Malaysia's Growth and Attractiveness: 2019 Economic Insights
Discover key indicators of Malaysia's progress in 2019, from improved public trust to increased foreign investments. Explore the country's economic strengths, government policies, and infrastructure that make it an appealing destination for business ventures and foreign investments.
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Presentation Transcript
Edelman Trust Barometer 2019 (research report) 2019 60% 2018 46% Public confidence in the Government has improved. Economist Intelligence Unit (EIU)'s Democracy Index 2019 52nd spot 2018 66th spot Democracy index has improved among 167 countries. The Corporate Governance Watch report 2018 4th place 2016 7th spot Corporate Governance has improved among 12 countries in Asia Pacific region.
World Press Freedom Index 2019. 2019 123rd spot 2018 145th spot CEO World Magazine 2019 1st place 2018 7th spot Best country to invest in or do business in 2019 out of 67 countries. World Bank Doing Business Report 2019 2019 15th place 2018 24th spot Best country to invest in or do business in 2019 out of 67 countries.
Foreign Direct Investments in Malaysia Total stock of foreign direct investment rose by 10.3% 2019 (second quarter) : RM667.5 billion 2018 (second quarter): RM605.1 billion FDI rose by 97.2% 2019 (first half) : 2018 (first half) : RM 49.5 billion RM 25.1 billion Approved manufacturing FDI rose by 74.2% 2019 (first half) : 2018 (first half) : RM33.1 billion RM19.0 billion Source : MIDA, DOSM
Why Invest in Malaysia?
The RM 33.1 billion FDI, which will create 30,500 jobs in the future, are mainly from:- United States RM11.7 billion China RM4.8 billion Singapore RM3.1 billion Japan RM2.1 billion. Source : MIDA, DOSM
Why is Malaysia attractive to Foreign Investment? 1. Economic Strengths 2. Vibrant Business Development and Supportive Government Policies 3. Developed Infrastructure 4. Quality of Life 5. An Educated Workforce Source : MIDA, DOSM
Economic Strength Natural resources - crude oil, natural gas, timber, palm oil, rubber. GDP growth from 4.5 % to 4.9% in first quarter of 2019 Gross National Savings - RM400,774 million (USD96,339 million) Per capita income - RM44,686 (USD10,741) Unemployment rate - 3.3% (2019f) Inflation(CPI) 1.4% Exchange Rate (September 2019) : US$1 = RM4.17 The Eleventh Malaysia Plan 2016-2020 Source : MIDA
The Eleventh Malaysia Plan 2016-2020 Source : MIDA
Vibrant Business Development Market-oriented economy Well-developed financial and banking sector, including the Labuan International Business and Financial Centre and EXIM Bank Wide use of English, especially in business, legal and accounting practices based on the British system Extensive trade links - country's total trade was valued at RM1.876 trillion in 2018 and total trade for the first quarter (Q1) of 2019 was valued at RM435.16 billion. Chambers of Commerce and Industry Malaysian International Chamber of Commerce and Industry (MICCI), Federation of Malaysian Manufacturers (FMM) Japanese Chamber of Trade and Industry (JACTIM), American-Malaysian Chamber of Commerce (AMCHAM) Source : MIDA
Supportive Government Policies Pro-business policies Responsive government Liberal investment policies Attractive tax and other incentives Liberal exchange control regime Intellectual property protection Source : MIDA
Developed Infrastructure Network of well-maintained highways and railways Well-equipped seaports and airports High quality telecommunications network and services Fully developed industrial parks, including free industrial zones, technology parks and Multimedia Super Corridor (MSC) Advanced MSC Malaysia Cybercities and Cybercentres Source : MIDA
Quality of Life Friendly and hospitable Malaysians Safe and comfortable living environment with warm temperature all year round Excellent housing, modern amenities, good healthcare and medical facilities Excellent educational institutions including international schools for expatriate children World-class recreational and sports facilities Excellent shopping with goods from all over the world Source: MIDA
An Educated Workforce Talented, young, educated and productive workforce Multilingual workforce speaking at least two or three languages, including Malay English and Mandarin. Comprehensive system of vocational and industrial training, including advanced skills training Harmonious industrial relations with minimal trade disputes Source: MIDA
Overview of Regulatory Framework on Statutory Reporting in Malaysia
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