Malaysia
Southeast Asia · Kuala Lumpur · MYR (Malaysian Ringgit)
Economy & industry overview
Malaysia is an upper-middle-income economy with a nominal GDP of approximately USD 437 billion in 2025, driven by manufacturing, commodities, financial services, and a growing technology sector. The economy expanded at roughly 4.9–5.2% in real terms in 2025, supported by strong domestic demand, robust export performance, and a global semiconductor upcycle that benefited Malaysia's established electronics and electrical manufacturing base. Key industries include palm oil, petroleum and natural gas (anchored by state-owned Petronas), Islamic finance, tourism, and semiconductor packaging and testing, with the Johor-Singapore Special Economic Zone emerging as a major draw for data-center and high-tech investment. The Bursa Malaysia (KLSE) had a total domestic market capitalization of approximately USD 449 billion at end-2024, rising to over USD 2 trillion Malaysian ringgit (roughly USD 450 billion) during 2025. Malaysia's financial system is well-developed by regional standards, with a large Islamic banking sector and an active capital market supervised by the Securities Commission Malaysia.
Key sectors
📘 Learn everything about Malaysia →Macro
| GDP nominal, USD | $437.00B |
| GDP growth real, annual | 4.9% |
| Inflation annual | 1.4% |
| Population people | 34.2M |
| GDP per capita USD | $12,778 |
| Market cap total listed, USD | $449.00B |
| Market cap / GDP | 103.0% |
| Unemployment | 3.0% |
| Listed companies | 900 |
| Exchange | Bursa Malaysia (KLSE) |
Data year: 2025. Sources: IMF World Economic Outlook April 2026 (MYS profile), World Bank GDP data (data.worldbank.org), IMF Article IV Consultation Malaysia 2026, CompaniesMarketCap.com - Largest Malaysian companies, BlackRock/iShares EWM fact sheet December 2025, Global X ASEAN ETF (ASEA) fund page, Bursa Malaysia official website (bursamalaysia.com), The Edge Malaysia market recap 2025, BERNAMA - Malaysia unemployment November 2025, Xinhua - Malaysia unemployment rate 2025, MM2H official website (mm2h.gov.my), Hudson McKenzie MM2H 2026 guide, Interactive Brokers Bursa Malaysia announcement, BrokerChooser Malaysia 2026 review, Fifth Person - How to buy shares in Malaysia, StockAnalysis.com ASEA ETF holdings, US State Department 2025 Investment Climate Statement Malaysia, GDP per capita est. from Macrotrends/Statista, Market cap data: TheGlobalEconomy.com and Edge Malaysia 2025.
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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)MAYBANK · Bursa Malaysia (KLSE) | Financials – Banking | $32.00B | MLYBY |
| 2 | Tenaga Nasional BerhadTENAGA · Bursa Malaysia (KLSE) | Utilities – Electric | $16.10B | TNABY |
| 3 | IHH Healthcare BerhadIHH · Bursa Malaysia (KLSE) | Healthcare | $17.37B | IHHHF |
| 4 | Public Bank BerhadPBBANK · Bursa Malaysia (KLSE) | Financials – Banking | $15.75B | PBLOF |
| 5 | Press Metal Aluminium Holdings BerhadPMETAL · Bursa Malaysia (KLSE) | Materials – Aluminium | $15.40B | — |
| 6 | CIMB Group Holdings BerhadCIMB · Bursa Malaysia (KLSE) | Financials – Banking | $13.00B | CIMDF |
| 7 | Hong Leong Bank BerhadHLBANK · Bursa Malaysia (KLSE) | Financials – Banking | $11.20B | — |
| 8 | Petronas Chemicals Group BerhadPCHEM · Bursa Malaysia (KLSE) | Materials – Chemicals | $10.73B | — |
| 9 | MISC BerhadMISC · Bursa Malaysia (KLSE) | Industrials – Shipping & Offshore | $9.40B | MIHDF |
| 10 | YTL Power International BerhadYTLPOWR · Bursa Malaysia (KLSE) | Utilities – Multi-utility / Data Infrastructure | $8.98B | — |
| 11 | CelcomDigi BerhadCDB · Bursa Malaysia (KLSE) | Communication Services – Telecommunications | $8.42B | — |
| 12 | Sunway BerhadSUNWAY · Bursa Malaysia (KLSE) | Real Estate / Conglomerate | $8.64B | — |
| 13 | SD Guthrie BerhadSDG · Bursa Malaysia (KLSE) | Consumer Staples – Agriculture / Palm Oil | $9.10B | — |
| 14 | RHB Bank BerhadRHBBANK · Bursa Malaysia (KLSE) | Financials – Banking | $8.59B | — |
| 15 | PETRONAS Gas BerhadPETGAS · Bursa Malaysia (KLSE) | Energy – Gas Processing & Utilities | $7.91B | PNAGF |
| 16 | Gamuda BerhadGAMUDA · Bursa Malaysia (KLSE) | Industrials – Construction & Engineering | $7.08B | — |
| 17 | Telekom Malaysia BerhadTM · Bursa Malaysia (KLSE) | Communication Services – Telecommunications | $6.79B | — |
| 18 | IOI Corporation BerhadIOICORP · Bursa Malaysia (KLSE) | Consumer Staples – Palm Oil / Oleochemicals | $6.80B | IOIOF |
| 19 | 99 Speed Mart Retail Holdings Berhad99SMART · Bursa Malaysia (KLSE) | Consumer Staples – Retail | $6.64B | — |
| 20 | Maxis BerhadMAXIS · Bursa Malaysia (KLSE) | Communication Services – Telecommunications | $6.42B | — |
| 21 | Axiata Group BerhadAXIATA · Bursa Malaysia (KLSE) | Communication Services – Telecommunications | $4.00B | AXXTF |
| 22 | YTL Corporation BerhadYTL · Bursa Malaysia (KLSE) | Industrials / Utilities – Conglomerate | $4.70B | — |
| 23 | Kuala Lumpur Kepong BerhadKLK · Bursa Malaysia (KLSE) | Consumer Staples – Palm Oil / Plantation | $5.56B | — |
| 24 | Hong Leong Financial Group BerhadHLFG · Bursa Malaysia (KLSE) | Financials – Diversified Financial Services | $5.10B | — |
| 25 | AMMB Holdings BerhadAMBANK · Bursa Malaysia (KLSE) | Financials – Banking | $5.10B | AMMHF |
| 26 | PPB Group BerhadPPB · Bursa Malaysia (KLSE) | Consumer Staples – Diversified Conglomerate | $4.02B | PGBHF |
| 27 | PETRONAS Dagangan BerhadPETDAG · Bursa Malaysia (KLSE) | Energy – Fuel Retail / Downstream | $4.28B | PNADF |
| 28 | Malaysian Airports Holdings BerhadAIRPORT · Bursa Malaysia (KLSE) | Industrials – Airport Operations | $4.50B | — |
| 29 | Sime Darby BerhadSIME · Bursa Malaysia (KLSE) | Industrials – Trading Conglomerate | $3.76B | SMEBF |
| 30 | Genting BerhadGENT · Bursa Malaysia (KLSE) | Consumer Discretionary – Leisure / Casinos | $2.78B | GEBHY |
| 31 | Genting Malaysia BerhadGENM · Bursa Malaysia (KLSE) | Consumer Discretionary – Leisure / Casinos | $2.99B | GMALY |
| 32 | Westports Holdings BerhadWPRTS · Bursa Malaysia (KLSE) | Industrials – Port Operations | $2.50B | — |
| 33 | Hap Seng Consolidated BerhadHAPSENG · Bursa Malaysia (KLSE) | Industrials – Conglomerate | $2.10B | — |
| 34 | Nestle (Malaysia) BerhadNESTLE · Bursa Malaysia (KLSE) | Consumer Staples – Food & Beverages | $3.40B | — |
| 35 | TIME dotCom BerhadTIMECOM · Bursa Malaysia (KLSE) | Communication Services – Fibre / Data Infrastructure | $2.20B | — |
| 36 | IGB REITIGBREIT · Bursa Malaysia (KLSE) | Real Estate – REIT (Retail) | $1.45B | — |
| 37 | Pavilion Real Estate Investment TrustPAVREIT · Bursa Malaysia (KLSE) | Real Estate – REIT (Retail) | $1.35B | — |
| 38 | Alliance Bank Malaysia BerhadABMB · Bursa Malaysia (KLSE) | Financials – Banking | $1.50B | — |
| 39 | Sime Darby Property BerhadSIMEPROP · Bursa Malaysia (KLSE) | Real Estate – Property Development | $1.60B | — |
| 40 | IOI Properties Group BerhadIOIPG · Bursa Malaysia (KLSE) | Real Estate – Property Development | $1.80B | — |
| 41 | Top Glove Corporation BerhadTOPGLOV · Bursa Malaysia (KLSE) | Healthcare – Medical Gloves | $1.20B | — |
| 42 | Hartalega Holdings BerhadHARTA · Bursa Malaysia (KLSE) | Healthcare – Medical Gloves | $1.08B | — |
| 43 | Heineken Malaysia BerhadHEIM · Bursa Malaysia (KLSE) | Consumer Staples – Beverages (Alcohol) | $1.20B | — |
| 44 | Carlsberg Brewery Malaysia BerhadCARLSBG · Bursa Malaysia (KLSE) | Consumer Staples – Beverages (Alcohol) | $1.10B | — |
| 45 | Bursa Malaysia BerhadBURSA · Bursa Malaysia (KLSE) | Financials – Stock Exchange / Market Infrastructure | $1.41B | — |
| 46 | BIMB Holdings BerhadBIMB · Bursa Malaysia (KLSE) | Financials – Islamic Banking & Insurance | $1.10B | — |
| 47 | Astro Malaysia Holdings BerhadASTRO · Bursa Malaysia (KLSE) | Communication Services – Media & Broadcasting | $700.00M | — |
| 48 | Eco World Development Group BerhadECOWLD · Bursa Malaysia (KLSE) | Real Estate – Property Development | $900.00M | — |
| 49 | Malaysian Resources Corporation Berhad (MRCB)MRC · Bursa Malaysia (KLSE) | Industrials – Construction & Property | $1.10B | — |
| 50 | Matrix Concepts Holdings BerhadMATRIX · Bursa Malaysia (KLSE) | Real Estate – Property Development | $680.00M | — |
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% |
| ASEA | Global X FTSE Southeast Asia ETF | Global X | Regional | 0.65% | 28% |
| 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
Interactive Brokers added direct access to Bursa Malaysia-listed equities and ETFs for its global client base; MYR-denominated trades benefit from automatic FX conversion within the IBKR platform. Saxo Bank offers Bursa Malaysia access through its global platform. Local Malaysian brokers such as Maybank Investment Bank, CIMB Securities, RHB Investment Bank, and Kenanga offer online trading accounts; foreigners can open accounts but typically need a Malaysian bank account and must complete a CDS account application. For clients without a Malaysian bank account, nominee brokerage arrangements through international brokers (IBKR, Saxo) are the most practical access route. Bursa Malaysia operates under Securities Commission Malaysia oversight and follows T+2 settlement.
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 / retirement visa (MM2H, renewable; not PR)
Malaysia's primary long-term residency program for foreigners is the Malaysia My Second Home (MM2H) programme, administered by the Ministry of Tourism, Arts and Culture. The programme was revamped in 2023 into three tiers: Silver (5-year renewable, minimum fixed deposit of approximately USD 150,000 plus property purchase of at least MYR 600,000), Gold (15-year renewable, approximately USD 500,000 deposit plus MYR 1,000,000 property), and Platinum (20-year renewable, approximately USD 1,000,000 deposit plus MYR 2,000,000 property). A Special Economic Zone pathway exists with lower thresholds (approximately USD 32,000–65,000 depending on age). All tiers require a minimum stay of 90 cumulative days per year, a Malaysian medical check-up, and valid Malaysian medical insurance. MM2H is a residency visa, not a pathway to citizenship.
Minimum investment: $150.00K
Need help applying? Specialist investment-migration advisers such as Henley & Partners.
Foreign-investor access
Foreign nationals can generally invest in Bursa Malaysia-listed stocks without restriction on most equities. To trade directly on Bursa Malaysia, a foreigner must open a Central Depository System (CDS) account (Malaysia's share registry) through a licensed broker and is typically required to hold a Malaysian bank account. Certain sectors carry foreign ownership caps: banking (generally up to 70% foreign equity), insurance (70%), and some government-linked industries may have bumiputera equity requirements. There are no exchange-control restrictions on repatriating investment proceeds for portfolio investments, though Bank Negara Malaysia monitoring applies to large capital flows. Foreigners may alternatively access Malaysian equities through nominee accounts offered by international brokers without needing a local bank account.
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 | CIMB | OTC Pink Sheets; pan-ASEAN banking group |
| Malayan Banking Berhad (Maybank) | MLYBY | MAYBANK | OTC Pink Sheets ADR; largest Malaysian bank by assets |
| Tenaga Nasional Berhad | TNABY | TENAGA | OTC ADR; national electricity utility |