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Malaysia has a newly industrialised market economy, which is relatively open and state-oriented. The Malaysian economy is highly robust and diversified with the export value of high-tech products in 2020 standing at US$92.1 billion, the second highest in ASEAN.
Many businesses experienced a turnaround after 1 April 2022 when Malaysia entered its transition and economic recovery phases. While food and beverage retailers rebounded, many department stores faced competition from online retailers. On 3 August 2023, the World Bank praised Malaysia's post-COVID-19 economic recovery performance. While COVID ...
This article lists the largest companies in Malaysia in terms of their revenue, net profit and total assets, according to the American business magazines Fortune and Forbes.
The Economic Transformation Programme is an initiative by the Malaysian government to turn Malaysia into a high income economy by the year of 2020. It is managed by the Performance Management and Delivery Unit (PEMANDU), an agency under the Prime Minister Department of Malaysia.
In 2014, Malaysia's economy grew 6%, the second highest growth in ASEAN behind Philippines' growth of 6.1%. The economy of Malaysia (GDP PPP) in 2014 was $746.821 billion, the third largest in ASEAN behind Indonesia and Thailand and the 28th largest in the world .
Labuan International Business and Financial Centre (IBFC) is a special economic zone of the Malaysian government based on the island of Labuan off the Borneo coast. It was established in 1990 and has been marketed as having a unique position to tap investment opportunities in Asia and beyond.
The New Economic Policy (NEP) (Malay: Dasar Ekonomi Baru (DEB)) was a social re-engineering and affirmative action program formulated by the National Operations Council (NOC) in the aftermath of 13 May Incident in Malaysia.
The Malaysian Global Innovation and Creativity Centre or MaGIC is an innovation and creativity centre located at Cyberjaya, Selangor, Malaysia.
Meanwhile, Sarawak is home to 7.9% of the Malaysian population (2.56 million out of 32.4 million people in Malaysia) based on the 2020 census. [2] [18] Sarawak economy has traditionally heavily depended on natural resource extraction and exports, including oil and gas, timber and palm oil.
Malaysia's large automotive industry ranks as the world's 22nd-largest by production. Malaysia is the world's 23rd-largest exporter and 25th-largest importer. However, economic inequalities exist between different ethnic groups.