Description

Malaysia is a federal parliamentary democracy with a constitutional monarch and has a stable political system. The economic environment is strong and the economy has grown at high rates recovering from the global downturn. The manufacturing industry is of great importance to the economy as the country is heavily dependent on the export sector. The important industries are the electrical and electronics, the chemicals and chemical products and the oil and gas industries. The food and beverages, rubber, metals and the automotive industries have great potential for growth in the coming years. With tax incentives being provided and government initiatives being taken, the manufacturing industry is expected to grow strongly from 2012 to 2015.