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Uncharted Beacons of Growth in Malaysia
Malaysia is a classic success story of how a backwater nation - dependent on agriculture and primary commodities - evolved into a manufacturing-based, export-driven economy in a period of less than 30 years after its Independence in 1957; spurred on by high technology, knowledge-based and capital-intensive industries.
Given Malaysia's diverse economic structure and sound domestic fundamentals, the Government remains confident of achieving a healthy growth rate in 2008. The country continues to enjoy healthy surplus in external trade, low unemployment as well as strong international reserves and high national savings. In fact, the country continues to draw foreign investors, with its supportive government policies and a Liberal Equity Policy; where effective from June 2003, 100% foreign equity holding is allowed for all investments in new projects. Other strong motivators include the employment of expatriates, attractive...
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