Country Economic Work for Malaysia - Islamic Development Bank

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Abbreviations and Acronyms ADB : Asian Development Bank AIM : Agensi Inovasi Malaysia APIF : Awqaf Properties Investment Fund ASEAN : Association of Southeast Asian Nations BAP : Business Accelerator Programme BNM : Bank Negara Malaysia CEW : Country Economic Work CGC : Credit Guarantee Corporation CIS : Commonwealth of Independent States CMSA : Capital Market Services Act E² : Enrichment & Enhancement Programme ECER : East Coast Economic Region EIU : Economic Intelligence Unit EPP : Entry Point Projects ETP : Economic Transformation Program EU : European Union FASAS : Federation of Asian Scientific Academies and Societies FDI : Foreign Direct Investment GDP : Gross Domestic Product GHP : Good Hygiene Practices GOM : Government of Malaysia GLC : Government Linked Companies GTP : Government Transformation Programme HDC : Halal Industries Development Corporation HDI : Human Development Index HIPs : High Impact Programmes IAS : Islamic World Academy of Sciences IBFIM : Islamic Banking and Finance Institute Malaysia ICD : Islamic Corporation for the Development of the Private Sector ICIEC : Islamic Corporation for Insurance of Investment and Export Credit ICSU : International Council for Science IDB : Islamic Development Bank IDB Group : IDB, ICIEC, IRTI, ICD, ITFC IDB-MDP : IDB Microfinance Development Programme ICBU : International Currency Business ICM : Islamic Capital Market ICT : Information and Communication Technologies IFAD : International Fund for Agricultural Development IFSB : Islamic Financial Services Board IMF : International Monetary Fund INCEIF : International Centre for Education in Islamic Finance IRDA : Iskandar Regional Development Authority IRTI : Islamic Research and Training Institute
ISRA : International Shari’ah Research Academy for Islamic Finance ISTIC : International Science Technology and Innovation Centre for South South Cooperation ITAP : Investment Technical Assistance Program ITFC : International Islamic Trade Finance Corporation KEI : Knowledge Economy Index KLIFD : The Kuala Lumpur International Financial District MARDI : Malaysia Agriculture Research and Development Institute MATRADE : Malaysian External Trade Development Corporation MC : Member Country MCPS : Member Country Partnership Strategy MDBs : Multilateral Development Banks MDGs : Millennium Development Goals MIDA : Malaysian Investment Development Authority MIGHT : Malaysian Industry-Government Group for High Technology MIFC : Malaysia International Islamic Financial Centre MNCs : Malaysian Multinational Companies MTCP : Malaysian Technical Corporation Programme MTN : Medium Term Note NEM : New Economic Model NCER : Northern Corridor Economic Region NCIA : Northern Corridor Implementation Authority NKEA : National Key Economic Areas ODI : Overseas Development Institute OEM : Original Equipment Manufacturing OIC : Organization of Islamic Conference OIC-CERT : OIC-Computer Emergency Response Team PFI : Private Finance Initiative PIA : Promotion of Investment Act PPP : Public Private Partnership RBF : Results Based Framework RENTAS : Real-time Electronic Transfer of Funds and Securities REITs : Islamic Real Estate Investment Trusts ROKL : Regional Office Kuala Lumpur R & D : Research and Development SAC : Shariah Advisory Council SARS : Severe Acute Respiratory Syndrome SCORE : Sarawak Corridor of Renewable Energy SDC : Sabah Development Corridor SEZ : Special Economic Zones SEAP : SME Expert Advisory Panel SIP : SME Investment Programme SMEs : Small and Medium Size Enterprises SRI : Strategic Reform Initiatives TWAS : Academy of Sciences for the Developing World UNCTAD : United Nations Conference on Trade and Development
Page 4: Acknowledgements Appreciation for s
Page 9 and 10: (v) Foreign Direct Investment……
Page 11 and 12: (2005)), key insights emerged in tw
Page 13 and 14: drain. Further, the Government need
Page 15 and 16: macroeconomic indicators are given
Page 17 and 18: SMEs are concentrated in the servic
Page 19 and 20: easy technology adoption, pro-busin
Page 21 and 22: Kelantan with the lowest per capita
Page 23 and 24: Figure 1.12. General Growth Diagnos
Page 25 and 26: that the Government’s Economic Tr
Page 27 and 28: (ii) Low Returns to Investments app
Page 29 and 30: Figure 1.22. Malaysia's Exports by
Page 31 and 32: 43. Malaysia’s private firms are
Page 33 and 34: over the medium-term. Several initi
Page 35 and 36: growth software compared to its maj
Page 37 and 38: esearchers and technicians in R&D p
Page 39 and 40: 59. Malaysia can further enhance it
Page 41 and 42: Annex Table 1.2. Malaysia: MDGs Ach
Page 43 and 44: 64. The Malaysian experience has al
Page 45 and 46: economic growth. The ETP is expecte
Page 47 and 48: 77. According to the Global Competi
Page 49 and 50: development of infrastructure throu
Page 51 and 52: a. Northern Corridor Economic Regio
Page 53 and 54: The challenge is for financial inst
Page 55 and 56:
Original Equipment Manufacturing (O
Page 57 and 58:
Intensify formalisation to promote
Page 59 and 60:
Sukuk market has experienced unprec
Page 61 and 62:
For innovation to become an importa
Page 63 and 64:
y the United States (MYR2.3 billion
Page 65 and 66:
(vi) (vii) Sharing Eexperience and
Page 67 and 68:
institutions as well as Islamic pro
Page 69 and 70:
Liberal Foreign Exchange Administra
Page 71 and 72:
Issues/Challenges Facing the Islami
Page 73 and 74:
Funding from Government of Malaysia
Page 75 and 76:
programmes in the country. Initiati
Page 77 and 78:
labeling and branding of Halal prod
Page 79 and 80:
to over 200 industrial estates or p
Page 81 and 82:
member countries can be provided te
Page 83 and 84:
Figure 6.5: MATRADE Business Strate
Page 85 and 86:
offered by the 35 MTCP training ins
Page 87 and 88:
case of the economies in transition
Page 89 and 90:
Key Challenges Facing the MTCP
Page 91:
iii. Conclusion 185. Above diagnost
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Country Economic Work for Malaysia - Islamic Development Bank

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