1. Although the weak ringgit has made Malaysia an inexpensive market for foreign investors, the country remained a resilient economy despite having been affected by global financial volatilities. Oil and gas, biotechnology and electrical and electronics are among the sectors on a list of National Key Economic Areas.
2. The government has singled out chemicals, E&E and machinery and equipment under the 11MP to drive the manufacturing sector’s transition to high-value, high-technology production. Along with these industries, other industries such medical devices and aerospace have been identified as segments with potential for substantial levels of growth. 11MP targets the manufacturing sector to grow at 5.1% per annum and contribute 22.5% to GDP, as well as 18.2% of total employment by 2020.