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Travel Information (
Malaysia Economy )
Economy
A fully-fledged ‘tiger' economy, from the 1970s onwards Malaysia's GDP grew rapidly at around 10% annually. However, in 1997 the Asian financial crisis brought this process to a shuddering halt. Malaysia has recovered reasonably well since then, although the headlong pre-1997 expansion has been replaced by a more measured pace of growth of around 4 to 5.5% each year, reaching 6.3% in 2007. Inflation was around 3% in 2007.
Healthy foreign exchange reserves, low inflation and a small external debt are all strengths that make it unlikely that a financial crisis similar to 1997 will re-occur. The Ringgit/US Dollar peg was abolished in July 2005. This has not resulted in any major change to the exchange rate.
Malaysia is a member of the Pacific Rim organisation APEC (Asia-Pacific Economic Forum), which is assuming an increasingly important role in the regional economy.
Business Etiquette
Suits are acceptable for business meetings. Business visitors should remember that the Malay population is predominantly Muslim and religious customs should be respected and normal courtesies observed, eg appointments, punctuality and business cards. Present your business card with both hands.
Office hours: These vary between Peninsular Malaysia and East Malaysia. In general most private sector offices are open Mon-Fri 0900-1700 and Sat 0900-1300, but many private sector companies operate a five-day week.
Government office hours: 0830-1630.
Conferences & Conventions
Malaysia has rocketed up the international conventions league table in the past couple of years. The primary venue is the Kuala Lumpur Convention Centre, a large and very modern facility in the heart of the KLCC district (website: www.klccconventioncentre.com), which opened in 2005. Many hotels around the country also offer event facilities. Further information can be obtained from Tourism Malaysia, Convention Promotion Division
The four-star hotel in the heart of Kuala Lumpur offers a perfect base close to the city’s famous attractions and shopping areas. The gigantic Petronas Twin Towers are just a ten-minute walk from the hotel. A host of shops, restaurants, and cafes on the famous Bukit Bintang street and Kuala Lumpur City Center, or KLCC, are also within walking distance. The Pavilion Plaza, the latest addition to the city’s already impressive list of shopping malls, is also located conveniently close to the Prince Hotel. End your day of serious retail therapy with an astounding view of the world’s tallest twin towers from the window of your room at the Prince Hotel. Reservations at Prince Hotel are simple via our secure online booking form. Just enter your desired dates and submit.
This hotel enjoys a strategic location in Kuah Town on the Malaysian island of Langkawi, just minutes from the ferries that travel to the mainland. The Citin Hotel is also close to many duty free shop and Pantai Chenang, a well-known beach in the area where guests can enjoy swimming, sunbathing and various water activities. Travelers who stay at this small hotel have three different rooms to choose from including Superior, Deluxe and the Family Room, each has amenities that include air-conditioning, televisions, hot showers and other essential items. When you're ready to book a room at Citin Hotel , please enter your travel dates into the secure online booking form and click.
Located on Jalan Pudu, the Citin Hotel is opposite the Puduraya Bus Terminal and witing walking distance from several LRT stations. Also, nearby is the shoppers paradise-Jalan Bukit Bintang, Central Market and Kuala Lumpur’s Chinatown or Jalan Petaling. All rooms come equipped with a 25" TV with cable, hot shower, basic bathroom amenities and keycard locking. When you're ready to book a room at Citin Hotel Pudu, please enter your travel dates into the secure online booking form and click.
This tropical beach resort, situated just 40-minutes from Kota Kinabalu, is nestled on a five kilometer stretch of pristine coastline. Guests will enjoy a myriad of available recreational activities, including seaside activities such as scuba diving, snorkeling, and beachcombing. The resort includes six function halls, perfect for any social event. The on-site dining options are vast as well, with a choice of Malay, Chinese, and western cuisine that is served in a romantic ambience. The Tuaran Beach Resort is the perfect venue for travelers that want tropical beach access, modern chalets, and a wide selection of on-site facilities.
With blue and white vertical stripes as its fa?ade, Mega Hotel is hard to miss and located right in the heart of Miri City. There is easy access to business and entertainment areas and guests have more than enough recreation options to enjoy their vacation. Accommodation is available as superior and deluxe rooms or junior, executive, apartment and presidential suites. In-room facilities include satellite color TV, mini bar and Wi-Fi internet and are furnished in contemporary comfortable decor. The Chatterbox Coffee House and Lotus Court Chinese Restaurant serve delectable International and regional cuisines and The Bakery caf? is great for oven fresh savories.
