Malaysia

Malaysia has experienced five decades of rapid and inclusive economic growth, positioning the country on the brink of achieving high-income status, according to Dr. Luiz de Mello, Director of the Economics Department at the Organisation for Economic Cooperation and Development (OECD). Speaking at the launch of the 2024 OECD Economic Survey of Malaysia, Dr. Luiz highlighted the impressive economic...

Malaysia is fast becoming a beacon for foreign investors in Southeast Asia, emerging as a standout market amid regional uncertainty. A unique blend of improving economic growth, political stability, and a strengthening currency is drawing significant foreign investment, making Malaysia a prime destination for those seeking safe and profitable ventures. Surge in Foreign Investments Foreign investors...

As we mark the 31st of August, a day etched in the history of Malaysia as our nation's Merdeka (Independence) Day, it's a time for reflection, celebration, and forward-thinking. This year, as we come together to honor 67 years of independence, we are reminded of the remarkable journey our nation has embarked upon—from a nascent independent state to a thriving, multicultural nation. The Spirit of...

The Malaysian government is set to review the nation's minimum wage, with a proposal expected to be presented to the Cabinet next month, according to Human Resource Minister Steven Sim. This announcement follows the submission of a report and recommendations by the National Wages Consultative Council, chaired by Tan Sri Zainal Rahim Seman. Upcoming Cabinet Review Minister Sim confirmed that his...

Malaysia’s total population has now reached 34.1 million, according to the Department of Statistics Malaysia (DOSM) in its Current Population Estimates 2024 released today. This represents a growth of 0.7 million people compared to the 33.4 million recorded for the same period last year. Population Growth and Composition Shifts While Malaysia's population has grown overall, the composition of...

Malaysia is on the cusp of a significant demographic shift, with the country expected to become an ageing nation by 2030. This transition is marked by an increasing number of residents aged 60 years and above, reflecting broader global trends of ageing populations. The Department of Statistics Malaysia (DOSM) has released its Current Population Estimates for 2024, shedding light on these evolving...

Malaysia's strategic location in Southeast Asia, particularly in relation to the South China Sea, positions it as an important geopolitical player and a strong candidate for BRICS membership, according to Mizan Aslam, a geostrategy expert from the National Defence University of Malaysia (UPNM). Mizan emphasized that the South China Sea has become a focal point for great power competition, involving...

Kuala Lumpur, the bustling capital of Malaysia, has secured its place as the fifth most popular international destination in the first half of 2024, following Tokyo, Bangkok, Osaka, and Seoul. According to digital travel platform Agoda’s booking data, Kuala Lumpur’s ranking highlights its vibrant cultural appeal and modern urban attractions. Kuala Lumpur's Rising Popularity Kuala Lumpur’s appeal...

Malaysia’s target to achieve high-income status by 2030 is both ambitious and realistic, given the country's robust growth trajectory, economic stability, and strong investor confidence. This optimistic outlook is supported by Juwai IQI global chief economist Shan Saeed, who highlights the critical role of key states and strategic sectors in driving Malaysia’s economic advancement. Key Contributors...

Malaysia has demonstrated commendable economic resilience by achieving a gross domestic product (GDP) growth of 3.6% in 2023, according to the Department of Statistics Malaysia (DOSM). This achievement is particularly notable given the challenging global economic environment characterized by geopolitical tensions, rising living costs, and commodity price fluctuations. Services Sector Leading the...