Malaysian Success Stories

The Malaysian economy has made a gargantuan leap since 1957. The transformation of the country's economy from one based on primary commodities like tin, rubber and palm oil to a dynamic and vibrant industrialising nation is attributed to a variety of pull factors. Malaysia's political and economic stability, prudent and pragmatic investor friendly business policies, cost-productive workforce, a developed infrastructure comparable to that of any western country and a host of other amenities makes this country an enticing place for investors.

Multinational corporations from more than 40 countries have invested in over 5,000 companies in Malaysia 's manufacturing and related services sectors, encouraged by the country's pro-business environment. Malaysia today is one of the world's top locations for offshore manufacturing and service-based operations. Many of the existing foreign companies have also continued to show their confidence in the country's potentials as an investment location through their numerous expansions and diversifications over the years, particularly in high technology projects.

Economic Strength

Malaysia is in its’ most radical transformation as it battles to achieve the Vision 2020. The transformation is visible on the political front, the public sector and among Malaysian business entities.

Making Transformation Happen

Malaysia has progressed from an economy dependent on agriculture and primary commodities to a manufacturing-based, export-driven economy spurred on by high technology, knowledge-based and capital-intensive industries. To move the country forward, the Government has crafted a framework comprising four pillars to drive the change.

The New Economic Model (NEM) to be achieved through an Economic Transformation Programme (ETP) constitutes a key pillar which will propel Malaysia to being an advanced nation with inclusiveness and sustainability in line with goals set forth in Vision 2020. The ETP will be driven by eight Strategic Reforms Initiatives (SRIs) which will form the basis of the relevant policy measures.

Three other pillars have been launched over the past year. They are the 1Malaysia, the Government Transformation Programme (GTP) to strengthen public services in the National Key Results Areas (NKRAs) and the 10th Malaysia Plan 2011-2015, the economic blueprint that will set the tone of the whole country development over the next five years. It contains the new policy directions, strategies and programmes all targeted enabling Malaysia to emerge as a developed high-income nation.

Continuous Economic Success
In 2012, Malaysia’s economy grew 5.6%, higher than the 5.1% seen in 2011 and beat the government’s targeted growth of between 5% and 5.5%. Malaysia’s GDP expanded 6.4% in the fourth quarter of 2012 from a year earlier.
Download report :
http://www.bnm.gov.my/files/publication/qb/2012/Q4/Q4_en.pdf

High Level of Global Integration
Total trade in 2012 was valued at RM1.310 trillion, an increase of 8.7% from RM1.271 trillion in 2011. This was contributed by exports of RM702.19 billion and import of RM607.36 billion. Export expanded by 0.6% while import rose 8.6% compared with 2011. Malaysia recorded a trade surplus of RM94.82 billion for the year, making it the 15th consecutive year of total trade surplus achieved since 1998. For December 2012, Malaysian exports were 5.8% lower in December 2012 to RM57.27 billion compared with December 2011. Imports declined by 6.5% to RM49.03 billion while total trade declined by 6.1% from December 2011 to RM106.30 billion.

Visit MATRADE at:

http://www.matrade.gov.my/en/malaysia-exporters-section/190-trade-performance-2012/2708-malaysias-trade-performance-2012

The 10th Most Attractive Destination for FDI
Malaysia was listed as the world's 10th most attractive FDI destination by global management consultant A.T. Kearney in its recent FDI Confidence Index study, which collated data from more than 200 executives from 27 countries and 17 industry sectors. Malaysia was ranked 20th in 2010. The jump is a testimony of growing investors' confidence in the government's various initiatives to transform the economy into that of a high-income nation by 2020.

Visit A.T. Kearney at:
http://www.atkearney.com/documents/10192/fdaa84a5-a30a-4e4e-bc36-453375d6596f

The 12th in the Ease of Doing Business
Malaysia is the 12th most competitive economy in the world for doing business, according to the Ease of Doing Business Report 2013 released by the World Bank. This ranking places Malaysia 4th in Asia after Singapore, Hong Kong and South Korea.
Download report :
http://www.doingbusiness.org/~/media/GIAWB/Doing%20Business/Documents/Annual-Reports/English/DB13-full-report.pdf

The 14th Most Competitive Countries in the World
Malaysia has earned a position among the 14 most competitive countries in the world, according to the 2012 World Competitiveness Yearbook (WCY), published by the Swiss-based Institute for Management Development (IMD). The list measures Malaysia against 58 countries. With an index score of 84.217, Malaysia is the 2nd highest-ranked Southeast Asian countries after Singapore and ranked 4th in Asia after Hong Kong, Singapore, and Taiwan.
Download report :
http://www.pemudah.gov.my/c/document_library/get_file?uuid=4aa2de97-81a4-4d85-ab2c-b45c021b985f&groupId=172432

The 25th Most Competitive Nation in the World
Malaysia has earned a position among the 25 most competitive countries in the world, according to the 2012-2013 Global Competitiveness Index (GCI), published by the World Bank. The list measures Malaysia against 143 countries. Malaysia is the 2nd highest-ranked Southeast Asian countries after Singapore and ranked 6h in Asia after Singapore, Hong Kong, Japan, Taiwan and South Korea.
Download report :
http://www3.weforum.org/docs/WEF_GlobalCompetitivenessReport_2012-13.pdf

29th Most Networked Economy
Malaysia is also the world’s 29th most networked economy and the highest-ranked nation not to belong to the group of high-income countries. In the Global Information Technology Report 2012, released by the World Economic Forum (WEF), Malaysia is ranked sixth in Asia behind Singapore, Taiwan, South Korea, Hong Kong and Japan. The report praised Malaysia for its government-led effort in ICT usage, as reflect in government-related indicators such as government usage (6th), not far behind South Korea, Singapore and Taiwan.

Download report :
http://www3.weforum.org/docs/Global_IT_Report_2012.pdf

Economic Growth Corridors

As a testament to the country's commitment to promoting free trade and business incentives, the government has established five economic corridors, to further develop Malaysia.
The five economic growth corridors are:

Iskandar Malaysia in Southern Johor (IRDA);

Northern Corridor Economic Region (NCER);

East Coast Economic Region (ECER);

Sabah Development Corridor (SDC); and

Sarawak Corridor of Renewable Energy (SCORE).

Visit Malaysia's official economic corridors investment gateway portal at www.mycorridor.malaysia.gov.my for details on strategic investment locations.

Priority will be given to building urban agglomerations, focusing corridors around clusters and developing high economic impact sectors under the 10th Malaysia Plan (10MP) (2011-2015).

Economic Strength

Malaysia is in its’ most radical transformation as it battles to achieve the Vision 2020. The transformation is visible on the political front, the public sector and among Malaysian business entities.

Making Transformation Happen

Malaysia has progressed from an economy dependent on agriculture and primary commodities to a manufacturing-based, export-driven economy spurred on by high technology, knowledge-based and capital-intensive industries. To move the country forward, the Government has crafted a framework comprising four pillars to drive the change.

The New Economic Model (NEM) to be achieved through an Economic Transformation Programme (ETP) constitutes a key pillar which will propel Malaysia to being an advanced nation with inclusiveness and sustainability in line with goals set forth in Vision 2020. The ETP will be driven by eight Strategic Reforms Initiatives (SRIs) which will form the basis of the relevant policy measures.

Three other pillars have been launched over the past year. They are the 1Malaysia, the Government Transformation Programme (GTP) to strengthen public services in the National Key Results Areas (NKRAs) and the 10th Malaysia Plan 2011-2015, the economic blueprint that will set the tone of the whole country development over the next five years. It contains the new policy directions, strategies and programmes all targeted enabling Malaysia to emerge as a developed high-income nation.

Continuous Economic Success
In 2012, Malaysia’s economy grew 5.6%, higher than the 5.1% seen in 2011 and beat the government’s targeted growth of between 5% and 5.5%. Malaysia’s GDP expanded 6.4% in the fourth quarter of 2012 from a year earlier.
Download report :
http://www.bnm.gov.my/files/publication/qb/2012/Q4/Q4_en.pdf

High Level of Global Integration
Total trade in 2012 was valued at RM1.310 trillion, an increase of 8.7% from RM1.271 trillion in 2011. This was contributed by exports of RM702.19 billion and import of RM607.36 billion. Export expanded by 0.6% while import rose 8.6% compared with 2011. Malaysia recorded a trade surplus of RM94.82 billion for the year, making it the 15th consecutive year of total trade surplus achieved since 1998. For December 2012, Malaysian exports were 5.8% lower in December 2012 to RM57.27 billion compared with December 2011. Imports declined by 6.5% to RM49.03 billion while total trade declined by 6.1% from December 2011 to RM106.30 billion.

Visit MATRADE at:

http://www.matrade.gov.my/en/malaysia-exporters-section/190-trade-performance-2012/2708-malaysias-trade-performance-2012

The 10th Most Attractive Destination for FDI
Malaysia was listed as the world's 10th most attractive FDI destination by global management consultant A.T. Kearney in its recent FDI Confidence Index study, which collated data from more than 200 executives from 27 countries and 17 industry sectors. Malaysia was ranked 20th in 2010. The jump is a testimony of growing investors' confidence in the government's various initiatives to transform the economy into that of a high-income nation by 2020.

Visit A.T. Kearney at:
http://www.atkearney.com/documents/10192/fdaa84a5-a30a-4e4e-bc36-453375d6596f

The 12th in the Ease of Doing Business
Malaysia is the 12th most competitive economy in the world for doing business, according to the Ease of Doing Business Report 2013 released by the World Bank. This ranking places Malaysia 4th in Asia after Singapore, Hong Kong and South Korea.
Download report :
http://www.doingbusiness.org/~/media/GIAWB/Doing%20Business/Documents/Annual-Reports/English/DB13-full-report.pdf

The 14th Most Competitive Countries in the World
Malaysia has earned a position among the 14 most competitive countries in the world, according to the 2012 World Competitiveness Yearbook (WCY), published by the Swiss-based Institute for Management Development (IMD). The list measures Malaysia against 58 countries. With an index score of 84.217, Malaysia is the 2nd highest-ranked Southeast Asian countries after Singapore and ranked 4th in Asia after Hong Kong, Singapore, and Taiwan.
Download report :
http://www.pemudah.gov.my/c/document_library/get_file?uuid=4aa2de97-81a4-4d85-ab2c-b45c021b985f&groupId=172432

The 25th Most Competitive Nation in the World
Malaysia has earned a position among the 25 most competitive countries in the world, according to the 2012-2013 Global Competitiveness Index (GCI), published by the World Bank. The list measures Malaysia against 143 countries. Malaysia is the 2nd highest-ranked Southeast Asian countries after Singapore and ranked 6h in Asia after Singapore, Hong Kong, Japan, Taiwan and South Korea.
Download report :
http://www3.weforum.org/docs/WEF_GlobalCompetitivenessReport_2012-13.pdf

29th Most Networked Economy
Malaysia is also the world’s 29th most networked economy and the highest-ranked nation not to belong to the group of high-income countries. In the Global Information Technology Report 2012, released by the World Economic Forum (WEF), Malaysia is ranked sixth in Asia behind Singapore, Taiwan, South Korea, Hong Kong and Japan. The report praised Malaysia for its government-led effort in ICT usage, as reflect in government-related indicators such as government usage (6th), not far behind South Korea, Singapore and Taiwan.

Download report :
http://www3.weforum.org/docs/Global_IT_Report_2012.pdf

Economic Growth Corridors

As a testament to the country's commitment to promoting free trade and business incentives, the government has established five economic corridors, to further develop Malaysia.
The five economic growth corridors are:

Iskandar Malaysia in Southern Johor (IRDA);

Northern Corridor Economic Region (NCER);

East Coast Economic Region (ECER);

Sabah Development Corridor (SDC); and

Sarawak Corridor of Renewable Energy (SCORE).

Visit Malaysia's official economic corridors investment gateway portal at www.mycorridor.malaysia.gov.my for details on strategic investment locations.

Priority will be given to building urban agglomerations, focusing corridors around clusters and developing high economic impact sectors under the 10th Malaysia Plan (10MP) (2011-2015).

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Why Malaysia
» Economic Strength
» Supportive Government Policies
» An Educated Workforce
» Developed Infrastructure
» Vibrant Business Environment
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