Pestel Analysis of Malaysia

4568 Words Mar 25th, 2013 19 Pages
PEST ANALYSIS OF MALAYSIA. The Multiple Racial Country
Now lets talk about Malaysia. This South East Asian Country is very dynamic, multiracial and highly cultural. We shall make a PEST Analysis of the Country and find some facts about them.

Political
Economical ANALYSIS
Social
Technological

| Malay
Chinese
Indians | MALAYSIA

Malaysia in the 21st century is confident in its economic achievements and aspires to be a leader amongst Asian nations. Since achieving independence in 1957, it has enjoyed substantial success in reducing the rate of poverty, which stood at 3.7 percent in 2007, accelerating growth, which was an impressive 6.5 in 2010, and maintaining a democratic political system. Malaysia
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• State Governments

The state governments are led by chief ministers, nominated by the state assemblies and advising their respective sultans or governors. There are 13 states and three federal territories which are Kuala Lumpur, Labuan Island and the Putrajaya federal administrative territory. Each of these states has an assembly and government headed by a chief minister. Nine of these states have hereditary rulers, generally titled 'sultans', while the remaining four have appointed governors in counterpart positions.

• TAXES

The major proportion of government revenue comes from taxes, totaling 76 percent of revenue in 1999 (46 percent from direct taxes and 30 percent from indirect taxes). In 1999, the income tax rate was 28 percent for both resident and non-resident companies; however, companies resident in Malaysia have tax exemption on income brought in from abroad. The Malaysian government has introduced a number of initiatives for manufacturing activities, tourism, the agricultural sector, transportation, and communication.

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Malaysia Economic Analysis

To understand Malaysia’s economy, it is imperative to analyze one of the most important factors of the change which happened in the country’s economy during the 22 years when Dr Mahathir bin Mohamad was Prime Minister. During his term, Tun Dr Mahathir bin Mohamad, responsible for several other

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