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[151] [152] In 2016, Malaysia was ranked 18th out of 140 countries in the World Economic Forum's Global Competitiveness Report, the highest among of all developing economies in Asia. Its telecommunications network is second only to Singapore's in Southeast Asia, with 4.5 million fixed-broadband subscribers, 8.4 million fixed-line subscribers ...
The National Development Policy (Malay: Dasar Pembangunan Nasional (DPN)) was a Malaysian economic policy introduced by Prime Minister Mahathir Mohamad. The objective was achieving economic growth, while ensuring that accrued benefits reached all sections of society. [1] The National Development Policy replaced the New Economic Policy (NEP
This is a list of Malaysian states and federal territories sorted by their gross domestic product (GDP). [1] [2] As of 3 November 2022 Malaysian Ringgit (symbol: RM, currency code: MYR) is equivalent to 0.211 United States dollar [3] or 0.213 Euros. [4] In 2023, Selangor contributed 25.9% of Malaysia's GDP, followed by Kuala Lumpur (15.9%) and ...
The economic development plan was unveiled at a time when Malaysia was starting to recover from the Asian financial crisis and challenging economic conditions as a result of high oil prices. The US-led Iraq invasion in 2003 resulted in a rise in oil prices to about US$60/barrel by August 2005, which was a few months before the plan was unveiled ...
One of the most significant events in the history of the Malaysian economy was the Asian financial crisis, which caused Malaysia's GDP to shrink from US$100.8 billion in 1996 to US$72.2 billion in 1998. The Malaysian economy's GDP did not recover to 1996 levels until 2003. [17] The year 1997 saw drastic changes in Malaysia.
In May 2009, India reported an economic growth rate of 5.8%, beating most forecasts. [43] In second quarter of 2009 the Indian economy grew by 7.9% and gave indications that the Indian economy would scale a growth rate of 7% or above in 2009 and 8-9% in 2010. In the 3rd Quarter of 2010, the economy had bounced back with a growth rate of 8.8%.
In Malaysia, federal budgets are presented annually by the Government of Malaysia to identify proposed government revenues and spending and forecast economic conditions for the upcoming year, and its fiscal policy for the forward years. The federal budget includes the government's estimates of revenue and spending and may outline new policy ...
Department of Statistics Malaysia (DOSM). Iskandar Regional Development Authority (IRDA). Northern Corridor Implementation Authority (NCIA). East Coast Economic Region Development Council (ECERDC). Sabah Economic Development and Investment Authority (SEDIA). Regional Corridor Development Authority (RECODA). Ekuiti Nasional Berhad (EKUINAS).