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Later, Malaysia enjoyed faster economic recovery compared to its neighbours. The country has recovered to the levels of the pre-crisis era – as an example, the KLCI Composite Index reached 1,896 in 2014, significantly higher than the pre-crisis record of 1,275 in 1993.
The approval of these licenses is a sharp break from Malaysia's history of domestically dominated and tightly regulated markets for financial services. Under Najib, the Malaysian central bank has increasingly allowed the ringgit to appreciate and has plans to allow settlement and borrowing denominated in ringgit to be conducted offshore.
The New Economic Policy (NEP) which began with the Second Malaysia Plan (1971–1975) and lasted until the Fifth Malaysia Plan (1986–1990), had three main objectives, namely: [1] To achieve national unity, harmony and integrity; Through socio-economic restructuring (of the society) To minimize the level of poverty in the country (poverty ...
Cabinet of Malaysia: Reports to: Parliament of Malaysia: Seat: Putrajaya: Appointer: Yang di-Pertuan Agong on the recommendation of the Prime Minister of Malaysia: Formation: 1990 () First holder: Sulaiman Daud (Minister of Domestic Trade and Consumer Affairs) Deputy: Fuziah Salleh: Website: www.kpdn.gov.my
In early 2020, Malaysia faced a political crisis, [21] concurrent with the COVID-19 pandemic, leading to political, health, social, and economic disruptions. [22] [23] The 2022 general election resulted in Malaysia's first hung parliament, leading to Anwar Ibrahim's appointment as Prime Minister on November 24, 2022. [24] [25] [26] [27]
The Ministry of Investment, Trade and Industry (Malay: Kementerian Pelaburan, Perdagangan dan Industri; Jawi: كمنترين ڤلابورن، ڤرداڬڠن دان ايندوستري ), abbreviated MITI, is a ministry of the Government of Malaysia that is responsible for international trade, industry, investment, productivity, small and medium enterprise, development finance institution ...
MSC Malaysia, which known as Multimedia Super Corridor was founded. The corridor area begins with Kuala Lumpur, through Cyberjaya and Putrajaya and ends with Sepang, Selangor. 1 June: ASTRO, Malaysia's first subscription-based satellite television station which provide different channels, was founded. 3 August
New villages (Chinese: 新村; pinyin: Xīncūn; Malay: Kampung baru), also known as Chinese new villages (Chinese: 华人新村; pinyin: Huárén Xīncūn, Malay: Kampung baru Cina), were internment camps created during the waning days of British rule in Malaysia.