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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).
The Northern Corridor Economic Region ( NCER; Malay: Wilayah Ekonomi Koridor Utara ), commonly referred to as the Northern Corridor ( Malay: Koridor Utara) is a development plan encompassing the four northwestern states of Malaysia, namely Perlis, Penang, Kedah and Perak. It was launched in 2007 by the federal government with an aim to ...
The Rubber Industry Smallholders Development Authority ( Malay: Pihak Berkuasa Kemajuan Pekebun Kecil Perusahaan Getah ), abbreviated RISDA, is a Malaysian federal government agency under the Ministry of Rural and Regional Development. [1] [2] Established in 1973, [3] it entrusted to oversee the smallholder sector as an important production ...
The Sarawak Corridor of Renewable Energy ( SCORE; Malay: Koridor Tenaga Diperbaharui Sarawak) is an economic region and development corridor covering central Sarawak, a Malaysian State on the island of Borneo. SCORE was launched in 2008. It is one of the five regional development corridors launched throughout Malaysia during the Abdullah Badawi ...
History of Malaysia. Since its formation in 1963, Malaysia 's economic performance has been one of Asia's best. Real gross domestic product (GDP) grew by an average of 6.5% per year from 1957 to 2005. Performance peaked in the early 1980s through the mid-1990s, as the economy experienced sustained rapid growth averaging almost 8% annually.
Malaysian New Economic Policy. The New Economic Policy ( NEP) ( Malay: Dasar Ekonomi Baru (DEB)) was a social re-engineering and affirmative action program formulated by the National Operations Council (NOC) in the aftermath of the 13 May Incident in Malaysia. This policy was adopted in 1971 for a period of 20 years and it was succeeded by the ...
Bank Pembangunan Malaysia Berhad ( BPMB; English: Malaysia Development Bank Limited, formerly known as Bank Pembangunan dan Infrastruktur Malaysia or Malaysia Infrastructure and Development Bank ), also known simply as Bank Pembangunan is a development bank in Malaysia. [ 2] The bank's activities are to provide medium to long-term financing to ...
Khazanah Nasional Berhad (lit. ' National Treasure Limited '; doing business as Khazanah Nasional or simply Khazanah) is the sovereign wealth fund of the Government of Malaysia. [2] One of the largest sovereign wealth funds in the world, [3] [4] it was established to invest surplus revenues for Malaysia. Through its investments and activities ...