US-ASEAN Business Council

Malaysia was formed in 1963 through a merging of the former British colonies of Malaya and Singapore, including the East Malaysian states of Sabah and Sarawak on the northern coast of Borneo.

Malaysia, a middle income country, transformed its economy from 1971 through the late 1990s from relying primarily on the production and export of raw materials, into one of the world's leading trading nations in electronics and information technology (IT) goods. This success has been attributed to a development model based on private sector led growth, with social equity.

Today, utilizing its diverse resource base (energy, raw materials, manufactured goods and information technology products ) and coupled with healthy foreign exchange reserves and relatively small external debt, Malaysia continues its economic success via the promotion of both domestic and foreign based growth engines to help Malaysia achieve its goal of becoming a "developed" nation by the year 2020.

For more information on our Malaysia affairs, please contact:
Marc Mealy
Senior Director, Brunei, Malaysia, and Philippines Affairs
Coordinator, Financial Services Working Group
mmealy@usasean.org

The US-ASEAN Business Council serves as the Secretariat for the US-Malaysia Free Trade Agreement Business Coalition launched on March 8, 2006 in Washington, DC. Please click here to visit the Coalition's page.

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May 19: Members Dialogue with Tan Sri Muyiddin Yassin, Malaysia’s Minister of International Trade and Industry. New York, NY. Contact: Marc Mealy at mmealy@usasean.org

December: Malaysia Business Mission (Tentative). Malaysia. Contact: Marc Mealy at mmealy@usasean.org

more upcoming events

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PM Abdullah Admits that Government Procurement needs Transparency The Edge, May 1

$5 Billion Oil Refinery Project to Launch in Malaysia The Edge, Apr 29

IBM's New ASEAN Regional Contact Center Opens in Malaysia The Star, Apr 28

Domestic Fuel Subsidy Reductions in Malaysia are Explored Business Times, Apr 24

Malaysia's National Minister of Science and Technology seeks cooperation with Opposition Led State Governments The Edge, Apr 23

Study: Elephants thought extinct may have survived AP, Apr 17

Malaysia's deputy prime minister denies that the government is on the brink of collapse IHT, Apr 17

more headline news

2007 Business Mission to Malaysia

Johor and Kuala Lumpur
November 12-15, 2007

The US-ASEAN Business Council kicked off its annual Business Mission to Malaysia this year with a site visit to Johor, where the delegation met with Senior IDR's officials and a day long tour of the area. In KL, the delegation met with H.E. Prime Minister Abdullah Badawi (top picture, center), H.E. Tan Sri Nor Mohamed Yakcop (Minister of Finance II -- bottom picture, left), and H.E. Rafidah Aziz (Minister of Trade), and other senior officials. The mission was co-led by US-Malaysia Business Council's Chairman Joseph Alhadeff of Oracle Corporation and US-ASEAN Business Council's President Matthew Daley. The delegation consisted of senior executives from ten member companies.

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US-Malaysia Business Council's
Chair:

Joseph Alhadeff,
Oracle

Vice Chair:

Orit Frenkel,
General Electric Company

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GDP: $357.9 billion (2007 est.)
GDP Growth Rate: 5.8% (2007 est.)

Export-Import
U.S. export to Malaysia: $ 11.7 billion (2007)
U.S. import from Malaysia: $ 32.8 billion (2007)

Currency Rate

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H.E. Datin Paduka Dr. Rajmah Hussain
Ambassador of Malaysia to the United States

The Honorable James Keith
United States Ambassador to Malaysia