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Payments Network Malaysia Sdn Bhd (PayNet) is the national payments network and shared central infrastructure for Malaysia ’s financial markets. It was formed from the merger between the Malaysian Electronic Payment System (MEPS) and Malaysian Electronic Clearing Corporation Sdn Bhd (MyClear) on 1 August 2017. [1]
Brunei–Malaysia relations. Brunei and Malaysia established diplomatic relations in 1984. Brunei has a high commission in Putrajaya, as well as consulate-generals in Kota Kinabalu and Kuching. [1][2] Malaysia maintains a high commission in Bandar Seri Begawan. [3] Both countries are full members of ASEAN and the Commonwealth of Nations.
King of Malaysia. The Yang di-Pertuan Agong, [a] unofficially known as the king of Malaysia, [3] is the constitutional monarch and head of state of Malaysia. The office was established in 1957, when the Federation of Malaya (now Malaysia) gained independence from the United Kingdom. The Yang di-Pertuan Agong is elected by the Conference of ...
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v. t. e. The prime minister of Malaysia (Malay: Perdana Menteri Malaysia; Jawi: ڤردان منتري مليسيا) is the head of government of Malaysia. The prime minister directs the executive branch of the federal government. The Yang di-Pertuan Agong appoints the prime minister as a member of Parliament (MP) who, in his opinion, is most ...
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The economy of Malaysia is the sixth largest in Southeast Asia and the 36th largest in the world in terms of nominal GDP. When measured by purchasing power parity, its GDP climbs to the 30th largest. Malaysia is forecasted to have a nominal GDP nearly half a trillion US$ by the end of 2024. [ 22 ] The labour productivity of Malaysian workers is ...
The name Malaysia is a combination of the word Malays and the Latin-Greek suffix -ia/-ία [18] which can be translated as 'land of the Malays'. [19] Similar-sounding variants have also appeared in accounts older than the 11th century, as toponyms for areas in Sumatra or referring to a larger region around the Strait of Malacca. [20]