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Labuan International Business And Financial Centre
Labuan
Labuan
International Business and Financial Centre (IBFC) is a special economic zone of the Malaysian government based on the island of Labuan
Labuan
off the Borneo
Borneo
coast. It was established in 1990 and has been marketed as having a unique position to tap investment opportunities in Asia and beyond.[1] The Labuan
Labuan
IBFC shares a common time zone with many large Asian cities and its location between China and India as well as its proximity to several other financial centres has been used to promote the Labuan IBFC as a convenient location for business dealings.[2] Labuan
Labuan
has been designated as a financial centre and free trade zone by the Malaysian government. History[edit] In January 2008, a rebranding and repositioning exercise of the IBFC to reflect the jurisdiction's burgeoning international status was followed by an aggressive marketing exercise
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Special Economic Zone
A special economic zone (SEZ) is an area in which business and trade laws are different from rest of the country. SEZs are located within a country's national borders, and their aims include: increased trade, increased investment, job creation and effective administration. To encourage businesses to set up in the zone, financial policies are introduced. These policies typically regard investing, taxation, trading, quotas, customs and labour regulations. Additionally, companies may be offered tax holidays, where upon establishing in a zone they are granted a period of lower taxation
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Energy Commission Of Malaysia
Commission or commissioning may refer to:Contents1 Forms of payment 2 Project validation 3 Military use 4 Civilian government 5 Other uses 6 See alsoForms of payment[edit] Commission (remuneration), a form of payment to an agent for services rendered Commission (art), the purchase or the creation of a piece of art most often on behalf of anotherA contract for performance or creation of a specific workProject validation[edit]


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Poverty In Malaysia
Poverty in Malaysia
Malaysia
is a controversial economic issue. The definition of poverty and the poverty line for Malaysians
Malaysians
has been disputed, and government policies to address poverty such as the Malaysian New Economic Policy have been met with political protest.[citation needed] Malaysia’s total population is 31 million as of 2015, of which 0.6% live below the national poverty line. Malaysia
Malaysia
has grown rapidly in terms of economic development. An indicator is that in 2014, 65.6% of the population aged 15 years and above were employed.[1]Contents1 History1.1 Independence2 New Economic Policy 3 Industrialisation and urbanisation 4 See also 5 Notes and referencesHistory[edit] Independence[edit] After Malaysian independence, significant chunks of the Malaysian economy were controlled by British colonial firms
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Palm Oil Production In Malaysia
Palm oil
Palm oil
production is vital for the economy of Malaysia, which is the world's second- largest producer of the commodity after Indonesia.[1][2] The Malaysian Palm Oil Board
Malaysian Palm Oil Board
(MPOB) is a government agency responsible for the promotion and development of the palm oil sector in the country
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Agriculture In Malaysia
Agriculture in Malaysia
Malaysia
makes up twelve percent of the nation's GDP. Sixteen percent of the population of Malaysia
Malaysia
is employed through some sort of agriculture. Large-scale plantations were established by the British. These plantations opened opportunity for new crops such as rubber (1876), palm oil (1917), and cocoa (1950)
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Pos Malaysia
Pos Malaysia
Malaysia
Berhad (MYX: 4634) is a postal delivery service in Malaysia, with history dating back to early 1800s.[2] Pos Malaysia
Malaysia
provides postal and related services, namely:Standard Mail (Flexipack Domestic, Standard Mail, Non-Standard Mail, Postcards, Mel Rakyat, Pos Ekspres, Pos Daftar, Pos Solutions). Courier, Express & Parcels CEP (Same Day Delivery, Next Day Delivery, Time Certain Service, Pos Parcel, Pos Ekspres, Pos Laju Prepaid Pack, On-Demand Pick-up, Prepaid Envelopes/Boxes). Retail (Bill payments, driving license renewals, personal insurance, vehicle shipping services). International Mail (International inbound & outbound mails, small packets, parcels). Logistics (Warehousing, freight-forwarding). e-Commerce (e-fulfillment, e-payment, e-marketplace). [3]The company holds an exclusive concession to provide mail services through its network of over 926 branches and mini post offices in Malaysia
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Tourism In Malaysia
Malaysia
Malaysia
is ranked 9th in the world for tourist arrivals.[1] The Travel and Tourism Competitiveness Report 2017 ranks Malaysia
Malaysia
25th out of 141 countries overall, which was the fifth best in Asia. In an effort to diversify the economy and make Malaysia's economy less dependent on exports, the government pushed to increase tourism in Malaysia. As a result, tourism has become Malaysia's third largest source of foreign exchange income,[2] and accounted for 7% of Malaysia's economy as of 2005.[3] The government agency in charge of promoting tourism in Malaysia
Malaysia
is Tourism Malaysia
Malaysia
or the Malaysia
Malaysia
Tourism Promotion Board (MTPB). On 20 May 1987, the Ministry of Culture, Arts and Tourism (MOCAT) was established and TDC moved to this new ministry
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Transport In Malaysia
Transport
Transport
or transportation is the movement of humans, animals and goods from one location to another. Modes of transport
Modes of transport
include air, land (rail and road), water, cable, pipeline and space. The field can be divided into infrastructure, vehicles and operations. Transport
Transport
is important because it enables trade between people, which is essential for the development of civilizations. Transport
Transport
infrastructure consists of the fixed installations including roads, railways, airways, waterways, canals and pipelines and terminals such as airports, railway stations, bus stations, warehouses, trucking terminals, refueling depots (including fueling docks and fuel stations) and seaports
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Regional Comprehensive Economic Partnership
Regional Comprehensive Economic Partnership
Regional Comprehensive Economic Partnership
(RCEP) is a proposed free trade agreement (FTA) between the ten member states of the Association of Southeast Asian Nations (ASEAN) (Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, Vietnam) and the six states with which ASEAN
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National Development Policy
The National Development Policy was introduced by Mahathir Mohamad, then Prime Minister of Malaysia, with the intention of enhancing the welfare of Malaysia
Malaysia
compared to the rest of the world.[1] The National Development Policy replaced the Malaysian New Economic Policy (NEP) in 1990 but continued to pursue most NEP policies of affirmative action for bumiputera. The Malay share of the economy, though substantially larger, was not near the 30% target according to government figures. In its review of the NEP, the government found that although income inequality had been reduced, some important targets related to overall Malay corporate ownership had not been met
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Malaysia
Coordinates: 2°30′N 112°30′E / 2.500°N 112.500°E / 2.500; 112.500MalaysiaFlagCoat of armsMotto: "Bersekutu Bertambah Mutu"[1] "Unity Is Strength"Anthem: Negaraku My CountryCapital Kuala Lumpur 3°8′N 101°41′E / 3.133°N 101.683°E / 3.133; 101.683 Putrajaya
Putrajaya
(administrative) 2°56′35″N 101°41′58″E / 2.9430952°N 101.699373°E / 2.9430952; 101.699373Largest city Kuala Lumpur 3°8′N 101°41′E / 3.133°N 101.683°E / 3.133; 101.683Official languages Malay[2]Of
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Malaysian Industrial Development Authority
The Malaysian Investment Development Authority (Malay: Lembaga Pembangunan Pelaburan Malaysia), abbreviated MIDA, previously known as Malaysian Industrial Development Authority is the government's principal agency to oversee and drive investment into the manufacturing and services sectors in Malaysia. Starting operations in 1967, MIDA was given the mandate to promote investments in the manufacturing and services sectors; and to advise the Minister of International Trade and Industry (MITI) on industry matters including the formulation of related policies. Today, MIDA is Malaysia’s cutting-edge, dynamic and pioneering force in opening pathways to new frontiers around the globe
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Permodalan Nasional Berhad
Permodalan Nasional Berhad
Permodalan Nasional Berhad
(PNB)[1] was established on 17 March 1978 as one of the instruments of the Economic Policy (NEP) to re-engineer the economic imbalance in the Malaysia
Malaysia
society. Yayasan Pelaburan Bumiputra (YPB) was set up earlier in January 1978 to formulate the policies and guidelines for Bumiputera equity investment participants. In order to implement its policies, YPB set up PNB as a wholly owned subsidiary. Today, PNB is one of Malaysia’s largest fund management companies, which owns unit trust management companies namely, Amanah Saham Nasional Berhad (ASNB) and Amanah Mutual Berhad (AMB). PNB has grown from strength to strength, with its assets under management (AUM) now reaching RM271 billion, from around RM3.5 billion in 1981
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Khazanah Nasional
Khazanah Nasional
Khazanah Nasional
Berhad is the sovereign wealth fund of the Government of Malaysia. Khazanah holds and manages selected commercial assets of the Government and undertakes strategic investments on behalf of the nation. It is involved in sectors such as power, telecommunications, finance, healthcare, aviation, infrastructure, leisure and tourism, and property, amongst others
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Federal Land Development Authority
The Federal Land Development Authority
Federal Land Development Authority
(FELDA; Malay: Lembaga Kemajuan Tanah Persekutuan) is a Malaysian government agency that was founded to handle the resettlement of rural poor into newly developed areas and to organise smallholder farms growing cash crops. Since the 1990s, it has not established new settlements, but has engaged in a diversified range of economic development and business activities. FELDA has launched a number of private corporate entities
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