Malaysia
Southeast Asia · Kuala Lumpur · MYR (Malaysian Ringgit)
Economy & industry overview
Malaysia is an upper-middle-income, newly industrialised economy in Southeast Asia, ranked among the world's top 35 economies by nominal GDP. Its economy is diversified across manufacturing (particularly electronics and semiconductors), services, palm oil and plantation agriculture, oil and gas, and Islamic finance. The country is the world's second-largest palm oil producer and a leading global exporter of electrical and electronic products. GDP grew 5.1% in 2024 and is projected to sustain robust growth in the near term, supported by strong domestic demand, foreign direct investment into data centres and semiconductors, and a recovery in tourism. Bursa Malaysia is the largest stock exchange in ASEAN by number of listings, with over 1,000 public-listed companies across its Main, ACE, and LEAP markets.
Key sectors
📘 Learn everything about Malaysia →Macro
| GDP nominal, USD | $421.97B |
| GDP growth real, annual | 5.1% |
| Inflation annual | 1.8% |
| Population people | 34.2M |
| GDP per capita USD | $12,366 |
| Market cap total listed, USD | $449.47B |
| Market cap / GDP | 106.5% |
| Unemployment | 3.3% |
| Listed companies | 1,073 |
| Exchange | Bursa Malaysia (KLSE) |
Data year: 2024. Sources: World Bank (GDP 2024 current USD), IMF World Economic Outlook / Article IV 2025, Department of Statistics Malaysia (DOSM), Bursa Malaysia Annual Report / Press Release Jan 2025, Bank Negara Malaysia, Ministry of Finance Malaysia, FocusEconomics, CEIC Data, Trading Economics.
Latest news
Other Southeast Asia markets
Largest listed companies
The biggest companies on the main local exchange, by market capitalisation.
| # | Company | Sector | Market capUSD | US listing |
|---|---|---|---|---|
| 1 | Malayan Banking Berhad (Maybank)1155 · KLSE | Financial Services | $24.00B | — |
| 2 | Public Bank Berhad1295 · KLSE | Financial Services | $20.00B | — |
| 3 | CIMB Group Holdings Berhad1023 · KLSE | Financial Services | $16.00B | — |
| 4 | Tenaga Nasional Berhad (TNB)5347 · KLSE | Utilities | $14.00B | — |
| 5 | IHH Healthcare Berhad5225 · KLSE | Healthcare | $13.00B | — |
| 6 | Petronas Chemicals Group Berhad5183 · KLSE | Energy / Petrochemicals | $10.00B | — |
| 7 | Hong Leong Bank Berhad5819 · KLSE | Financial Services | $9.50B | — |
| 8 | YTL Power International Berhad6742 · KLSE | Utilities / Technology Infrastructure | $8.50B | — |
| 9 | RHB Bank Berhad1066 · KLSE | Financial Services | $7.50B | — |
| 10 | CelcomDigi Berhad6947 · KLSE | Telecommunications | $7.00B | — |
| 11 | Axiata Group Berhad6888 · KLSE | Telecommunications | $6.50B | — |
| 12 | Sime Darby Plantation Berhad5285 · KLSE | Plantations / Agriculture | $6.20B | — |
| 13 | Press Metal Aluminium Holdings Berhad8869 · KLSE | Industrials / Metals | $6.00B | — |
| 14 | Maxis Berhad6012 · KLSE | Telecommunications | $5.80B | — |
| 15 | Genting Berhad3182 · KLSE | Consumer / Gaming & Hospitality | $5.50B | — |
| 16 | Genting Malaysia Berhad4715 · KLSE | Consumer / Gaming & Hospitality | $4.80B | — |
| 17 | IOI Corporation Berhad1961 · KLSE | Plantations / Agriculture | $4.50B | — |
| 18 | Kuala Lumpur Kepong Berhad (KLK)2445 · KLSE | Plantations / Agriculture | $4.20B | — |
| 19 | Telekom Malaysia Berhad (TM)4863 · KLSE | Telecommunications | $4.00B | — |
| 20 | Petronas Gas Berhad6033 · KLSE | Energy / Gas | $3.80B | — |
| 21 | MISC Berhad3816 · KLSE | Energy / Shipping | $3.70B | — |
| 22 | Sime Darby Berhad4197 · KLSE | Industrials / Conglomerate | $3.50B | — |
| 23 | Dialog Group Berhad7277 · KLSE | Energy / Oil & Gas Services | $3.00B | — |
| 24 | Gamuda Berhad5398 · KLSE | Industrials / Construction | $2.90B | — |
| 25 | AmBank Group (AMMB Holdings Berhad)1015 · KLSE | Financial Services | $2.70B | — |
| 26 | Hartalega Holdings Berhad5168 · KLSE | Healthcare / Manufacturing | $2.50B | — |
| 27 | Top Glove Corporation Berhad7113 · KLSE | Healthcare / Manufacturing | $2.00B | — |
| 28 | Inari Amertron Berhad0166 · KLSE | Technology / Semiconductors | $1.90B | — |
| 29 | YTL Corporation Berhad4677 · KLSE | Utilities / Conglomerate | $1.90B | — |
| 30 | Kossan Rubber Industries Berhad7153 · KLSE | Healthcare / Manufacturing | $1.70B | — |
US-traded ETFs
Funds listed in the US that give exposure to this market — the simplest route for many US investors.
| Ticker | ETF | Issuer | Scope | Expense ratioannual % | Exposure% of fund |
|---|---|---|---|---|---|
| EWM | iShares MSCI Malaysia ETF | BlackRock (iShares) | Single-country | 0.50% | 100% |
| VWO | Vanguard FTSE Emerging Markets ETF | Vanguard | Broad EM | 0.08% | 2% |
| GMF | State Street SPDR S&P Emerging Asia Pacific ETF | State Street Global Advisors (SPDR) | Regional | 0.49% | 5% |
| ASEA | Global X - FTSE Southeast Asia ETF | Global X | Regional | 0.65% | 20% |
| EEM | iShares MSCI Emerging Markets ETF | BlackRock (iShares) | Broad EM | 0.70% | 2% |
Local exchange & access
| Exchange | Bursa Malaysia |
| Code | KLSE |
| Website | www.bursamalaysia.com |
| Currency | MYR |
Local broker access
Foreign investors can access Bursa Malaysia equities through international online brokers offering access to Malaysian markets (e.g. Interactive Brokers, Saxo Bank) or through local licensed brokers such as Maybank Investment Bank, CIMB Securities, Public Investment Bank, and RHB Investment Bank. A Central Depository System (CDS) account is required to hold Malaysian-listed securities. Foreign ownership limits apply to certain regulated sectors including banking, telecommunications, and media. Dividends are generally not subject to withholding tax for residents under Malaysia's single-tier tax system; verify current rules for non-residents.
Global brokers with foreign-market access
- Interactive Brokers — Direct access to 90+ markets worldwide, including many emerging exchanges.
- Saxo Bank — Multi-market access across Asia, Europe and the Middle East.
- Charles Schwab (Global) — Foreign ordinary shares on select markets; US-listed ADRs and ETFs.
- Fidelity International Trading — International stock trading on a number of developed and emerging markets.
Listed for convenience only — not a recommendation. Available markets, fees and onboarding rules differ by broker and by your country of residence.
Relocation & residency
Investment visa / residency programme
Grants Long-stay social visit pass (renewable, not permanent residency or citizenship)
Malaysia My Second Home (MM2H) is a long-stay residence programme allowing foreigners to obtain a renewable multiple-entry social visit pass (up to 20 years per renewal cycle) by meeting financial requirements including fixed deposit placement and minimum offshore income thresholds. As of the 2023 revised guidelines, applicants are categorised into Platinum, Gold, and Silver tiers with varying deposit, income, and minimum-stay requirements. MM2H does not confer citizenship or permanent residency but grants long-stay social visit status.
Minimum investment: $65.00K
Need help applying? Specialist investment-migration advisers such as Henley & Partners.
Foreign-investor access
Malaysia My Second Home (MM2H) is the primary long-stay programme for foreigners. The programme was significantly revised in 2021 and again in 2023, introducing tiered categories (Platinum, Gold, Silver) with differing fixed-deposit and income requirements. Holders may not work in Malaysia but can own property subject to state-level minimum purchase thresholds. Healthcare, cost of living, and international schooling infrastructure are key draws for expatriates.
US-listed ADRs & cross-listings
Companies from this country whose shares also trade in the US — investable in a normal US brokerage account.
| Company | US ticker | Local ticker | Note |
|---|---|---|---|
| CIMB Group Holdings Berhad | CIMDF | 1023 | CIMB Group trades on US OTC markets under the ticker CIMDF. It provides US investors with direct exposure to one of ASEAN's largest universal banking groups. |
| IHH Healthcare Berhad | IHHHF | 5225 | IHH Healthcare trades on US OTC markets as IHHHF, offering exposure to one of Asia's largest private hospital operators. IHH is also listed on the Singapore Exchange (SGX: Q0F). |
| Malayan Banking Berhad (Maybank) | MLYBY | 1155 | Maybank trades on US OTC markets as an ADR under the ticker MLYBY. It is the most liquid Malaysian OTC ADR available to US investors and represents the country's largest bank. |
| Tenaga Nasional Berhad | TNABY | 5347 | Tenaga Nasional, Malaysia's national electricity utility, trades on US OTC markets under TNABY, providing exposure to the country's primary power transmission and generation company. |
| Top Glove Corporation Berhad | TPGLY | 7113 | Top Glove trades on US OTC markets as TPGLY. The world's largest rubber glove manufacturer by production volume, it offers exposure to Malaysia's medical supplies and healthcare manufacturing sector. |