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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 ...
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 ...
Agrobank is a Malaysian government-owned Bank under the purview of the Minister of Finance Incorporated, established in 1969 with focus on agriculture sector. The Bank's financing of the agricultural sector is driven by a policy set forth by the Ministry of Agriculture and Food Industries (MAFI). As a DFI (Development Financial Institution ...
Tabung Haji. Lembaga Tabung Haji ( Jawi: تابوڠ حاج ; Arabic صندوق الحج ) also known as Tabung Haji or TH is the Malaysian hajj pilgrims fund board. [ 1] It was formerly known as Lembaga Urusan dan Tabung Haji (LUTH). The main headquarters is located at Tabung Haji Tower, Jalan Tun Razak, Kuala Lumpur. Tabung Haji ...
Majlis Amanah Rakyat ( MARA; English: People's Trust Council) is a Malaysian government agency. It was formed to aid, train, and guide Bumiputra ( Malays and other indigenous Malaysians) in the areas of business and industry. MARA was formed on March 1, 1966, under the Rural and National Development Ministry. [ 1]
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.
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 ...