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Malaysia

Previously a British colony, Malaysia gained its independence in 1957 and in the decades since has become a politically stable, democratic economy with a population of around 33 million people.

Previously a British colony, Malaysia gained its independence in 1957 and in the decades since has become a politically stable, democratic economy with a population of around 33 million people.

The country has a diversified export base with agriculture, forestry and commodities, as well as minerals, energy, manufacturing and machinery at a 2020 total of USD 238 billion. Malaysia is open to international trade and investment with foreign trade representing 117% of 2021 GDP and a range of government policies intended to encourage inwards investment and engagement.

Malaysia is on track to achieving high-income status by 2024. The country has one of the highest standards of living in Southeast Asia and a low unemployment rate estimated at 4.7% in 2021. The 11th Malaysia Plan charts a path toward advanced economy status and greater inclusion, through a range of development issues such as equity, inclusiveness, environmental sustainability, human capital development, and infrastructure.

As everywhere in Asia, local relationships are critical for a successful investment into the Malaysian economy. Regulation, while perhaps less complex than other ASEAN nations still require expertise and tact, and this is where Asian Insiders can assist your establishment in the Malaysian market.

Asian Insiders will connect you to the right partners for your plans and engage closely with your medium to long term objectives for the region.

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Is your company considering expanding into Asian markets?

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Perhaps we can help you – so connect with us here. We’re ready to engage you – let us know how to help you improve your impact in Asia.