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The average household income of Malaysia increased by 18% to RM5,900 a month, compared to RM5,000 in 2012. According to a HSBC report in 2012, Malaysia will become the world's 21st largest economy by 2050, with a GDP of $1.2 trillion (Year 2000 dollars) and a GDP per capita of $29,247 (Year 2000 dollars).
Malaysian New Economic Policy. 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 the 13 May Incident in Malaysia. This policy was adopted in 1971 for a period of 20 years and it was succeeded by the ...
Launched on 21 September 2010, [1] it is a comprehensive economic transformation plan to propel Malaysia's economy into high income economy. The program will lift Malaysia's gross national income (GNI) to US$523 billion by 2020, and raise per capita income from US$6,700 to at least US$15,000, meeting the World Bank's threshold for high income nation. [2]
Khind Holdings Berhad ( Khind; MYX: 7062) is a producer and marketer of home consumer electrical appliances and an industrial electrical company with a revenue of RM325 million in 2013. Khind employs over 800 staff with 11 branch offices in Malaysia and a manufacturing plant in Sekinchan, Selangor. With operations in the ASEAN [ 1][ 2] region ...
Labuan International Business and Financial Centre. 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. [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. [ 6 ] [ needs update ] For further information on the types of business entities in this country and their abbreviations, see " Business entities in Malaysia ".
The MABC is a critical resource for business leaders relating to trade and investment opportunities, practices and regulations in Malaysia and Australia. The MABC has over 250 individual and corporate members. MABC corporate members employ 1000s of people around the country with business activities in every state in Malaysia.
The Government Transformation Programme (GTP) is an effort by Malaysia's Government to address seven key areas concerning the people of the country. The programme was unveiled on 28 January, 2010, by Prime Minister Najib Razak, and is expected to contribute in making the country a developed and high-income nation as per its Vision 2020.