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- (-) April 2016
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Malaysia has a dynamic hotel and restaurant industry. Changing lifestyles and growing middle class underpins demand.
With per capita income of over $10,800 and a middle and upper class making up 50 percent of the population, Malaysia shows good potential for growth as a market for high value consumer products.
Introduction of a 6 percent Goods and Services Tax (GST) on April 1, 2015 increased costs and discouraged transshipment of cotton from Malaysia to nearby regional markets.
The overall food processing sector is growing at about 5 percent per year, with dairy, bakery, and processed fish products among the leading sectors.
This is an update to Post’s standing FAIRS report, with few changes to the previous submission.