Tuesday 14 April 2015

Doing Business in Malaysia



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Malaysia, the Country
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Location

Malaysia is located in the heart of Southeast Asia, slightly north of the Equator. It is separated into two regions, i.e. Peninsular Malaysia (West Malaysia), which consists of 11 states, the Federal Territory of Kuala Lumpur and the Federal Territory of Putrajaya; and East Malaysia, which has two states in addition to the Federal Territory of Labuan. The West Malaysian states in the peninsular are Johor, Kedah, Kelantan, Melaka, Negeri Sembilan, Pahang, Penang, Perak, Perlis, Selangor and Terengganu. The East Malaysian states are Sabah and Sarawak.



Population

Malaysia is a multi-racial country, which is made up predominantly by the Malays whilst the rest of the population is made up of Chinese, Indians and others that include indigenous people and Eurasians.



Language

The official language is Bahasa Malaysia although English is widely used. Apart from English, local dialects such as Mandarin and Tamil are also commonly used.



Religion

Islam is the national religion although the Federal Constitution provides for the freedom of worship for other religious groups.



Currency

The local currency is Ringgit Malaysia (RM).