Malaysia is a country in Southeast Asia that occupies parts of the Malaysian Peninsula and the island of Borneo. Rich in natural resources, and its traditional economic strength rests on goods. It is still an important source of rubber, produces more than half of the world's palm oil and is a net exporter of oil and gas. It is also known for its beaches, rainforests and a mixture of Malay, Chinese, Indian and European cultural influences. Malaysia has developed its economy into a predominantly industrial manufacturing country with the most modern and up-to-date technology, oriented towards the export of electronic and electrical products, cars and a wide range of goods for the domestic market. Recently, the services sector has been growing rapidly and significantly, and interest in foreign investment has risen sharply. The Government's long-term strategic plan is to technologically transform the manufacturing sector from the assembly of imported components, to the design and production of original products, with the aim of achieving the status of a highly industrialized country. Priority areas for production progress have also been identified, namely: advanced materials, automated production, biotechnology, microelectronics, IT sector and energy technology. Malaysia's goal is to become a regional hub of the digital economy, e-trade using the Internet, artificial intelligence and other new technologies.