Language:Bahasa Malaysia (official), English (widely used in business), Mandarin, Cantonese, Tamil and Iban
Local currency:Ringgit (MYR) Dialling code from UK + 60
GDP 2008: US $528.8bn; US $13,314 per capita (2009 estimate)
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INTRODUCTION UK commercial ties with Malaysia are strong. Close historical and educational links, a familiar commercial and legal framework and the widespread use of English are all conducive to a vibrant business relationship. UK exports in goods to Malaysia in 2008 were valued at £1.14 billion, placing Malaysia as the UK’s second largest export market in South East Asia, after Singapore. UK exports in services to Malaysia in 2007 (the last year for which full figures are known) totaled £443 million. The UK is also one of the largest investors in Malaysia, investing over £20bn in the past 30 years. Taoufik Kartoubi - firstname.lastname@example.org
The economy Population: 28.3mln (2009 estimate) GDP per head (Nominal): US$6,721 (2007) Major Industries: Electronics, Petroleum & LNG, Chemicals, Textiles, Palm Oil, Timber, Tourism Major Trading Partners: USA, EU, Singapore, Japan and China Exchange Rate: £1=5.37 Ringgit – variable (Oct 13, 2009) Total Exports with UK: £1.84 bn; +7% on-year (Jan.-Dec 2008) Total Imports with UK: £1.14 bn; +19% on-year (Jan.-Dec 2008) Taoufik Kartoubi - email@example.com
What are the opportunities? Malaysia is one of the fastest growing economies in the region. GDP growth in 2007 was a healthy 6.3%, although this dropped to 4.6% in 2008 at the global economic downturn began to bite. Current estimates for 2009 put the growth figures at between –1% and +1%. Per capita income is estimated to reach US$13,300 in Purchasing Power Parity terms in 2009. Taoufik Kartoubi - firstname.lastname@example.org
Opportunities exist for UK companies in various sectors, including: Oil and Gas– oil companies will invest heavily over the next 5-10 years to develop new discoveries in deeper waters Education and Training – the Government is making significant investments to help Malaysia reach "developed" status by the year 2020 Information and Communication Technology – major local players are increasing their investments in the latest ICT technologies Agriculture – the Government is encouraging activity in horticulture and animal husbandry to stem the increase in food imports Environment – Government efforts to overcome weaknesses in sub-sectors such as Municipal Solid Waste and air pollution Power – transmission and distribution deficiencies in Peninsula Malaysia Water – opportunities exist around Non-Revenue Water (NRW) and the deterioration in water quality for end-users Aerospace – Government promoting collaborations with foreign companies with incentives available in the areas of MRO, Training and Manufacturing Construction – further investment expected in land, sea and air infrastructure under the 9th Malaysia Economic Plan (2006-2010) Healthcare and Medical– Ministry of Health looking to upgrade and restructure health services to cope with increasing demands and ageing population Taoufik Kartoubi - email@example.com
Malaysian companies in the UK 18 Malaysian companies are listed in London: > 4 are listed on the LSE‟s main board > 12 are listed on the Alternative Investment Market (AIM) > 2 on the PLUS market Malaysian inward investment in the UK is substantial. It includes: > YTL's ownership of Wessex Water (£1.2 billion) > Proton's ownership of Lotus > MUI's ownership of Laura Ashley > The Corus hotel chain Malaysian national oil company Petronas's total investment in UK is close to £800 million Taoufik Kartoubi - firstname.lastname@example.org
Malaysia’s 30 Most Valuable Brands in 2008 Taoufik Kartoubi - email@example.com
The Malaysian banks was virtually unaffected by the global credit crisis last year that decimated many banks especially in the western world.
After the Asian crisis, Malaysia enacted many regulations which prevented the reckless flow of capital into and out of the country.
As the world’s largest producer of palm oil, Malaysia has a leadership position in providing cheap edible oil to many developing countries. Palm oil is a cheaper substitute for vegetable or sunflower oil which are used in cooking.
In 2008, Foreign Direct Investment (FDI) into Malaysia increased by 38% (RM 46.1 Billion) from the previous year.
Since Islam is the largest and official religion in Malaysia, the financial sector follows the principles of Islamic finance and take very low risks compared to banks in other countries.
Since Independence from the British, the country has been a Parliamentary democracy with a stable government in most years. Hence political risk is low.
Corruption is lower in Malaysia relative other ASEAN countries such as Indonesia, Thailand and others.
In addition to palm oil and rubber, Malaysia is blessed with an abundance of forestry, fertile agricultural land minerals like copper, iron-ore,etc.
Crude oil and Natural gas were discovered offshore in the 1970s and today Malaysia subsidizes gasoline for domestic consumers and is a net exporter of crude oil. The famous Petronas Tower is owned by the national state-owned oil giant Petronas.
While Malaysia has failed to succeed in innovation based industries like IT, biotechnology, semiconductors, etc. it has been able to excel in the agricultural and commodity sector and more recently is heavily
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