Malaysia

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Malaysia is the fourth-largest economy in Southeast Asia. Traditionally known as one of the top exporters of natural rubber and palm oil, the resource-rich nation has successfully diversified its economy to include manufacturing, services and tourism.

MAIN LANGUAGES

Bahasa Malaysia (official)

English

Chinese dialects

Tamil

POPULATION

31.2 million (2016)

LAND AREA

330,803 km²

CAPITAL

Kuala Lumpur

CURRENCY

Malaysian Ringgit (MYR)

GDP PER CAPITA ( in US$, adjusted for purchasing power parity )

28,870 (International Monetary Fund)

TIME ZONE

GMT +8

EASE OF DOING BUSINESS

Ranked 24 out of 190 economies (World Bank Doing Business 2018)

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Malaysian Investment Development Authority (MIDA) is the government agency responsible for the promotion of Malaysia's manufacturing and services sectors. Services provided include sharing information on investment opportunities in Malaysia and facilitating joint venture partnerships.

www.mida.gov.my | (603) 2267 3633 | investmalaysia@mida.gov.my 

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LATEST UPDATES

Salaries in Malaysia will increase further by 5.3 per cent in 2020: Aon

Salaries in Malaysia rose by 5.1 per cent in 2019 and are expected to jump by 5.3 per cent in 2020, according to the Aon.

Malaysian consumers set to fuel furniture boom

Spending on household goods is expected to hit 55.6 billion ringgit (S$18.1 billion) by 2023, according to Fitch Solutions research.

Biogas as a sustainable energy solution for Southeast Asia

The recent advent of a circular economy highlights the importance of anaerobic digestion and biogas. Anaerobic digestion is a process where large...

Malaysia 5G: Wholesale network proposals unlikely to be favoured

MALAYSIA'S telecoms regulator is unlikely to support a government-led rollout of a wholesale mobile network, although it will be keen for...

Support for construction, supply-chain shifts in Malaysia's Budget

Economists highlight those sectors as the ones that will receive a boost

Macroeconomic stability in Malaysia continues to improve: ANZ

The improving stability comes on the back of compliance with 2019 fiscal targets, analysts said.