StrategicRISK examines the challenges facing South-East Asia’s third-largest economy
Welcome to StrategicRISK’s 2014 Malaysia Risk Report, which examines the challenges facing South-East Asia’s third-largest economy.
Since last year’s report, the country’s national airline has suffered two major extraordinary incidents, resulting in the deaths of 537 people. The MH370 and MH17 disasters have cast a shadow over Malaysian society and business, causing long-term damage to Malaysia’s psyche. We spoke to local risk practitioners and brokers, who saw the Malaysia Airlines tragedies as highlighting the importance of reputation and crisis management.
They further suggested these events had come at a time of rising societal tensions and anxiety about the strength of the Malaysian economy. It will be interesting to see how this so-called ‘tiger cub’ economy fares in what seems to be an increasingly challenging regional environment.
This report is produced with the support of Zurich, and with the assistance of the Pan-Asia Risk and Insurance Management Association (PARIMA). PARIMA’s aim is to strengthen and enhance the risk culture in the region
through the creation of opportunities for education and dialogue within the risk management community. It is a mission that sits comfortably with the aims of our publication, and we will be working with PARIMA members in the future to bring you comprehensive coverage of Asia-Pacific’s risk landscape.
Keep an eye out for future risk reports on countries such as China, Japan, South Korea, Taiwan and the Philippines - and our pan-Asia risk report and interactive webinar towards the end of the year.