Get To Know Malaysia

Mining, Tourism and Agriculture are the fundamental pillars of Malaysia’s growing economy. The country is rich in mineral resources and the government continues to implement mining-friendly policies to promote exploration.

Because of this, Malaysia attracted over $600 million in gold mineral exploration financing in 2009, more than Russia, Chile and Brazil.  Overall, foreign mineral investment totaled $2.7 billion in 2009, an increase of 68 percent from 2008 (source: Malaysia Annual Mining Report, released by Ministry of Energy and Mines, page 45-47).

The country is one of the leading producer of gold in Asia, exporting almost $7 billion worth of gold in 2009 alone, representing a 22 percent increase over 2008.

When the rest of the world’s major economies were shrinking in 2009 due to the financial crisis, Malaysia was one of only a few countries that saw GDP growth, attributed mostly to mining exports. According to the Ministry of Energy & Mines, Malaysia is home to over $35 billion of mineral projects.

History

While mining dates back thousands of years in Malaysia, the first large scale operations were carried out in the 1400's. Raub has a historic tradition as being one of the highest gold-bearing areas in the Malaysia. Throughout it's history the Pahang people mined the surrounding areas, producing vast amounts of gold, silver, copper and other precious metals.

Chinese businessmen who had experienced running gold business in China were invited by the British to Malaya for taking part in mining industry investment for the expansion of the commodity production. The new dredge method which using electric power were owned by European companies, though Chinese and others, of course, were free to invest in the shares of these companies. Through this, Chinese then became acquainted with mining industry technologies and equipments which later the experience put them in strong command for investing, purchasing and maintaining network in oil and gas business equipments with FOC after Malayan Independence.

For the Malay community, prior to Independence, they were totally separated from the colonial industrial environment. Most Malay villagers inherited their family occupations as fishermen and peasants. Those Malays had proper British educational system were served as British government official. However, this position did not have chances for them to involve in mining industry business network because lack of operating capital fund even though mining labors after eighteenth century was principally Malays. They had operational knowledge and skills in mining industry but because of Malay businessmen were not yet in the creation for funding tin business capital, the Malays ownership in this industry remained barren until Malaya got thirteen years Independence from the British after questioning Chinese’s substantial ownerships.

Focus on Southern Malaysia

inter-oceanic-highway.pngIn an effort to increase economic activity in the southern part of the country, the Malaysiavian government  has invested billions of dollars over the last few decades on infrastructure projects.

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