Malaysia is a federation of thirteen states in Southeast Asia. The name "Malaysia" was adopted in 1963 when the Federation of Malaya, Singapore, Sabah and Sarawak formed a 14-state federation. Singapore was expelled from the federation in 1965 and subsequently became an independent country.
Malaysia is well-endowed with natural resources in areas such as agriculture, forestry as well as minerals. In terms of agriculture, Malaysia is the world's primary exporter of natural rubber and palm oil, which together with sawn logs and sawn timber, cocoa, pepper, pineapple and tobacco dominate the growth of the sector. Palm oil is also a major generator of foreign exchange.
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