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Malaysia received its first loan from the IBRD in 1958. [4] The proposed loan expected the IBRD to provide 70% of financing, or around US$51.2 million. [5] These funds were commissioned for the Cameron Highlands District, approximately 100 miles of Kuala Lumpur, as a part of a comprehensive plan to develop energy infrastructure.
Malaysia withdrew its ambassadors in response, and asked Thailand to represent Malaysia in both countries. [ 197 ] Indonesian President Sukarno , backed by the powerful Communist Party of Indonesia (PKI), regarded Malaysia as a "neocolonialist" plot against his country, and backed a Communist insurgency in Sarawak, mainly involving elements of ...
It has a labour force of about 15 million, which is the world's 34th-largest. [210] Malaysia's large automotive industry ranks as the world's 22nd-largest by production. [211] Malaysia is the world's 23rd-largest exporter and 25th-largest importer. [212] [213] However, economic inequalities exist between different ethnic groups. [214]
[2] [8] In 1963, the Federation was reconstituted as "Malaysia" when it federated with the British territories of Singapore, Sarawak, and North Borneo; a claim to the latter territory was maintained by the Philippines. [9] [10] Singapore separated from Malaysia to become an independent republic on 9 August 1965. [11]
The stock market capitalisation of listed companies in Malaysia was valued at $181,236 million in 2005 by the World Bank. [ 14 ] Some of the more visible projects from that period are Putrajaya , a new international airport ( Kuala Lumpur International Airport ), a hydroelectric dam (Bakun dam), the Petronas Towers and the Multimedia Super ...
University of Malaya, Kuala Lumpur, Malaysia; HMS Malaya, a Royal Navy battleship which served in both world wars; Operation Malaya, a police investigation taking place in Spain; Malaya, a 1949 American war film set in Japanese-occupied Malaya; Malaya, a 1961 documentary film produced by Malayan Film Unit (later Filem Negara Malaysia)
The First World War did not affect Malaya directly, aside from a naval skirmish between the renegade German cruiser SMS Emden and the Russian cruiser Zhemchug off the coast of George Town, in what became known as the Battle of Penang. The Second World War however consumed the country.
Malaysia is affiliated with the United Nations and many of its specialised agencies, including UNESCO, World Bank, International Monetary Fund, International Atomic Energy Agency; General Agreement on Tariffs and Trade. It is also a member of the Asia-Pacific Economic Cooperation, the Developing 8 Countries.