Malaysia
Malaysia’s annual gross domestic product growth rate averaged 4.4% from 2000 until 2022.
Following the below-average growth of 3.1% in 2021, the economy rebounded to 8.7% in 2022. A new administration, following the general election in November 2022, intends to pursue rapid economic recovery, emphasizing digitalization and the service sector.
Malaysia is an upper middle-income country with a per capita income of $11,400 in 2021—relatively unchanged since surpassing $10,000 in 2011. The 2021 figure is below the $13,000 threshold to be considered a high-income country. Generally, Malaysians enjoy a good standard of living. The Government of Malaysia signaled its intention to continue its progress in improving inclusion and addressing social challenges by creating equitable economic opportunities, developing human capital, and enhancing infrastructure and public services delivery. Other priorities include improving the competitiveness of small and medium-sized enterprises and supporting poor and vulnerable people while expanding social protection for all, with special interventions in higher education and enterprise development.
In Malaysia, BIMP-EAGA covers the states of Sabah and Sarawak and the federal territory of Labuan.
Sarawak and Sabah are part of the West Borneo Economic Corridor (WBEC), which also includes Brunei Darussalam and West Kalimantan in Indonesia.
Sabah is part of the Greater Sulu–Sulawesi Corridor (GSSC), which also includes North Sulawesi in Indonesia, and Mindanao and Palawan in the Philippines.
BIMP-EAGA Officials and Contacts in Malaysia
BIMP-EAGA Signing Minister
H.E. Rafizi bin Ramli
Minister of Economy
Senior Official
Dato’ Nor Azmie bin Diron
Secretary General
Ministry of Economy
National Secretariat
Dr Mohd Shaharin bin Umar
Director, Regional Development Division
Ministry of Economy
Mr. Paarteeben A/L Subramaniam
Deputy Director II
Regional Development Division
Ministry of Economy
Ms. Siti Noorliza binti Md. Salleh
Principal Assistant Director
Regional Development Division
Ministry of Economy
Mr. Jaymeer Singh A/L Kashimar Singh
Assistant Director
Regional Development Division
Ministry of Economy
Ms. Nur Najihah binti Zainor
Administrative Officer
Regional Development Division
Ministry of Economy
Ms. Nur Diana Fitrah Binti Rahmat
Administrative Officer
Regional Development Division
Ministry of Economy