Malaysia is located in Southeast Asia on a verge of the South China Sea and Indian Ocean. 80% of population lives on a peninsular and islandic area including the North Borneo. Thanks to its variety of cultures and religions as well as the large system of incentives for the foreign investors, Malaysia is considered to be a very promising market for those who are interested in foreign expansion. More information about the consulting services for Malaysia can be found here.
Malaysia is an independent country since 1957. Since then it registers rapid economical growth. It’s in the very top in the region, next to Indonesia and Thailand, but is registered as a developing country. It’s a member state of ASEAN and Organization of Islamic Cooperation.
Malaysia borders Brunei, Indonesia and Thailand and through sea travel – Philippines, Singapore and Vietnam. Its climate is tropical and tied to the large amplitude of rain connected with monsoons and high temperature that averages at 28 Celsius.
Malaysia’s natural resources are oil, gas, zinc, cobalt, iron, wood, rubber and palm oil and they strengthen its capabilities for export and import. In 2018 it was the 35th largest economy in terms of GDP, 20th – due to its exports, and 26th – imports.
Oil, one of the most important natural resources in Malaysia, is extracted in Sabah, Sarawak and Terengganu, most notably by Petronas (Petroliam Nasional Berhad), Exxon-Mobil and Royal Dutch Shell. In 2016 Malaysia was ranked 28th in the global statistics of the deposits.
Malaysia used to be one of the largest producents of zinc and rubber, as well as cocoa, pepper, pineapples and tabaco. Since the 60’s it manages a large monoculture of oil palms, that currently amount to 70% of its arable lands (53% of those are located on Borneo). Due to the uniform character of the plantations the grounds are prone to the erosion and fires, which burden the local farmers and producers.