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This chapter discusses Malaysia's foreign economic policy and trade performance. Since independence, Malaysia has been active in regulating its foreign economic policy. The policy is aimed at making the country a nation that welcomes friendly and fair policy through diplomacy and simultaneously maintaining its honorable sovereignty and local interests. In 2018, the Malaysian government outlined its foreign policy framework that emphasises four (4) major components, namely, (1) the direction of foreign policy, (2) empowering the Ministry of Foreign Affairs – MOFA (Wisma Putra), (3) enhancing interagency collaboration and lastly, (4) increasing public and civil society participation. Through the framework, Malaysia has been strengthening its international relations, particularly among Islamic nations and the European Union countries. In terms of trade, Malaysia has been increasing its trade and this can be seen in its trade surplus performance. For more than 20 consecutive years, Malaysia has experienced trade surpluses. However, the recent COVID-19 outbreak has dampened the country's economic growth. Despite the detrimental impacts of the outbreak, Malaysia remained positive about strengthening the economy in the future. In terms of trade partners, Malaysia has built close relations with China, Singapore, the United States, Hong Kong, Japan, Thailand, India, Taiwan, Vietnam, and South Korea. In terms of export products, Malaysia mainly exports electrical and electronic products, petroleum products, chemicals and chemical products, LNG, manufactures of metal, machinery, equipment and parts, optical and scientific equipment, palm oil, crude petroleum, and rubber products. Even though trade has caused several issues such as overdependence on import product, Malaysia has maintained a positive outlook on trade. Trade helps fulfill the domestic demand in which local producers are not able to satisfy. Other than that, Malaysia also consistently produced goods that are demanded by other countries. In conclusion, Malaysia will always forge ahead to improve its international economic relations and to gain benefits from the international economy and world trade.

The purpose of this paper is to discuss Malaysia's industrial development since achieving its independence in 1957 to 2007. The industrial development in Malaysia has gradually shifted from mere trading type of activities to technology based entrepreneurial activities.

The transformation of Malaysia's industrial development from entrepreneurship to technology entrepreneurship is studied by applying the World Bank framework introduced by Bessant et al. The improvised framework has eight key dimensions that are developed as the key activities of technology entrepreneurship to assess the presence of technology entrepreneurship activity during the study period.

The initiation of the government's heavy industrialization drive in the 1980s had given rise to the growth of the manufacturing sector, and consequently, the implementation of public policies and government programmes in the 1990s have led to the shift of the economy from labor intensive manufacturing to high technology with higher value added activities. The findings thus indicate that the government's effort and support through the implementation of different policies and various state‐led programmes have basically driven Malaysia's entrepreneurial activities to be technology oriented.

As for the limitation, it is represented by the difficulties in identifying the key technology entrepreneurship activities and using them to analyze the entrepreneurship development at the macro level. Having analyzed at the macro level, this study hopes to contribute to the policy makers in drafting the government policies strategically so as to foster the growth of technology entrepreneurship in Malaysia generally, and to develop capabilities in particular industrial sectors.

The paper provides an overview of the industrial development in Malaysia as a background to the discussion on the transformation to technology entrepreneurship development.

The aim of this research is to undertake a comparative analysis on the use of third party logistics (3PL) services by manufacturing firms in Singapore and Malaysia.

This study is based on a questionnaire survey conducted in Singapore and Malaysia in 1998 and 2000, respectively. The paper addresses key issues relating to the extent of usage of 3PL services, specific contract logistics services used, benefits for the user firms, obstacles encountered in implementing contract logistics relationships, impact of the use of contract logistics services on logistics costs, customer satisfaction, and employees of the user firms and the future plans of current users of contract logistics services.

Analysis shows that there are similarities on the use of contract logistics services in Singapore and Malaysia. These include the proportion of firms utilising contract logistics, the extent of involvement of functional managers, budget allocation and activities outsourced. Notable differences between the two countries include the decision‐making process, and the benefits to the firms from the use of contract logistics.

Limited sample size and the generalisation of results to all manufacturing firms in Singapore and Malaysia manufacturers ignoring possible regional differences in each context are the two limitations in this study.

This study identifies the scope for 3PL services in Singapore and Malaysia. With the enhanced usage of contracting logistics, the study provides 3PL services providers who are considering Asia Pacific as a potential market, a comprehensive analysis of the current situation in Singapore and Malaysia.

To provide graduate students, researchers, and responsible personnel with an overview on the disaster types worldwide in general and disaster types in Malaysia.

The types of disasters by region for the period 1988‐1997 were obtained from recent published sources. The disasters which occurred in Malaysia have been collected from several sources such as the technical, general articles, internet web sites, and internal reports. The disasters which occurred during the period of 1968‐2004 have been reviewed. The disasters have been classified into natural disasters, man‐made disasters, and subsequent disasters. The man‐made disasters have been classified into technological disasters, transportation accidents, public places failure, and production failure.

Disasters have been classified into natural, man‐made disasters. The regions worldwide have experienced all kinds of natural disasters in last decade. It was pointed out that the occurrence of disasters from almost all kinds of hazards is among the highest in Asia and the Pacific. Malaysia experienced natural, man‐made and subsequent disasters. Malaysia has experienced 39 disasters during the period of 1968‐2004. The natural disasters were 49 percent of total disasters. Most of the natural disasters were resulted from the heavy rains. Malaysia has experienced 18 man‐made disasters. The man‐made disasters resulted in 282 fatalities, and 1,892 injuries.

This paper presents an overview on the disaster types by region worldwide. The paper also presents an overview on the disaster types in Malaysia. This paper combined the scattered disasters into one record. Therefore, there is a need for an authorized body to be responsible for the collecting, arranging, classifying, and storing of all type of the accidents in Malaysia. This experience can be benefited from/at any country.

The purpose of this paper is to review the history of Islamic banking in Malaysia from 1963 until 2010.

To review the history of Islamic banking in Malaysia, data have been gathered from different articles, books and reports about the Islamic banking system in Malaysia.

The paper found that Malaysia as an Islamic country has an outstanding infrastructure to support the establishment of an Islamic banking hub in the Islamic region.

The paper shows that Malaysia was of the first countries to take a systematic planning approach to develop the Islamic finance system in the region. Islamic banking systems in Malaysia are growing rapidly and progressively, in spite of some other countries wishing to be ahead of Malaysia, such as Singapore and the UK.

The COVID-19 pandemic was unprecedented and has disproportionately affected the lives and livelihoods of people worldwide. Many governments restricted social and economic activities to curb the virus, and with the availability of the COVID-19 vaccine, many see it as providing hope to return to normalcy. Within such a context, China, Russia, and the United States (USA) have leveraged their vaccine diplomacy to gain and expand their influence. Vaccine diplomacy could help major powers cement their influence well beyond the pandemic if successfully deployed. By examining the vaccine diplomacy race in Southeast Asia, this chapter reveals the factors that motivate major powers to engage in the race and the strategies used. This chapter also assesses China’s vaccine diplomacy in Malaysia and how it has contributed to cementing a stronger bilateral relationship between Malaysia and China that would probably outlast the pandemic.

The purpose of the paper is twofold. Firstly, this study aims to investigate the factors influencing stakeholders’ intention to invest in Shariah-compliant social impact bonds (SC SIBs) in Malaysia. Secondly, this study compares the differences in the perception of different stakeholders on the importance of the factors.

Using the extended theory of planned behaviour, the study undertakes a questionnaire survey on licensed capital market investors and individuals involved in the development of the financial market (developers). A total of 260 complete and valid responses were obtained from the survey. Multiple regression and Mann–Whitney tests were carried out to achieve the two objectives, respectively.

The results reveal that attitude (β = 0.447, p < 0.01), subjective norm (SN) (β = 0.255, p < 0.01) and moral norm (MN) (β = 0.163, p < 0.01) are significantly positive predictors of intention to invest in SC SIBs. In terms of the differences in the perceptions of the two parties, the results show that the factors have more effect towards developers than investors.

The empirical evidence from this study on the factors that influence stakeholders’ participation in SC SIBs is useful to the policymakers and interested parties in taking the next steps to develop, implement and promote SC SIBs to stakeholders in Malaysia. Fund managers can use the study’s insights to promote positive attitudes, SNs and MNs towards SC SIBs, especially targeting developers who are more influenced by these factors. More importantly, the results indicate a need for different strategies to influence the stakeholder investment behaviour of SC SIB in Malaysia to ensure that it is sustainable and viable in the long run.

The franchising business becomes an essential to the economy of Malaysia and social. It also considers a popular choice to develop entrepreneurs particularly among Bumiputera in Malaysia. Recognizing the importance of the franchising business, the Government of Malaysia through the Ministry of Domestic Trade and Consumer Affairs (MDTCA) has developed programs and activities to accelerate growth of the franchising business. In February 2020, a total of 915 franchise systems or franchisors have been registered under Malaysia Franchise and subsequently few franchisors have penetrated worldwide such as in Saudi Arabia, Indonesia, United State of America, and Australia. At the same time, Perbadanan Nasional Berhad (PNS) and Malaysia Franchise Association also strongly take part in many franchise initiatives, programs, and activities to support the development of franchising business in Malaysia. Besides that, Malaysia also has developed the Franchise Act to safeguard the franchising industry. Nevertheless, there still exist some issues and challenges. Hence, this paper aims to review the franchising business in Malaysia by discussing the development of franchise business in Malaysia, the supports, and the issues and challenges.

This study analyzes the impact of exchange rate volatility (ERV) on inbound tourist arrivals from four ASEAN countries namely Indonesia, the Philippines, Singapore, and Thailand during 1970–2017. Volatility in the exchange rates between the tourist currency and ringgit Malaysia is measured using the Generalized Autoregressive Conditional Heteroskedasticity model. The results from Autoregressive Distributed Lagged models indicate that ERV has no significant impact on tourist arrivals from ASEAN to Malaysia. This implies that tourists from these countries may not be sensitive to ERV when choosing Malaysia as their travel destination. There are two possible explanations for the results. First, Malaysian ringgit has been depreciating against major currencies and regional currencies in recent years, which makes ringgit relatively cheaper than other ASEAN currencies. Second, the empirical results of the study support the argument that ERV has a more serious impact on tourist spending compared to tourist arrivals.

This chapter analyses the how, who, where and why of rapid rise in intra-regional investment by companies from ASEAN since 2009.

The chapter analyses the push and pull factors of intra-regional investment in ASEAN, the resulting patterns of foreign direct investment (FDI) and the accompanying rise of strong regional players.

The region’s FDI landscape is changing in terms of investment sources, players, FDI trends and dynamics of the region. This trend is strongly affected by stepped up efforts by ASEAN governments to encourage their national companies to invest in the region and the influence of the ASEAN Economic Community.

Regional integration and emerging business opportunities are providing an impetus not seen before in driving intra-regional investment. As more ASEAN companies position and prepare for AEC 2015, this intra-regional investment wave is likely to gather force.

The chapter lists the regional and global ‘footprint’ of the top 50 largest ASEAN companies by revenues. The thus identified companies include companies operating in oil and gas, mining, agri-business, telecommunications, food and beverages, manufacturing, banking, power generation, infrastructure, real estate and healthcare services