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.
Bahasa Malaysia (official)
31.2 million (2016)
Malaysian Ringgit (MYR)
GDP PER CAPITA ( in US$, adjusted for purchasing power parity )
28,870 (International Monetary Fund)
EASE OF DOING BUSINESS
Ranked 24 out of 190 economies (World Bank Doing Business 2018)
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.
The improving stability comes on the back of compliance with 2019 fiscal targets, analysts said.
Stimulus package expected in face of US-China trade war
Solar power was highlighted as particularly well-poised for growth, by Fitch Solutions Macro Research
The construction industry is expected to pick up this quarter on infrastructure projects like the East Coast Rail Link, an analyst noted.
MALAYSIA share prices closed higher on Fridday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index up 4.72 points to 1,604.47.