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For long distance moves it is important to be in touch with the company's long distance department to make sure your shipment is scheduled for delivery and they have all the contact information and addresses.

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People moving to Malaysia have the privilege of getting the cheapest, yet high-quality, professional moving boxes and supplies available for purchase online.

The delivery is free and usually takes only one day to get to your home from one of our 5 warehouses located all over the country. You can choose among the different types of supplies or purchase entire kits - just what you need for your move! Click to purchase >>

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Malaysia: Facts & Stats

Demographics | ECONOMY | Transportation | Culture

ECONOMY

Industry:

In 2001 the manufacturing sector accounted for 40% of GDP, up from 33% in 1996, and for almost 90% of exports. Of total exports in October 2002,

electronics and electrical products accounted for 52%;
chemicals and chemical products, 5%;
liquefied natural gas (LNG) 3.65%;
wood products, 3%;
machinery, 2.9%;
optical and scientific equipment, 2.6%;
textiles and clothing, 2.4%;
and refined petroleum, 2.3%.

In 2001, Malaysia produced about 15% of the world's DVD players, behind China's 54.1% and Japan's 7.7%. In peninsular Malaysia, the leading industries by value of annual output are rubber and oil palm processing and manufacturing, light manufacturing industries, electronics, tin mining and smelting, and logging and processing timber. In Sabah, the leading industries are logging and petroleum production, while in Sarawak, they are agricultural processing, petroleum production and refining, and logging.

Malaysia has six oil refineries, with a total capacity of 514,500 barrels per day. Oil production 1996 to 2002 varied between 650,000 bpd and 730,000 bpd, with the 2001 daily average at 659,205 barrels.

Agriculture:

Agriculture remains an important sector of Malaysia's economy, contributing 12 percent to the national GDP and providing employment for 16 percent of the population.

The 3 main crops: rubber, palm oil, and cocoa, have dominated agricultural exports ever since, although the Malaysian share of the world's production of these crops declined steadily during the last 2 decades. In addition to these products, Malaysian farmers produce a number of fruits and vegetables for the domestic market, including bananas, coconuts, durian, pineapples, rice, rambutan (a red, oval fruit grown on a tree of the same name in Southeast Asia), and others.

As rice is a staple foodstuff in the everyday diet of Malaysians and is a symbol of traditional Malay culture, the production of rice, which stood at 1.94 million metric tons in 1998, plays an important part in the country's agriculture. However, the overall production of rice does not satisfy the country's needs, and Malaysia imports rice from neighboring Thailand and Vietnam.

In 1999, Malaysia produced 10.55 million metric tons of palm oil, remaining one of the world's largest producers. Almost 85 percent or 8.8 million metric tons of this was exported to international market. Malaysia is one of the world's leading suppliers of rubber, producing 767,000 metric tons of rubber in 1999. However, in the 1990s, large plantation companies began to turn to the more profitable palm oil production. Malaysia also is the world's fourth-largest producer of cocoa, producing 84,000 metric tons in 1999.

Finance and banking:

Finance and Banking sector in Malaysia is regulated by Bank Negara Malaysia. The central bank limits foreign participation through licensing limits. The central bank launched a Financial Sector Master plan in 2001 to revamp the finance sector following the Asian Financial Crisis. The master plan calls for emphasis on Islamic Banking.

Maybank is Asia-Pacific's largest Islamic banking service provider with US$6.4 billion (RM22.48 billion) Syariah-compliant assets. Malaysia also accounts for two thirds of global $82.2 billion sukuk market in 2007. Khazanah Nasional owns the largest retakaful company in the world, ACR Retakaful Holdings Limited, with capital base amounting to 300 million US Dollars.

A quarterly report prepared by the Economist Intelligence Unit on behalf of Barclays Wealth in 2007 estimated that there were 48,000 dollar millionaires in Malaysia (over twice that of China).

In April 2009, the government announce new licenses will be issued for investment Islamic banking, takaful and insurance business between 2009 to 2011. It also announced that the threshold foreign equity ownership has been raised from 49% to 70% and allowed foreign banks to open up new branches and micro-credit facilities. This move was done as an attempt to put Malaysia in as center for Islamic banking and also to liberalize the financial sector.

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