Malaysia is the third largest economy among the ten Southeast Asian economies (including Indonesia, Philippines, Singapore, Thailand, Vietnam, among others). Real Gross domestic product (RGDP) grew by 7.2%, in 2010 to US$173bn, which was the third highest growth in Southeast Asia after Indonesia and Singapore and on a par with the Philippines; the services sector is the largest contributor to the country’s economy. Since 1980, it has had one of the best economic records in Asia, with annual GDP growing by an average 5.9% for 30 years. Malaysia is an open economy and is considered a newly industrialised market economy. Malaysia is considered to have a developing telecommunications industry. Malaysia’s total telecommunications service revenue in 2009, amounting to US$6.7bn, represented 22% of top-five countries in Southeast Asia.
Increasing telecommunications revenue
ADSL remains very dominant in broadband Internet market
Increasing use of mobile broadband services
Continued network expansion and growing share of 3G subscribers in mobile segment
Decreasing fixed telephony revenues