Reasons for Investing in Malaysia Essay Example | Topics and Well Written Essays - 750 words

Reasons for Investing in Malaysia - Essay Example It has long coastlines on both peninsulas. 63.6% of the population is between the ages of 15-64 years. The currency is the ringgit whose value fluctuates seasonally at between 3.3 and 3.8 to the US dollar. Malaysia is a highly stable country. It takes on a Westminster democratic structure of governance with Sultan Mizan Zainal Abidin as the ceremonial monarch and head of State. The Prime Minister Mohammed Najib bin Abdul Razak is the current prime minister and head of government. The premier rises to power by virtue of leading the largest party in the lower House of Representatives. In the bicameral representation structure, there is an upper house consisting of 70 Dewan Negara (Senators) and (Dewan Rakyat) the lower house with 222 elected representatives. This structure has ensured stability and continuity. Before British rulers united it, Malaysia consisted of several autonomous states. The British joined them into the Federation of Malaya later to be known as Malaysia. After independence in 1963, there was a brief period of armed conflicts, which came to an end after the renegade state of Singapore was expelled from the federation. Since then, the country has been very stable. The majority of the population is made up of Malays with significant portions of Chinese and Indians. Malay is the official language while Islam is the official religion. However, Islamic law is only applied to the Muslims in matters concerning family and religious issues such as divorce, custody, and inheritance only. (Zainal et al 1994) Another obvious advantage is that the level of bureaucracy in Malaysia, especially when establishing a new business, is low and user-friendly. It takes about two or three licenses to invest depending on the nature of the intended business. Malaysia is classified as a medium developing country.