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Malaysia truly Asia Introduction Malaysia was established in September 1963 through the union of the Independent Federation

of Malay, the former British colonies of Singapore and the East Malaysian States of Sabah and Sarawak. Over the last few decades the country has evolved from a successful producer of raw materials to a multisector economy. Today, Malaysia offers a unique blend of old traditional culture and new technological innovations. In 1957, the Federation of Malaya was declared as an independent federation of the Malay states on the Malay Peninsula.[24] The name "Malaysia" was adopted in 1963 when the existing states of the Federation of Malaya, plus Singapore, North Borneo and Sarawak formed a new federation, with "si" being added to Malaya in honour of the three joining states Malaysia is been a meeting place for a diverse range of external cultures and religions, a new combined but distinguished Malay culture has emerged. Existing Malaysia represents a unique fusion of Malay, Chinese, and Indian traditions, creating a multicultural nation that has its personality strongly rooted in social harmony, religion and pride in its ancestral background. With such a rich cultural heritage, acquiring the relevant skills and cultural knowledge in order to conduct business in Malaysia is crucial to your success.

Governance Malaysia is a federal constitutional elective monarchy. The system of government is closely modelled on that of the Westminster parliamentary system, a legacy of British colonial rule The Prime Minister is both the head of cabinet and the head of government. The incumbent, Najib Razak, appointed in 2009, is the sixth prime minister Subdivisions Malaysia is a federation of 13 states and three federal territories. These are divided between two regions, with 11 states and two federal territories on Peninsular Malaysia and the other two states and one federal territory in East MalaysiaThe 13 states are based on historical Malay Kingdoms, and 9 of the 11 Peninsular states, known as the Malay states, retain their royal families. The King is elected by and from the nine rulers to serve a five-year term Geography Malaysia is the 67th largest country by total land area, with a land area of 329,847 square kilometres (127,355 sq mi). It has land borders with Thailand in West Malaysia, and Indonesia and Brunei in East Malaysia. Biodiversity Animals A high number of endemic bird species are also found in Malaysian Borneo. 250 reptile species have been recorded in the country, with about 150 species of snakes and 80 species of

lizards. There are about 150 species of frogs, around thousands of insect species and around 600 coral species and 1200 fish species. Fungi Nearly 4000 species of fungi, including lichen-forming species have been recorded from Malaysia. About two thirds of Malaysia is covered in forest, with some forests believed to be 130 million years old Conservation issues The Malaysian government aims to balance economic growth with environmental protection, but has been accused of favouring big business over the environment. Some state governments are now trying to counter the environmental impact and pollution created by deforestation; and the federal government is trying to cut logging by 10 per cent each year. 28 national parks have been established; 23 in East Malaysia and five in the Peninsular. Tourism has been limited in biodiverse areas such as Sipadan island. Animal trafficking is a large issue, and the Malaysian government is holding talks with the governments of Brunei and Indonesia to standardise anti-trafficking laws Culture Malaysian culture is centred on the diverse religious values of Hinduism, Buddhism, and Islam and as such relies heavily on the concept of fatalism. Fatalism is the belief that success, failures, opportunities and misfortunes result from fate or the will of God. In a business context, when formulating ideas and making decisions Malays, who are Predominantly Muslim, will tend not to rely on empirical evidence or hard facts, but prefer to be guided by subjective feelings combined with the Islamic faith. Youre Chinese and Indian Colleagues will also take a similar approach since feelings and emotions play a significant part in their business culture. Consequently, negotiations may take longer than expected and your Malaysian counterparts will view decision making in a more personal light. Working practices in Malaysia When scheduling business meetings in Malaysia one must take into consideration the importance of prayer times in this predominantly Muslim country. Fridays are a particularly religious day of the week and if possible meetings should not be scheduled for this time. Attitude to punctuality varies according to which nationality you are doing business with. If your business in Malaysia requires interaction with Malaysian government officials, ensure that all communication takes place in the language of Bahasa Malaysia.Malaysian companies generally follow a vertical hierarchical structure where authority is directed from the top. They are important for employees in order to emphasise the line of authority within the business. Working Relationships in Malaysia Malaysians respect for authority is evident in most business dealings. The relationship between subordinates and their superiors for example Malaysians do not address their bosses by their first name, but use titles such as Mr and Madam followed by their honorific form of address. Relationships between Malaysian business colleagues are based on mutual respect

(Extra) Places we will be visiting in Malaysia: 1. Malaysian stock exchange 2. Central Bank of Malaysia 3. Port Klang 4. Tourism Malyasia 5. Bank Erayat 6. Malaysian University 7. Malaysian institute of supply chain

Malaysian stock exchange In 1964, the Stock Exchange of Malaysia was established. With the secession of Singapore from Malaysia in 1965, the Stock Exchange of Malaysia became known as the Stock Exchange of Malaysia and Singapore. In 1973, currency interchangeability between Malaysia and Singapore ceased, and the Stock Exchange of Malaysia and Singapore was divided into the Kuala Lumpur Stock Exchange Berhad and the Stock Exchange of Singapore. The Kuala Lumpur Stock Exchange which was incorporated on December 14, 1976 as a company limited by guarantee, took over the operations of the Kuala Lumpur Stock Exchange Berhad in the same year. In 1998, as one of the attempts to weather the 1997 Asian financial crisis, it fully suspended the trading of CLOB (Central Limit Order Book) counters, indefinitely freezing approximately US$4.47 billion worth of shares and affecting 172,000 investors, most of them Singaporeans. [3][4][5] On April 14, 2004, Kuala Lumpur Stock Exchange was renamed Bursa Malaysia Berhad

Central Bank of Malaysia

Bank Negara Malaysia (BNM; literally National Bank of Malaysia, officially Central Bank of Malaysia) is the Malaysian central bank. Established on January 26, 1959 as the Bank Negara Malaya, its main purpose was to issue currency, act as banker and adviser to the Government of Malaysia and regulate the country's credit situation. Its headquarters is located in Kuala Lumpur, the federal capital of Malaysia.

Port Klang Port Klang is a town and the main gateway by sea into Malaysia.[2] Colonially known as Port Swettenham, it is also the location of the largest and busiest port in the country. As such, its economic progress has been greatly influenced by the port activities in its area. It is located about 6 kilometres (3.7 mi) southwest of the town of Klang, and 38 kilometres (24 mi) southwest of Kuala Lumpur.

Located in the District of Klang, it was the 13th busiest transshipment port (2004) and the 16th busiest container port (2007) in the world. It was also the 26th busiest port in by total cargo tonnage handled in 2005.