The objective of this section is to enable investors to make a preliminary assessment of the major costs involved in doing business in Malaysia. Investors who require more specific details can contact MIDA headquarters in Kuala Lumpur or the nearest MIDA overseas or state offices for further advice and assistance.
One Ringgit Malaysia (RM) is divided into 100 sen. Currently, the Ringgit exchange rate operates on a managed-float regime against a trade-weighted basket of currencies. In this section, costs quoted in US Dollar are conversions based on US$1 = RM4.29 (as at 31 December 2015)
To view exchange rates of the major foreign currencies, please visit the Bank Negara Malaysia's website.
Average lending rates (ALR): Commercial banks - 4.46% (as at Oct 2016)
Source: Bank Negara Malaysia - www.bnm.gov.my
Disclaimer: Although every effort has been made to verify the accuracy of the information contained in this section, MIDA will not be held responsible for any damage or loss suffered by any person or company arising from the use of the information.