Malaysia

Malaysian Money

Malaysia is a very affluent nation and its main sources of income are petroleum, electronic goods and wood products. Before I elaborate any further on this most intriguing subject, I would like to make clear a few important points about this country. For instance, where is Malaysia? Malaysia is a country in Southeast Asia and it borders Indonesia, Thailand and small country called Brunei. Malaysia gained its independence from the United Kingdom on August 31, 1957.

Malaysia is a member of the Organization of Petroleum Exporting Countries, or OPEC. Many different countries from all around the world export oil, and OPEC ensures the regularity of the price, if the country is a member. This rule applies to Malaysia, since it is a well known member of OPEC. Two countries, who are not members and export oil, are Russia and Mexico.

Malaysia also exports electronic goods. A lot of our every-day devices, like phones and computers here in America, are made and manufactured in Malaysia. About 56% of all exports from Malaysia have to do with electronics. These, not only include computers and phones, but also include television sets, radio receivers, photography equipment, and electro-medical equipment, like X-rays, CAT scan projectors, etc.

Malaysians are experts in building techniques; hence the Petronas Towers in Kuala Lumpur, the capital of Malaysia. The Petronas Towers, opened in 1996, are the tallest office buildings in the world at 1,483 feet, surpassing the Sears Tower in Chicago. The man who designed the Petronas Towers was an Argentine-American named Cesar Pelli.

Another main source in Malaysia’s wealth is selling wood products. Fancy furniture, wood polishes, wood coatings and even wood floorings are exported every year. In many different woods too, such as teak, mahogany and soca, that all grow abundantly in the forests of Malaysia. The forests of Malaysia are being cut down to meet this demand, so their government is taking measures to preserve them. To state my point as clearly as possible, Malaysia is a very wealthy country indeed.