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Malaysia is a country in Southeast Asia, occupying part of the Malacca Peninsula and the island of Kalimantan, bordered in the north by Thailand, in the south by Brunei, and Indonesia.
Population: 31.53 million (2018). Ethnic composition: Malays make up 65.1%, 26.0% are Chinese, 7.7% Indians, and 2.2% are others (including the Iban and Qadazan tribes Dusun, who make up more than half of the population of the Sarawak and Sabah states).
Features: the country has access to the sea.
Capital city: Kuala Lumpur. The population of Kuala Lumpur is over 1,800,000 inhabitants, with the suburbs it exceeds 6.5 million people.
Five largest cities in Malaysia
Ipoh
Johor Bahru
Klang
Georgetown
Petaling
Economy. GDP volume: 365 billion USD (2019). GDP annual growth rate: 17.1% (Q2 / 20), GDP per capita: 12,478 USD (2019), GDP per capita in PPP: 22,034 USD (2019).
According to the World Bank's "Doing Business" rating, Malaysia is ranked 12th among 190 countries. The currency is the Malaysian ringgit.
Main sectors of the economy: electrical and electronic industry. The electrical and electronics sector is one of the leading industries in Malaysia. It accounted for 32.8% of the total export volume, at the same time it provides employment for 27.2% of the working-age population.
Automotive industry
In total, Malaysia has 27 car factories and 640 factories for the production of automotive components and parts. In Southeast Asia, the industry is
third largest, while globally it ranks 23rd.
Agriculture is currently a minor sector of Malaysia's economy, accounting for 7.1% of Malaysia's GDP in 2014 and employing 11.1% of Malaysia's workforce, as opposed to 1960s when agriculture accounted for 37% of Malaysia's GDP and employed 66.2% of the workforce.
34% (81 billion USD) - Electrical machinery and equipment, their parts; sound recording and reproducing equipment, equipment for recording and reproducing television images and sound, their parts and accessories
14.4% (34 billion USD) - Mineral fuels, oil and products of their distillation; bituminous substances; mineral waxes
9.21% (21 billion USD) - boilers, equipment and mechanical devices; their parts
4.81% (11.4 billion USD) - Animal or vegetable fats and oils and their cleavage products; prepared edible fats; animal or vegetable waxes
4.27% (10.1 billion USD) - Optical, photographic, cinematographic, measuring, control, precision, medical or surgical instruments and apparatus; parts and accessories
4.03% (9.59 billion USD) - Plastics and articles thereof
2.98% (7.1 billion USD) - Rubber, rubber and articles thereof
1.84% (4.38 billion USD) - Ferrous metals
1.73% (4.13 billion USD) - Other chemical products
1.68% (4.01 billion USD) - Organic chemicals
Total imports to Malaysia totaled 204 billion USD in 2019. The decrease in the supply of goods and services to Malaysia in value terms was 5.72% compared to 2018: imports of goods/services decreased by 12.4 billion USD. In 2018, goods and services in the amount of 217 billion USD were imported to the country.
Top Companies in Malaysia
Petronas: The national oil and gas company, known for its significant contributions to Malaysia's economy, with a market capitalization of approximately 82 billion USD. Official website: petronas.com
Malaysian Airlines: The national carrier of Malaysia, providing both domestic and international air travel services, with total assets around 1 billion USD. Official website: malaysiaairlines.com
Maybank: One of the largest financial services groups in Southeast Asia, with a market capitalization of about 21 billion USD. Official website: maybank2u.com.my
Maxis: A major telecommunications provider in Malaysia, with a market capitalization of approximately 6 billion USD. Official website: maxis.com.my
Tenaga Nasional Berhad: The largest electricity utility company in Malaysia, with total assets of around 18 billion USD. Official website: tnb.com.my
CIMB Group: A leading banking group in ASEAN, with total assets of approximately 20 billion USD. Official website: cimb.com
Axiata Group: A telecommunications conglomerate, with total assets around 13 billion USD. Official website: axiata.com
IOI Corporation: One of the largest palm oil producers in the world, with total revenue around 3 billion USD. Official website: ioigroup.com
RHB Bank: A prominent banking and financial services group in Malaysia, with total assets of approximately 15 billion USD. Official website: rhbgroup.com
Sunway Group: A leading property and construction conglomerate, with total assets around 5 billion USD. Official website: sunway.com.my
Top Banks in Malaysia
Maybank: Malaysia's largest bank by market capitalization, with total assets of approximately 116 billion USD. Official website: maybank2u.com.my
CIMB Bank: A major bank offering a wide range of financial services, with total assets around 85 billion USD. Official website: cimb.com
Public Bank: Known for its retail banking and financial services, with total assets approximately 98 billion USD. Official website: pbebank.com
Hong Leong Bank: A significant player in the banking sector, with total assets of around 42 billion USD. Official website: hlb.com.my
RHB Bank: A prominent financial services provider, with total assets of about 15 billion USD. Official website: rhbgroup.com
Affin Bank: A bank providing various financial solutions, with total assets approximately 12 billion USD. Official website: affinbank.com.my
AmBank: A financial services group with total assets around 30 billion USD. Official website: ambankgroup.com
Bank Islam: A leading Islamic bank in Malaysia, with total assets of approximately 11 billion USD. Official website: bankislam.com
UOB Malaysia: A subsidiary of United Overseas Bank, with total assets around 19 billion USD. Official website: uob.com.my
Bank of China Malaysia: A significant branch of Bank of China, with total assets approximately 15 billion USD. Official website: boc.cn
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