Capital: Kuala Lumpur; GDP Growth rate (in percentage) 2016 : 4.2%
Key Facts
Full name: Federation of Malaysia
Population: 27.9 million (UN, 2010)
Area: 329,847 sq km (127,355 sq miles)
Major languages: Malay (official), English, Chinese dialects, Tamil, Telugu, Malayalam
Major religions: Islam, Buddhism, Taoism, Hinduism, Christianity, Sikhism
Life expectancy: 73 years (men), 77 years (women)
Monetary unit: 1 ringgit = 100 sen
Main exports: Electronic equipment, petroleum  gas, chemicals, palm oil, wood, rubber, textiles
GNI per capita: US $7,760 (World Bank, 2010)
Internet domain: .my
International dialling code: +60
  • Mohd Yazid Ja’afar, Chief Executive, Johor Petroleum Development Corporation, on local oil and gas developments


    How is the Pengerang Integrated Petroleum Complex (PIPC) project progressing?

    MOHD YAZID JA'AFAR: Outside of China, the PIPC is the major project of its type under construction in Asia, and its development will add price to Johor’s downstream oil and gas sector. Given its size, spanning 80 sq km, the PIPC is being developed in phases. At the moment, we are focused on completing phase one of PETRONAS’ Refinery and Petrochemical Integrated Improvment(RAPID) facility.

    The project is moving forward within the planned timeframe, with 65% of the work by presently completed. If construction continues to evolution as predicted, PETRONAS’ new refinery is expected to start production in the initial quarter of 2019, and phase one of PIPC will be completed in 2020-21.

  • Mr. Chung Chee Leong, President/Chief Executive Officer of Cagamas


    Mr. Chung Chee Leong, President/Chief Executive Officer spoke to The Worldfolio and discussed his vision of increasing ways of delivering affordable housing financing to Malaysia’s people.

  • Climate change laws around the world


    There has been a 20-fold increase in the number of global climate change laws since 1997, according to the most comprehensive database of relevant policy and legislation.

    The database, produced by the Grantham Research Institute on Climate Change and the Environment and the Sabin Center on Climate Change Law, includes more than 1,200 relevant policies across 164 countries, which account for 95% of global greenhouse gas emissions.

  • Malaysia Year in Review 2016


    Despite falling revenue from a weaker commodities market and concerns over political uncertainty, Malaysia’s economy maintained a steady increase rate in 2016, though expansion may come under pressure in the coming year.

    Sustained low oil and gas prices have seen the contribution of hydrocarbons to national revenue decrease from 30% in 2014 to just 14.6% this year. However, earnings generated from a goods and services tax imposed in 2015 and solid increase should see the budgetary deficit kept close to the government’s projected 3.1% of GDP.

  • Asia Economic Roundup: July 2016


    Without a doubt Britain’s decision to abandon the European project will be remembered globally as a wake-up call for political elites around the world. It seems the people chose to go against immediate economic interest and accept an extra financial turmoil in order to address deeply seated social and identity issues.

    Although Asia’s exposure to the UK is relatively limited and this is not exactly a “Lehman Moment”, nonetheless we can expect a lively debate as policymakers in Asia look for an appropriate response to address the needs of vulnerable households.

  • Towards A Transboundary Haze-Free ASEAN By 2020: Prevention And Collaboration


    To sustain the efforts of a transboundary haze-free ASEAN, it is significant to remain vigilant and be prepared early enough to prevent any occurrence of fires. This calls for better early warning systems and swift deployment of fire-fighting resources even before the fires starts.

  • Malaysia Year in Review 2014


    Economic increase will slacken in Malaysia at the end of the year, continuing into 2015 as revenues from oil and other commodities plummet, but structural reforms will help mitigate these effects inclunding lower deficit.

    Despite expectations of a weaker fourth quarter due to reductions in oil earnings and slower request for commodities such as palm oil, GDP increase in 2014 is likely to exceed the 4.7% completed in 2013, thanks to a 5.6% increase rate recorded in Q3 and even bigger advances in the initial two quarters.