Malaysia is certain to become a developed country. Located in two separate regions in the South China Sea, Malaysia is a small country with a fast-growing economy. While significant, Malaysias productivity growth over the past 25 years has been below thatof several global and regional comparators. [209] Malaysia was ranked 38th in the Travel and Tourism Competitiveness Report 2019. A developed country, or high-income country, is a sovereign state that has a high quality of life, developed economy, and advanced technological infrastructure relative to other less industrialized nations. [179] Illegal fishing is another major threat,[179] with fishing methods such as dynamite fishing and poisoning depleting marine ecosystems. People within the 1564 age group constitute 69.5 percent of the total population; the 014 age group corresponds to 24.5 percent; while senior citizens aged 65 years or older make up 6.0 percent. The Hub partners with its Malaysian counterparts in cementing the countrys global leadership in Islamic finance. [213][214], Railway transport in Malaysia is state-run, and spans some 2,783 kilometres (1,729mi). The southernmost point of continental Eurasia is in Tanjung Piai. [89] Malaysia's ranking in the 2020 Press Freedom Index increased by 22 places to 101st compared to the previous year, making it one of two countries in Southeast Asia without a 'Difficult situation' or 'Very Serious situation' with regards to press freedom. Hindus in Malaysia celebrate Deepavali, the festival of lights,[324] while Thaipusam is a religious rite which sees pilgrims from all over the country converge at the Batu Caves. The country achieved independence on 31 August 1957. [100] The federal constitution puts local authorities outside of the federal territories under the exclusive jurisdictions of the state government,[101] although in practice the federal government has intervened in the affairs of state local governments. [84] There is ongoing debate over whether the laws and society of Malaysia should reflect Islamism or secularism. Malaysia's legal system is based on English Common Law. [35] In modern terminology, Malay remains the name of an ethnoreligious group of Austronesian people predominantly inhabiting the Malay Peninsula and portions of the adjacent islands of Southeast Asia, including the east coast of Sumatra, the coast of Borneo, and smaller islands that lie between these areas.
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