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Global CEO Magazine:
Destination Malaysia
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This article highlights the plethora of business opportunities existing in the Southeast Asian country, Malaysia, and discusses the major business sectors of the country. The focus is on the rationale for investments in Malaysia. The global management consultant PricewaterhouseCoopers comments that global investors should look for opportunities beyond the BRIC block and Malaysia promises to be one such attractive destination.

 
 
 

Malaysia, often addressed as and referred to as `Truly Asia', is one of the most pleasant and hassle-free countries in Southeast Asia. It is buoyant and wealthy, and has moved towards a pluralist culture based on a vibrant and interesting fusion of Malay, Chinese, Indian and indigenous cultures and customs. Malaysia's multi-ethnic, multi-religious society encompasses a majority Muslim population in most of its states and an economically-powerful Chinese community. One of Malaysia's key features is its extreme contrasts. Towering skyscrapers look down upon wooden houses built on stilts, and five-star hotels coexist with ancient reefs. Geographically, Malaysia is equally diverse like its culture. There are two parts to the country, 11 states in the peninsula of Malaysia and two states on the northern part of Borneo. Malaysia's love of Western-style industrialization is abundantly clear in its big cities. Aside from the gleaming glass towers of the 21st century, it boasts of some of the most superb beaches, mountains and national parks in Asia.

Malaysia is one of the Southeast Asia's most vibrant economies, the fruit of decades of industrial growth and political stability. According to the 2007 statistics the population of Malaysia is 26.84 million with a literacy rate of 88.90%. The Ringgit (RM) is the currency of Malaysia. This Southeast Asian nation experienced an economic boom and underwent rapid development during the late 20th century. With a GDP per capita standing at $5,479, it has, from time to time, been considered a newly industrialized country. Since Malaysia is one of the three countries that control the Strait of Malacca, international trade plays a large role in its economy. The country is a founding member of the Association of Southeast Asian Nations (ASEAN) and participates in many international organizations such as the United Nations. As a former British colony, it is also a member of the Commonwealth of Nations.

 
 
 

Global CEO Magazine, Business Sectors, PricewaterhouseCoopers, PWC, Global Management, Association of Southeast Asian Nations, ASEAN, International Organizations, Global Economic Environment, Ninth Malaysia Plan projects, 9MP, Foreign Direct Investment, FDI, Balance of Payments, BoP, Consumer Electricals Sector, Industrial Electronics Sector, United Nations Conference on Trade and Development, UNCTAD, Malaysia's Petroleum Industry, Services Sector, Economic Sectors, Global Islamic Banking Industry, Global Economic Woes, Electrical and Electronics Sectors, Malaysian Economy.