IFIAR’s 8th Inspection Workshop
10 – 12 March 2014
Kuala Lumpur, Malaysia
|Area||329,847 sq. km. (127, 315 sq. mi.)|
|Capital||Kuala Lumpur (Area: 2,793 sq km)|
|Time zone||GMT +8|
|People Population||28.9 million (2011), growth of 1.5% per annum|
|Ethnic Groups||Bumiputra 67.4%, Chinese 24.6%, Indian 7.3%, others 0.7%|
|Language||Bahasa Malaysia (Official), English, Chinese (various dialects), Tamil and indigenous|
|Religions||Islam , Buddhism, Christianity, Hinduism, others|
|Employment Labour Force||12.9 million (2011)|
|GDP||USD 278.67 billion (2011)|
|GDP Growth||5.1% (Quarter 3, 2012)|
|6.4% (Quarter 4, 2012)|
|GDP Per Capital||USD 10,134 (2011)|
|Inflation Rate||1.3% (November 2012)|
|Total Export (f.o.b)||USD 236.9 billion (2011)|
|Total Import (c.i.f)||USD 185.5 billion (2011)|
|Mobile Penetration||138% (as at Quarter 3, 2012)|
The country experiences tropical weather year-round with temperatures ranging from 21ºC (70ºF) to 32ºC (90ºF). Higher elevations are much colder with temperatures between 15°C (59°F) to 25°C (77°F).
Annual rainfall varies from 2,000mm to 2,500mm. However, the wettest parts of Malaysia could well be the hill slopes of Sarawak’s inland areas, which receive a mean annual rainfall exceeding 5,000mm.
Quick Notes on Malaysia
Strategically located in the heart of Asia, Malaysia has a long history as a trading nation. It has a modern, open economy, welcomes foreign investment and has forged close trade and investment ties with its traditional trading partners, such as members of ASEAN, the US, UK, Japan and over the last two decades, the Middle East, China and India. Malaysia is also a gateway to ASEAN, offering easy access to the ten-country geo-economic alliance with a total population of 600 million and a combined GDP of US$3.3 trillion (in 2011). It’s location on one of the world’s busiest sea lanes as well as its first class infrastructure have further strengthened Malaysia’s position in the global supply chain.
Malaysia is home to a multicultural society which has attracted businesses and tourists alike with strong levels of service and hospitality as well as fascinating cuisines. A significant exporter of commodities and commodity-based products, including oil and gas, the country also possess a well-diversified manufacturing industry alongside a strong services sector, particularly in tourism, business services and financial services.
The Malaysian capital market is today recognised as an Advanced Emerging market. The size of the equity market is RM1.6 trillion and we have established a RM1 trillion bond market. Assets under management have been growing above 19% a year, and today, it is about RM550 billion. The Islamic capital market (ICM), a critical component of our capital market, has tripled since 2000 to RM1.5 trillion with strengths in sukuk (world’s largest market) and Islamic fund management (largest number of Islamic funds in the world).
Malaysia’s capital market provides diversified fundraising sources from equity, conventional corporate bonds, sukuk to innovative structures such as business trusts and SPACs. As a testament to the depth of the capital market’s financing ability, the total amount of capital raised in 2012 was RM 146 billion with RM124 billion raised through the bond market and RM 22 billion raised via the equity market – which also included two of the largest IPOs in the world.
The capital market is expected to be further driven by Malaysia’s push for greater internationalisation and liberalisation of its financial sector thanks to its strong economy and sound political landscape.