Malaysia Business, Taxation and Offshore Information
Politically, Malaysia is a constitutional monarchy. 9 of the 13 Malaysian states have a hereditary ruler, and one of these is elected as King every 5 years. The current King is Abdul Halim of Kedah. The monarch's role has been largely ceremonial since changes to the constitution in 1994, with Parliament having control of executive power. Najib Razak is the current Prime Minister.
According to the International Monetary Fund, as of 2013, Malaysia has the 59th highest GDP per capita in the world. It is ranked as 64th on the UN's Human Development Index (a comparative measure of life expectancy, literacy, education, standards of living, and quality of life). More »