While Malaysia’s security industry doesn’t display high-growth characteristics like its neighbors such as the Philippines or Vietnam, it is still a growing market amid heightened awareness over security. Government spending and private investment, meanwhile, are the twin engines that drive growth. In terms of econom
While Malaysia's security industry doesn't display high-growth characteristics like its neighbors such as the Philippines or Vietnam, it is still a growing market amid heightened awareness over security. Government spending and private investment, meanwhile, are the twin engines that drive growth.
In terms of economic growth, Malaysia's GDP is expected to rise more moderately compared to other Asian economies. The World Bank, for example, forecasts that the country's GDP will grow 4.9 percent this year, compared to 7 percent for Laos, 6.9 percent for both the Philippines and Cambodia, and 6.3 percent for Vietnam.
Meanwhile, Malaysia vendors and distributors' assessment of their own performance ranges from cautiou...