Malaysian Economy to Grow by 4.8% in 2017

Updated on Saturday 29th April 2017

Malaysian Economy to Grow by 4.8% in 2017 Image
The Malaysian economy provides positive aspects for the business environment, as the local Gross Domestic Product (GDP) will increase in 2017 by 4.8% (the maximum value of the forecast) as stated by the Bank Negara Malaysia. Investors interested in opening a company in Malaysia can have numerous business oportunities in various economic fields. At the same time, we mention that the region of Labuan can offer advantageous conditions, due to its special taxation regime, on which our team of company formation consultants in Malaysia can offer legal assistance. 
 

Malaysian economy in 2017  


The governor of the Central Bank of Malaysia (Bank Negara Malaysia) announced that the local economy will grow in 2017 by 4.5%- 4.8%.

One of the main drivers of the economic growth in Malayia is determined by the level of exports, which in the first quarter of 2017 increased by a solid 26.5%. Investors interested in company formation in Malaysia in this field must know that the increase marked the highest development registered since 2010. 
 

Main economic sectors in Malaysia  


At the level of 2016, the economy in Malaysia was represented by several economic pillars. Foreign investors interested in the procedure of company registration in Malaysia can set up a company in one of the top economic fields, which will increase their opportunities to establish a successful company; our team of agents in company formation in Malaysia can offer further information. 

Thus, the most important economic fields were the following: 

•    services;
•    manufacturing;
•    mining;
•    agriculture;
•    construction. 

The services sector represents the highest share for the local GDP, as in 2016 it accounted for 54.2%. The manufacturing industry is the second most important economic field, accounting for 23%. 

On a year-to-year basis, the industry which developed the most was represented by the services sector

Foreign investors should also know that the business environment available here is a stable one, as the private investments increased in 2016. Also, the same aspect was noted for public investments.
 
Businessmen are invited to contact our team of consultants in company registration in Malaysia for more details on the requirements related to the incorporation of a business. 

Henry

April 29, 2017

A very good information!



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