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The average household income of Malaysia increased by 18% to RM5,900 a month, compared to RM5,000 in 2012. According to a HSBC report in 2012, Malaysia will become the world's 21st largest economy by 2050, with a GDP of $1.2 trillion (Year 2000 dollars) and a GDP per capita of $29,247 (Year 2000 dollars).
Prostitution in Malaysia. Prostitution in Malaysia is restricted [1] [2] [3] in all states despite it being widespread in the country. [4] Related activities such as soliciting and brothels are illegal. [1] [2] In the two states of Terengganu and Kelantan, Muslims convicted of prostitution may be punishable with public caning.
The currency's value fell from an average of 3.20 MYR/USD in mid-2014 to around 3.70 MYR/USD by early 2015; with China being Malaysia's largest trading partner, a Chinese stock market crash in June 2015 triggered another plunge in value for the ringgit, which reached levels unseen since 1998 at lows of 4.43 MYR/USD in September 2015, before ...
Malaysia has a low official unemployment rate of 3.9%. [195] Its foreign exchange reserves are the world's 24th-largest. [196] It has a labour force of about 15 million, which is the world's 34th-largest. [197] Malaysia's large automotive industry ranks as the world's 22nd-largest by production. [198]
As of 3 November 2022 Malaysian Ringgit (symbol: RM, currency code: MYR) is equivalent to 0.211 United States dollar [ 3] or 0.213 Euros. [ 4] In 2023, Selangor contributed 25.9% of Malaysia's GDP, followed by Kuala Lumpur (15.9%) and Johor (9.5%). [ 5] GDP per capita also varied widely across the country, with Kuala Lumpur, Labuan, Penang and ...
Biometric passport. British-era Federation of Malaya passport issued in 1957. Malaysia was the first country in the world to issue biometric passports in March 1998, after a local company, IRIS Corporation, developed the technology. [ 3] In December 2002, thumbprint data was added to the biometric data on the passport chip.
This article contains a complete list of Michelin-starred restaurants in Malaysia. The Malaysia guide was first launched in December 2022. The 2023 edition is the inaugural edition in Malaysia, covering Kuala Lumpur and Penang. [ 1][ 2] There are currently five restaurants with a Michelin star rating. [ 3]
The Goods and Services Tax ( GST) is an abolished value-added tax in Malaysia. GST is levied on most transactions in the production process, but is refunded with exception of Blocked Input Tax, to all parties in the chain of production other than the final consumer. The existing standard rate for GST effective from 1 April 2015 is 6%.