Business in Malaysia. Economy. Foreign trade. Malaysian companies

Summary

Foreign direct investment in Malaysia FDI. Kuala Lumpur. Key sectors: electrical, electronics, engineering, food industry. Telekom Malaysia Berhad. PADINI.

Malaysian Economy.

Malaysia is a country on the move. From a country dependent on agriculture and primary commodities in the sixties, Malaysia has today become an export-driven economy spurred on by high technology, knowledge-based and capital-intensive industries.

Malaysia’s exports contracted 14.9% to RM46.09 billion in December 2008. Total imports decreased by 23.1% to RM34.42 billion from a year ago. On a month-on-month basis, exports declined by 11% from November, while imports were lower by 14.5%.

Total trade was valued at RM80.51 billion, a decrease of 18.6% from a year ago. Malaysia recorded a trade surplus of RM11.67 billion in December 2008, making it the 134th consecutive month of trade surplus since November 1997.

For the year of 2008, Malaysia’s total trade reached RM1.185 trillion, an increase of 6.8%, from 2007. Exports rose by 9.6% to RM663.51 billion, while imports increased by 3.3% to RM521.5 billion, resulting in a trade surplus of RM142.01 billion.

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.

To date, Malaysia has signed and is implementing two bilateral FTAs (Free Trade Agreement) and four regional FTAs. The bilateral FTAs signed are with Japan (MJEPA) and Pakistan (MPCEPA). Together with its ASEAN partners, Malaysia are parties to the ASEAN Free Trade Area (AFTA), ASEAN-Japan Close Economic Partnership Agreement (AJCEP), ASEAN Korea Free Trade Agreement (AKFTA) and the ASEAN-China Free Trade Agreement (ACFTA).

The Malaysian Industrial Development Authority (MIDA) is the first point of contact for investors who intend to set up projects in the manufacturing and services sectors in Malaysia.

Telekom Malaysia Berhad (TM), Malaysia’s leading integrated information and communications group, offers a comprehensive range of communication services and solutions in broadband, data and fixed-line. As a market leader in the broadband and fixed-line businesses, TM is driven to deliver value to its stakeholders in a highly competitive environment.

Padini began as a backend operation in Malaysia’s apparel industry, manufacturing, trading and supplying garments to order for retailers and distributors. It has entered the new millennium as a major force in Malaysia’s multibillion textile and garment industry, a brand leader involved in the distribution and retail of its own fashion labels through 190 freestanding stores, franschise and consignment counters.

Port Klang is situated on the west coast of Peninsular Malaysia, about 40 km from the capital city, Kuala Lumpur. Its proximity to the greater Klang Valley - the commercial and industrial hub of the country as well as the country's most populous region ensures that the port plays a pivotal role in the economic development of the country.

Government policies that maintain a business environment with opportunities for growth and profits have made Malaysia an attractive manufacturing and export base in the region. The private sector in Malaysia has become partners with the public sector in achieving the nation's development objectives.

Sample:

Kuala Lumpur and its surrounding urban areas form the most industrialized and economically, the fastest growing region in Malaysia. Greater Kuala Lumpur, also known as the Klang Valley, is an urban agglomeration of 7.2 million. Kuala Lumpur is poised to become the global Islamic Financing hub with an increasing number of financial institutions providing Islamic Financing

Half of the population of Malaysia today are the Malays. The Malays originated from the Malayo-Polynesian group of races. The unifying factors among the Malays then and now is the religion of Islam. Today in Malaysia, almost all Malays are Muslims.

Malaysia has the largest Muslim population of any country in the World

The official language in Malaysia is Bahasa Malayu.

ESCAP - APEC - World Trade Organization

Available Languages :

Master in Asia business - Master in Emerging Markets - Master in Business with Muslims countries

Malaysia borders: Thailand, Indonesia, Singapore and Brunei

Malaysia, Business, Economy, Kuala Lumpur, Foreign Trade, Malaysian, Companies, Foreign, Direct Investment, FDI, Negotiating, Key sectors, Electrical, Electronics, Engineering, Food Industry, Telekom Malaysia Berhad, PADINI

Master Executive in International Business, Global Marketing and Internationalization