MALAYSIA.

Population -Dec 2007 estimate - 27,544,000
GDP -2007 estimate -$357.9 billion
GDP per Capita - $14,400
HDI (2007) - 0.811
Currency - Ringgit (RM)

Malaysia is a federation of 13 states and 3 federal territories in South East Asia with a total landmass of 329,847 km². The Capital City is Kuala Lumpur and the seat of the federal government is Putrajaya. The country is separated into 2 regions – Peninsular Malaysia and Malaysia Borneo by the South China Sea. Malaysia borders include Thailand, Singapore, Indonesia, Brunei and the Philippines. As it located near the equator, Malaysia’s weather is characterized by Tropical Climate. Malaysia was once a colony of the United Kingdom and it gained its independence on 31/8/1957. The population of Malaysia is approximately 25 million.The Malays forms the majority of the population while there are sizable Chinese and Indian communities. Islam is the largest as well as the official religion of the federation. The Malay language is the official language of the country.

Education:

Malay College Kuala Kangsar (MCKK) is one of the earliest boarding schools to be established in British Malaya.

University of Nottingham, Malaysia Campus.
Education in Malaysia is monitored by the federal government Ministry of Education.[56]
Most Malaysian children start schooling between the ages of three to six, in kindergarten. Most kindergartens are run privately, but there are a few government-operated kindergartens.
Children begin primary schooling at the age of seven for a period of six years. There are two major types of government-operated or government-assisted primary schools. They are the national schools (Sekolah Kebangsaan) which use Malay as the medium of instruction, and the national-type schools (Sekolah Jenis Kebangsaan) which use either Chinese or Tamil as the medium of instruction. Before progressing to the secondary level of education, students in Year 6 are required to sit for the Ujian Pencapaian Sekolah Rendah (UPSR), or Primary School Assessment Examination. An exam called Penilaian Tahap Satu (PTS), First Level Assessment, was used to measure the ability of bright students, and to allow them to move from Year 3 to 5, skipping Year 4.[57] This exam was removed in 2001.
Secondary education in government secondary schools last for five years. Government secondary schools use Malay as the main medium of instruction. The only exceptions are the Maths and Science subjects as well as languages other than Malay. At the end of the third year or Form Three, students sit for the Penilaian Menengah Rendah (PMR), Lower Secondary Assessment. The combination of subjects available to Form 4 students vary from one school to another. In the last year (Form 5), students sit for Sijil Pelajaran Malaysia (SPM), Malaysian Certificate of Education, which is equivalent to the British Ordinary or 'O' Levels (now referred to as GCSE). The oldest in Malaysia is Penang Free School. Penang Free School is also the oldest school in South East Asia.
Mathematics and Science subjects in government primary and secondary schools such as Biology, Physics, Chemistry are taught in English. The reasoning was that students would no longer be hindered by the language barrier during their tertiary education in fields such as medicine and engineering.
There are also 60 Chinese Independent High Schools in Malaysia, where most subjects are taught in Chinese. Chinese Independent High Schools are monitored and standardized by the United Chinese School Committees' Association of Malaysia (UCSCAM, more commonly referred to by its Chinese name, Dong Zong 董总), however, unlike government schools, every independent school is free to make its own decisions. Studying in independent schools takes 6 years to complete, divided into Junior Middle (3 years) and Senior Middle (3 years). Students sit for a standardised test by Dong Zong known as the Unified Examination Certificate (UEC) in Junior Middle 3 (equivalent to PMR) and Senior Middle 3 (equivalent to AO level). A number of independent schools conduct classes in Malay and English in addition to Chinese, enabling the students to sit for the PMR and SPM as well.
Malaysia's secondary schools are grouped into a few types, namely national schools which include daily schools and religious schools, Chinese independent schools, technical schools, residential schools, Mara Junior Science College and private-funding schools such as religious schools, international schools and private schools.
Students who wish to enter public universities must complete one and a half more years of secondary schooling in Form Six and sit for the Sijil Tinggi Persekolahan Malaysia (STPM), Malaysian Higher School Certificate; equivalent to the British Advanced or 'A' levels.
As for tertiary education, there are public universities such as University of Malaya, Universiti Sains Malaysia and Universiti Kebangsaan Malaysia. In addition, five international reputable universities have set up their branch campuses in Malaysia since 1998. A branch campus can be seen as an ‘off-shore campus’ of the foreign university, which offers the same courses and awards as the main campus. Both local and international students can acquire these identical foreign qualifications in Malaysia for a cheaper price. The foreign university branch campuses in Malaysia are: Monash University Malaysia Campus, Curtin University of Technology Sarawak Campus, Swinburne University of Technology Sarawak Campus and University of Nottingham Malaysia Campus.
Students also have the option of enrolling in private colleges after secondary studies. Most colleges have educational links with overseas universities especially in the United States, the United Kingdom and Australia. Malaysian students abroad study mostly in the UK, United States, Australia, New Zealand, Canada, Singapore, and Japan.
In addition to the National Curriculum, Malaysia has many international schools. International schools offer students the opportunity to study the curriculum of another country. These schools mainly cater to the growing expatriate population in the country. International schools include: the Australian International School, Malaysia (Australian curriculum), The Alice Smith School (British Curriculum), Elc International School (British Curriculum), The Garden International School (British Curriculum), Lodge International School (British Curriculum), The International School of Kuala Lumpur (International Baccalaureate and American Curriculum), The Japanese School of Kuala Lumpur (Japanese Curriculum), The International School of Penang (International Baccalaureate and British Curriculum), Lycée Français de Kuala Lumpur (French Curriculum) amongst others.

Healthcare

Malaysian society places importance on the expansion and development of health care, putting 5% of the government social sector development budget into public health care—an increase of more than 47% over the previous figure. This has meant an overall increase of more than RM 2 billion. With a rising and aging population, the Government wishes to improve in many areas including the refurbishment of existing hospitals, building and equipping new hospitals, expansion of the number of polyclinics, and improvements in training and expansion of telehealth. Over the last couple of years they have increased their efforts to overhaul the systems and attract more foreign investment.
The Malaysian health care system requires doctors to perform a compulsory three years service with public hospitals to ensure the manpower of these hospitals is maintained. Recently foreign doctors have also been encouraged to take up employment here. There is still, however, a compound shortage of medical workforce, especially that of highly trained specialists resulting in certain medical care and treatment only available in large cities. Recent efforts to bring many facilities to other towns have been hampered by lack of expertise to run the available equipment made ready by investments.
The majority of private hospitals are in urban areas and, unlike many of the public hospitals, are equipped with the latest diagnostic and imaging facilities. Private hospitals have not generally been seen as an ideal investment—it has often taken up to ten years before companies have seen any profits. However, the situation has now changed and companies are now looking into this area again, particularly in view of the increasing interest by foreigners in coming to Malaysia for medical care and the recent government focus to develop the health tourism industry.

Economy

The Malay Peninsula and indeed Southeast Asia has been a centre of trade for centuries. Various items such as porcelain and spices were actively traded even before Malacca and Singapore rose to prominence.

Rubber latex.

The Malaysian government Ministry of Finance building in Putrajaya.
In the 17th century, they were found in several Malay states. Later, as the British started to take over as administrators of Malaya, rubber and palm oil trees were introduced for commercial purposes. Over time, Malaya became the world's largest major producer of tin, rubber, and palm oil.[59] These three commodities, along with other raw materials, firmly set Malaysia's economic tempo well into the mid-20th century.
Instead of relying on the local Malays as a source of labour, the British brought in Chinese and Indians to work on the mines and plantations. Although many of them returned to their respective home countries after their agreed tenure ended, some remained in Malaysia and settled permanently.
As Malaya moved towards independence, the government began implementing economic five-year plans, beginning with the First Malayan Five Year Plan in 1955. Upon the establishment of Malaysia, the plans were re-titled and renumbered, beginning with the First Malaysia Plan in 1965.
In 1970s, Malaysia began to imitate Asian Tigers and committed itself to a transition from being reliant on mining and agriculture to an economy that depends more on manufacturing. With Japanese investment, heavy industries flourished and in a matter of years, Malaysian exports became the country's primary growth engine. Malaysia consistently achieved more than 7% GDP growth along with low inflation in the 1980s and the 1990s.[citation needed]
During the same period, the government tried to eradicate poverty with the controversial New Economic Policy (NEP), after the May 13 Incident of racial rioting in 1969.[34] Its main objective was the elimination of the association of race with economic function, and the first five-year plan to begin implementing the NEP was the Second Malaysia Plan. The success or failure of the NEP is the subject of much debate, although it was officially retired in 1990 and replaced by the National Development Policy (NDP). Recently much debate has surfaced once again with regards to the results and relevance of the NEP. Some have argued that the NEP has indeed successfully created a Middle/Upper Class of Malay businessmen and professionals. Despite some improvement in the economic power of Malays in general, the Malaysian government maintains a policy of discrimination that favors ethnic Malays over other races—including preferential treatment in employment, education, scholarships, business, access to cheaper housing and assisted savings. This special treatment has sparked envy and resentment between non-Malays and Malays. The Chinese control of the country's economy meanwhile, has been ceded largely in favour of the Bumiputras/Malays in many essential or strategic industries such as petroleum retailing, transportation, agriculture and etc. The minority of Indian descent has by and large been the most adversely affected by this policy. Indicators point to a higher incidence of crime and gang related activities among the Indians in recent years.
The rapid economic boom led to a variety of supply problems, however. Labour shortages soon resulted in an influx of millions of foreign workers, many illegal. Cash-rich PLCs and consortia of banks eager to benefit from increased and rapid development began large infrastructure projects. This all ended when the Asian Financial Crisis hit in the fall of 1997, delivering a massive shock to Malaysia's economy.
As with other countries affected by the crisis, there was speculative short-selling of the Malaysian currency, the ringgit. Foreign direct investment fell at an alarming rate and, as capital flowed out of the country, the value of the ringgit dropped from MYR 2.50 per USD to, at one point, MYR 4.80 per USD. The Kuala Lumpur Stock Exchange's composite index plummeted from approximately 1300 points to around 400 points in a matter of weeks. After the controversial sacking of finance minister Anwar Ibrahim, a National Economic Action Council was formed to deal with the monetary crisis. Bank Negara imposed capital controls and pegged the Malaysian ringgit at 3.80 to the US dollar. Malaysia refused economic aid packages from the International Monetary Fund (IMF) and the World Bank, however, surprising many analysts.
In March 2005, the United Nations Conference on Trade and Development (UNCTAD) published a paper on the sources and pace of Malaysia's recovery, written by Jomo K.S. of the applied economics department, University of Malaya, Kuala Lumpur. The paper concluded that the controls imposed by Malaysia's government neither hurt nor helped recovery. The chief factor was an increase in electronics components exports, which was caused by a large increase in the demand for components in the United States, which was caused, in turn, by a fear of the effects of the arrival of the year 2000 (Y2K) upon older computers and other digital devices.
However, the post Y2K slump of 2001 did not affect Malaysia as much as other countries. This may have been clearer evidence that there are other causes and effects that can be more properly attributable for recovery. One possibility is that the currency speculators had run out of finance after failing in their attack on the Hong Kong dollar in August 1998 and after the Russian ruble collapsed. (See George Soros)
Regardless of cause/effect claims, rejuvenation of the economy also coincided with massive government spending and budget deficits in the years that followed the crisis. Later, Malaysia enjoyed faster economic recovery compared to its neighbours. In many ways, however, the country has yet to recover to the levels of the pre-crisis era.
While the pace of development today is not as rapid, it is seen to be more sustainable. Although the controls and economic housekeeping may not have been the principal reason for recovery, there is no doubt that the banking sector has become more resilient to external shocks. The current account has also settled into a structural surplus, providing a cushion to capital flight. Asset prices are now a fraction of their pre-crisis heights.
The fixed exchange rate was abandoned in July 2005 in favour of a managed floating system within an hour of China's announcing of the same move.[60] In the same week, the ringgit strengthened a percent against various major currencies and was expected to appreciate further. As of December 2005, however, expectations of further appreciation were muted as capital flight exceeded USD 10 billion.[61]
In September 2005, Sir Howard J. Davies, director of the London School of Economics, at a meeting in Kuala Lumpur, cautioned Malaysian officials that if they want a flexible capital market, they will have to lift the ban on short-selling put into effect during the crisis. In March 2006, Malaysia removed the ban on short selling.[62] Currently, Malaysia is considered a newly industrialized country.[10][11][63]

INFORMATION FROM : http://en.wikipedia.org/wiki/Malaysia

DONE BY: JUSTIN LAU (25), GROUP 2, 4E1