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Malaysia's benchmark crude oil, Tapis Blend, is a light and sweet crude oil, with an API gravity of 42.7° and a sulphur content of 0.04% by weight. Malaysia held 87.8 trillion cubic feet (Tcf) of proven natural gas reserves as of 2021, and was the third-largest natural gas reserve holder in the Asia-Pacific region after China and Indonesia ...
The following table is the list of the GDP of Malaysian states released by the Department of Statistics Malaysia. [7] [8]Data for 2023 estimates (US$ 1 = MYR 4.56 at 2023 average market exchange rate, [9] international $ (I$) using 2023 PPP conversion factor from World Bank (I$ 1 = MYR1.43) [10])
COVID-19 pandemic in Malaysia. Yang di-Pertuan Agong Al-Sultan Abdullah declares state of emergency to curb the spread of COVID-19. [26] Home Affairs Minister Hamzah Zainuddin tests positive for COVID-19. [27] Malaysia records the highest COVID-19 tally in a day with 3,309 cases. [28] 13 January Fire at Andaman Hotel in Langkawi brought under ...
Many businesses experienced a turnaround after 1 April 2022 when Malaysia entered its transition and economic recovery phases. While food and beverage retailers rebounded, many department stores faced competition from online retailers. [7] On 3 August 2023, the World Bank praised Malaysia's post-COVID-19 economic recovery performance. While ...
The Twelfth Malaysia Plan (Malay: Rancangan Malaysia Kedua Belas), otherwise known as the 12th Malaysia Plan and abbreviated as "12MP", is a comprehensive blueprint prepared by the Economic Planning Unit (EPU) of the Prime Minister's Department (PMO) and the Ministry of Finance. [1]
The New Economic Policy (NEP) which began with the Second Malaysia Plan (1971–1975) and lasted until the Fifth Malaysia Plan (1986–1990), had three main objectives, namely: [1] To achieve national unity, harmony and integrity; Through socio-economic restructuring (of the society) To minimize the level of poverty in the country (poverty ...
[21] [22] Despite the adverse external environment arising from geopolitical tensions and the outbreak of the Severe Acute Respiratory Syndrome (SARS), the Malaysian economy maintained its growth momentum, with growth in the first half of 2003 reaching 4.5 per cent, significantly higher than the 2.6 per cent recorded during the same period in 2002.
Malaysia claims an exclusive economic zone (EEZ) of 334,671 km 2 (129,217 sq mi) with 200 nautical miles (370.4 km; 230.2 mi) from its shores. The EEZ includes much of the southern area of the South China Sea. [1] Malaysia has the 29th longest coastline of 4,675 km (2,905 mi). The coastline comprises two distinct parts of Malaysia.