Malaysia is large country in Asia with a significant economy, which looks set to grow into the future. It is likely to be a popular destination in business travel for some time to come.
Malaysia is a country in two halves, separated by 640 miles of sea. Peninsular Malaysia shares a border with Thailand, while East Malaysia occupies most of the northern end of the island of Borneo. The country is multi-ethnic, with Malay and Chinese being the two main ethnic groups. Although the communities tend to exist separate from each other, they do so harmoniously. The business traveller looking for serviced apartments in Malaysia is most often coming to the capital, Kuala Lumpur, close to the western coast of Peninsular Malaysia.
The country has one of the best economies in the area, thanks largely to years of political stability and steady growth. Industrial export is a significant part of the economy, predominantly electronics and natural products like petroleum, rubber and palm oil. Tourism and banking – particularly for Islamic countries – have both increased in recent years, as the government attempts to diversify the economy to ensure a similar level of growth well into the future. Although Islam is the state religion, the country’s constitution guarantees religious freedom. Indeed, Malaysia is an outward-looking country, participating in various alliances and examples of international cooperation, both with other Islamic countries and beyond.