Browse Data and Analysis

The COVID 19 pandemic in Malaysia saw most government agencies operating at minimum staffing with most working from home throughout 2020 and 2021. This has severely impacted the number of GE events approved by the National Biosafety Board (NBB).

Malaysia has a dynamic hotel and restaurant industry. Changing lifestyles and growing middle class underpins demand.

With per capita income of over $10,800 and a middle and upper class making up 50 percent of the population, Malaysia shows good potential for growth as a market for high value consumer products.

Introduction of a 6 percent Goods and Services Tax (GST) on April 1, 2015 increased costs and discouraged transshipment of cotton from Malaysia to nearby regional markets.