The Economy/ Contents

Food production

H. Osman Rani, M. Anuar Adnan and Mohamed Aslam

Banking and insurance The early foreign dominance of the financial sector has been offset by the growth of local banks and the establishment of key regulatory institutions. The introduction of Islamic banking in 1983 and the Labuan International Offshore Financial Centre in 1990 added further depth and diversity to the industry. The 1990s and 2000s, however, presented major challenges, among them the Asian financial crisis and the liberalization of the financial sector within the context of World Trade Organization agreements.

  • Information in the full article includes
  • Financial institutions
Bank Bumiputra

Opening ceremony of the first rural branch of Bank Bumiputra in Sabak Bernam, Selangor in 1968.