high technology, knowledge-based and capital-intensive industries.
Today, Malaysia is one of the world’s leading exporters of semiconductor devices, computer hard disks, audio and video products and room air-conditioners.
Supportive Government Policies
Malaysian government established pro-business policies and offers foreign investors attractive tax and various incentives to attract foreign investment. The private sector in Malaysia has become partners with the public sector in achieving the nation’s development objectives.
To maintain a business environment with opportunities for growth and profits have made Malaysia an attractive manufacturing and export base in the region, Malaysian government has put constant efforts to obtain feedback from the business community through channels of consultation such as regular government-private sector dialogues.
Young, Educated and Trainable Workforce
Many of Malaysia’s university graduates are trained overseas in the fields such as engineering, and accountancy, allowing them to adapt easily to an international corporate environment. Malaysians have a good command of English, especially in business, and thus facilitating the investor’s communication with local personnel and suppliers.
Malaysia’s persistent drive to develop and upgrade its infrastructure has resulted in one of the most well-developed infrastructure among the newly industrializing countries of Asia.
Today, Malaysia offers the world its Multimedia Super Corridor (MSC) which brings together a legislative framework and a next-generation telecommunications infrastructure in eco-friendly surroundings to create the best environment for the development of multimedia industries.
A modern transportation hub integrates all major rail transport networks, including the Express Rail Link to the KLIA and Putrajaya, the government’s new administrative centre.
For more information, please visit of MIDA www.mida.gov.my
Doing Business in Malaysia
- Country Background
- Selected Economic Indicators and Other Statistics
- Operational Costs
- Transportation Costs
- Telecommunication Costs
- Investment Regulation and Procedures
- Expatriate Living Costs
- Employment Regulation
- List of Useful Information
- Other Useful Addresses
- List of Useful Web Site
- Public National Holidays
- Total Material
- Guide Book
- Capital : Kuala Lumpur
- National Population : 22.6 million
- Language : Bahasa Malaysia
In the heart of Southeast Asia lies one of the world’s most enchanting lands Malaysia. A tropical paradise of immense charm, Malaysia is a veritable treasure trove of diverse cultures and hospitable people, exotic cuisine,fascinating festivals, quaint villages and modern skylines. Bordered by Thailand to the north, Singapore and Indonesia to the south and southeast, Malaysia also stretched across the northern tier of Borneo to form the states of Serawak and Sabah.
Kuala Lumpur – Malaysia’s dynamic capital is a modern city with great shopping facilities, both traditional and contemporary, museums and galler(ies, a fascinating architectural mix, lively bars, restaurants, hospitable accommodation and good transportation. The city’s skyline is rapidly changing and presently boasts of the world’s tallest building, the magnificent Petronas Twin Towers.
Both the historic settlement of Melaka and Penang are labyrinth of interisting streets, mosques, temples and fascinating shops. The mountain retreats of Cameron Highlands, Fraser’s Hill and Genting Highlands are cool and peaceful. The island of Tioman, Redang, Perhentian, Pangkor and Langkawi provide both simple chalets as well as some of the world’s most exclusive resort facilities. Relax, dive and snorkle in tranquil waters and view the magnificent array and colours of the underwater world.
Taman Negara is the best known rainforest reserve of 150 million years old in Malaysia but there are others like Endau Rompin and Kenong Rimba National Park. Kenyir, Cini and Bera lakes are unexplored destinations offering abundance opportunities for fishing, birds watching, and experiencing village life.
Sabah is best known for its adventure and ecoturism such climbing Mount Kinibalu, Southeast Asia highest peak at 4,101 metres, undisturbed rainforest at Danum valley, proboscis monkeys along the Kinibatang river, the world’s largest orang utan sanctuary at Sepilok and turtles on Turtle Island Park.
Neighbouring Serawak, the largest state in Malaysia has similar activities. Here you can find the Mulu caves (one of the largest limestone cave system in the world), the Niah caves, indland river cultural exchanges at Batang Ai and Rejang river as well as several good national parks.
Malaysia is a colourful amalgam of southeast Asia’s major cultures (Malay, Chineses and Indian plus a rich array of other ethnic races). It is a fascinating land of hspitable and friendly people, a kaleidoscope of interseting and colourful places, customs, festivals, arts and delicious cuisines.
The rich array of local, oriental, as well as western and continental foods is aviable throughout the country. Eating is favou-rite pastime of Malaysians. Delicious dishes are served at street stalls to sophisticated restaurants troughout the day.
In the villages, traditional sports and pastimes such as sepak takraw, giant top spinning, and kite flying still survive although football is the most popular sport. Golf is also popular and players can choose to play on the 250 plus excellent courses located throughout the country.
Shopping in Malaysia is a never ending discovery- treasure of the orient, designer goods and local handycraft. With its competitive ringgit exchange and a wide array of choices, Malaysia is a shopper’s haven and value for money destination.
For more information, please visit http://www.tourism.gov.my/