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The average household income of Malaysia increased by 18% to RM5,900 a month, compared to RM5,000 in 2012. According to a HSBC report in 2012, Malaysia will become the world's 21st largest economy by 2050, with a GDP of $1.2 trillion (Year 2000 dollars) and a GDP per capita of $29,247 (Year 2000 dollars).
China's ByteDance, parent of social media app TikTok, plans to invest around 10 billion ringgit ($2.13 billion) to set up an artificial intelligence hub in Malaysia, the country's trade minister ...
Malaysia is a major player in the semiconductor industry, accounting for 13% of global testing and packaging. It has attracted multibillion-dollar investments from leading firms in recent years ...
2020 Fortune list. This list displays all Malaysian companies in the Fortune Global 500, which ranks the world's largest companies by annual revenue. The figures below are given in millions of US dollars and are for the fiscal year 2019. [1] Also listed are the headquarters location, net profit, number of employees worldwide and industry sector ...
184. Petronas. $49,479. 51,034. State-owned multinational oil and gas company vested with the entire oil and gas resources of Malaysia and operating in 35 countries. The firm has ranked as high as 68th globally in 2015.
Malaysia is a federal constitutional elective monarchy; the only federal country in Southeast Asia. [72] The system of government is closely modelled on the Westminster parliamentary system, a legacy of British rule. [73] The head of state is the King, whose official title is the Yang di-Pertuan Agong.
The MABC is a critical resource for business leaders relating to trade and investment opportunities, practices and regulations in Malaysia and Australia. The MABC has over 250 individual and corporate members. MABC corporate members employ 1000s of people around the country with business activities in every state in Malaysia.
Land clearing and deforestation are still major concerns, due to landslides and population displacements. Malaysia is the world's second-biggest producer of palm oil. Palm oil exports represent the third-largest category of Malaysian exports after fossil fuels (petroleum and gas) and electronics. Approximately 58% of Malaysia was forested in 2010.