Malaysia Business
• Main exports: Electrical equipment, petroleum, liquefied natural gas, wood and wood products and palm oil.
• Main imports: Electronics, machinery, petroleum products, plastics and vehicles.
• Main trade partners: USA, Japan, Singapore, China and Hong Kong.
Economy
Healthy foreign exchange reserves, low inflation and a small external debt are all strengths that make it unlikely that a financial crisis similar to 1997 will re-occur. The Ringgit/US Dollar peg was abolished in July 2005. This has not resulted in any major change to the exchange rate.
Malaysia is a member of the Pacific Rim organisation APEC (Asia-Pacific Economic Forum), which is assuming an increasingly important role in the regional economy.
Business Etiquette
Office hours: These vary between Peninsular Malaysia and East Malaysia. In general most private sector offices are open Mon-Fri 0900-1700 and Sat 0900-1300, but many private sector companies operate a five-day week.
Government office hours: 0830-1630.
Conferences & Conventions
Business Contacts
6A, 6th Floor, Menara BGI, Plaza Berjaya, 12 Jalan Imbi, 55100 Kuala Lumpur.
Tel: (03) 2141 9600.
Website: www.nccim.org.my
Malaysian International Chamber of Commerce and Industry (MICCI)
PO Box 12921, 50792 Kuala Lumpur, Malaysia
Tel: (03) 6201 7708.
Website: www.micci.com
Malaysian Industrial Development Authority (MIDA)
Block 4, Plaza Sentral, Jalan Stesen Sentral 5, 50470 Kuala Lumpur, Malaysia
Tel: (03) 2267 3633.
Website: www.mida.gov.my
Malaysian External Trade Development Corporation (MATRADE) in the UK
17 Curzon Street, London W1J 5HR, UK
Tel: (020) 7499 5255.
Website: www.matrade.gov.my
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