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Malaysia

Introduction to Malaysia

During the late 18th and 19th centuries, Great Britain established colonies and protectorates in the area of current Malaysia; these were occupied by Japan from 1942 to 1945. In 1948, the British-ruled territories on the Malay Peninsula formed the Federation of Malaya, which became independent in 1957. Malaysia was formed in 1963 when the former British colonies of Singapore and the East Malaysian states of Sabah and Sarawak on the northern coast of Borneo joined the Federation. The first several years of the country's history were marred by Indonesian efforts to control Malaysia, Philippine claims to Sabah, and Singapore's secession from the Federation in 1965.

Government

Capital:

Kuala Lumpur
note: Putrajaya is referred to as the administrative capital 

Independence:

31 August 1957 (from UK) 

National holiday:

Independence Day/Malaysia Day, 31 August (1957) 

Economy

Economy overview:

Malaysia, a middle-income country, transformed itself from 1971 through the late 1990s from a producer of raw materials into an emerging multi-sector economy. Growth was almost exclusively driven by exports - particularly of electronics. As a result Malaysia was hard hit by the global economic downturn and the slump in the information technology (IT) sector in 2001 and 2002. GDP in 2001 grew only 0.5% due to an estimated 11% contraction in exports, but a substantial fiscal stimulus package equal to US id=mce_marker.9 billion mitigated the worst of the recession and the economy rebounded in 2002 with a 4.1% increase. The economy grew 4.9% in 2003, notwithstanding a difficult first half, when external pressures from SARS and the Iraq War led to caution in the business community. Healthy foreign exchange reserves and a relatively small external debt make it unlikely that Malaysia will experience a crisis similar to the one in 1997, but the economy remains vulnerable to a more protracted slowdown in Japan and the US, top export destinations and key sources of foreign investment. The Malaysian ringgit is pegged to the dollar, and the Japanese central bank continues to intervene and prop up the yen against the dollar. 

GDP:

purchasing power parity - $207.8 billion (2004 est.) 

GDP - composition by sector:

agriculture: 7.3%
industry: 33.5%
services: 59.1% (2004 est.)

Agriculture products:

Peninsular Malaysia - rubber, palm oil, cocoa, rice; Sabah - subsistence crops, rubber, timber, coconuts, rice; Sarawak - rubber, pepper; timber 

Industries:

Peninsular Malaysia - rubber and oil palm processing and manufacturing, light manufacturing industry, electronics, tin mining and smelting, logging and processing timber; Sabah - logging, petroleum production; Sarawak - agriculture processing, petroleum production and refining, logging 

Transportation

Waterways:

7,200 km
note: Peninsular Malaysia 3,200 km, Sabah 1,500 km, Sarawak 2,500 km (2004)

Pipelines:

condensate 279 km; gas 5,047 km; oil 1,841 km; refined products 114 km (2003)

Ports and harbors:

Bintulu, Kota Kinabalu, Kuantan, Kuching, Kudat, Labuan, Lahad Datu, Lumut, Miri, Pasir Gudang, George Town (Penang), Port Dickson, Port Kelang, Sandakan, Sibu, Tanjung Berhala, Tanjung Kidurong, Tawau

Merchant marine:

total: 360 ships (1,000 GRT or over) 5,389,397 GRT/7,539,178 DWT
foreign-owned: China 1, Germany 2, Hong Kong 8, Indonesia 2, Japan 2, South Korea 1, Liberia 1, Monaco 1, Norway 1, Philippines 2, Singapore 81, Vietnam 1
registered in other countries: 75 (2003 est.)
by type: bulk 59, cargo 100, chemical tanker 38, container 66, liquefied gas 25, livestock carrier 1, passenger 2, petroleum tanker 56, roll on/roll off 5, vehicle carrier 8

Airports:

117 (2003 est.)

Heliports:

1 (2003 est.)

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