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

More oil and gas contracts for Malaysian players in Q1 2020: Report

And, despite the drop in contract awards, the recovery in rig and vessel charter rates is still strong.

Malaysia's 3rd automotive policy to focus on next-gen vehicles: analyst

The National Automotive Policy will bring a roadmap for the automotive sector for the next decade amid "tepid sales" expected for 2020.

Malaysia's Shared Prosperity Vision 2030 needs a rethink: academic

While the growth vision continues a decades-long emphasis to elevate tech and skills, Malaysia's conditions call for a more comprehensive...

Card payments in Malaysia to exceed US$80b by 2023: GlobalData

Malaysia’s total card payments value is projected to increase from US$50.4 billion in 2019 to US$81 billion in 2023, as the country makes steady...

Three quarters of Asia-Pac businesses consider themselves disrupted by tech change: Baker McKenzie

A full three quarters Asia Pacific-based business leaders surveyed describe themselves as being disrupted, rather than a disruptor, amid...

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.