Malaysia an international hub for the halal industry, is expected to sign deals worth some RM3.8 billion during Halal Malaysia Week, says Prime Minister Najib Razak.((
Despite the global economic climate, Malaysia continued to attract tourists from around the world last year.Record of Immigration Department showed that 21.5 million tourists arrived between January- November 2009
Kelantan which have its lush tropical forests, rivers and waterfalls, saw an increase in the number of tourist arrivals increase by 88,240 in 2008 to 107,000 last year.
Malaysia's outsourcing industry is expected to grow between 15 and 20 per cent this year.Malaysia is currently ranked third in the Asia Pacific region for outsourcing according to research firm AT Kearney. The country's success in the industry is due in part to the wide range of language skills in the country including Malay, English, Chinese and Tamil.
Malaysia External Trade and Development Corporation says that Malaysia should focus on environmentally-friendly and renewable products to take advantage of demand in the European Union.
Malaysia is to focus on 12 National Key Economic Areas (NKEAs) to boost the economy.Prime Minister's Department of "Economic Planning Unit" says in the 10th Malaysia Plan says the areas were chosen on the basis of contribution to high income, sustainability and inclusiveness.
Under Malaysia's Five-Year Plan for growth, the country is launching a range of incentives to attract skilled foreign workers and boost its human capital. The Prime Minister Razak Najib is ready to spend $72 billion on economic development and other programs.
Tourism industry of Malaysia, has for the first time ever, been the included in the country's Five-Year Plan and is now regarded as a major part of the economy, said Tourism Minister Datuk Seri Dr Ng Yen Yen.
Bank Negara Malaysia's deputy governor Datuk Mohd Razif Abd Kadir told reporters that the issuance of two Islamic banking licences with US$1 billion capital, We will significantly boost the country's position as a hub for Islamic finance later this year.
Defence Minister of malaysia Datuk Seri Dr Ahmad Zahid Hamidi says that countries in the Asia Pacific region should start talks on ways in which they can collaborate on disaster relief missions.