The 2011 Budget signals troubling reliance on private growth. Without economic decentralisation and public sector expansion, Malaysia risks stalling in the middle-income trap.
When reports say that the economy is growing at six per cent, this number is the change in the real (i.e. adjusted for inflation) gross domestic product (GDP) over a one-year period.
THE BANK NEGARA REPORT on the economic performance of the nation in 2010 was released in March 2011. To date, SERI is the only Malaysian institution that analyses the central bank’s figures in the...
According to the Economic Intelligence Unit of The Economist, Vancouver topped the World’s Most Livable Cities list in 2011 for the second consecutive year based on five main criteria: stability, healthcare, culture and environment, education and infrastructure.
On June 30, 2011, the National Wage Consultative Council Act 2011 was passed after four hours of debate. It replaces the Wages Council Act 1947 and will assess wage levels by sectors, types and regions in preparation for a national minimum wage policy by the end of the year.
The Malaysian flag, now affectionately called the Jalur Gemilang, raised at the Stadium Merdeka in 1957 when Malaya became a new nation, bears a close resemblance to the American Stars and Stripes. The Malaysian flag’s red and white stripes represent one state each as do the star’s 13 points.