Exchange Rate Home >> Country Info >> Malaysia
Malaysia |
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Introduction
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Background:
During the late 18th and 19th centuries, Great Britain established colonies and protectorates in the area of current Malaysia; these were occupied by Japan from 1942 to 1945. In 1948, the British-ruled territories on the Malay Peninsula formed the Federation of Malaya, which became independent in 1957. Malaysia was formed in 1963 when the former British colonies of Singapore and the East Malaysian states of Sabah and Sarawak on the northern coast of Borneo joined the Federation. The first several years of the country's history were marred by a Communist insurgency, Indonesian confrontation with Malaysia, Philippine claims to Sabah, and Singapore's secession from the Federation in 1965. During the 22-year term of Prime Minister MAHATHIR bin Mohamad (1981-2003), Malaysia was successful in diversifying its economy from dependence on exports of raw materials to expansion in manufacturing, services, and tourism.
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Geography
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Freshwater withdrawal (domestic/industrial/agricultural):
total: 9.02 cu km/yr (17%/21%/62%) per capita: 356 cu m/yr (2000)
Total renewable water resources:
580 cu km (1999)
Land boundaries:
total: 2,669 km border countries: Brunei 381 km, Indonesia 1,782 km, Thailand 506 km
Environment - international agreements:
party to: Biodiversity, Climate Change, Climate Change-Kyoto Protocol, Desertification, Endangered Species, Hazardous Wastes, Law of the Sea, Marine Life Conservation, Ozone Layer Protection, Ship Pollution, Tropical Timber 83, Tropical Timber 94, Wetlands
Climate:
tropical; annual southwest (April to October) and northeast (October to February) monsoons
Map references:
Southeast Asia
Geographic coordinates:
2 30 N, 112 30 E
Natural resources:
tin, petroleum, timber, copper, iron ore, natural gas, bauxite
Elevation extremes:
lowest point: Indian Ocean 0 m highest point: Gunung Kinabalu 4,100 m
Terrain:
coastal plains rising to hills and mountains
Geography - note:
strategic location along Strait of Malacca and southern South China Sea
Area:
total: 329,750 sq km land: 328,550 sq km water: 1,200 sq km
Location:
Southeastern Asia, peninsula bordering Thailand and northern one-third of the island of Borneo, bordering Indonesia, Brunei, and the South China Sea, south of Vietnam
Coastline:
4,675 km (Peninsular Malaysia 2,068 km, East Malaysia 2,607 km)
Area - comparative:
slightly larger than New Mexico
Irrigated land:
3,650 sq km (2003)
Environment - current issues:
air pollution from industrial and vehicular emissions; water pollution from raw sewage; deforestation; smoke/haze from Indonesian forest fires
Maritime claims:
territorial sea: 12 nm exclusive economic zone: 200 nm continental shelf: 200 m depth or to the depth of exploitation; specified boundary in the South China Sea
Natural hazards:
flooding, landslides, forest fires
Land use:
arable land: 5.46% permanent crops: 17.54% other: 77% (2005)
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People
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Total fertility rate:
2.98 children born/woman (2008 est.)
Sex ratio:
at birth: 1.07 male(s)/female under 15 years: 1.06 male(s)/female 15-64 years: 1.01 male(s)/female 65 years and over: 0.78 male(s)/female total population: 1.01 male(s)/female (2008 est.)
HIV/AIDS - adult prevalence rate:
0.4% (2003 est.)
HIV/AIDS - people living with HIV/AIDS:
52,000 (2003 est.)
Life expectancy at birth:
total population: 73.03 years male: 70.32 years female: 75.94 years (2008 est.)
Major infectious diseases:
degree of risk: high food or waterborne diseases: bacterial diarrhea, hepatitis A, and typhoid fever vectorborne diseases: dengue fever and malaria note: highly pathogenic H5N1 avian influenza has been identified in this country; it poses a negligible risk with extremely rare cases possible among US citizens who have close contact with birds (2008)
Literacy:
definition: age 15 and over can read and write total population: 88.7% male: 92% female: 85.4% (2000 census)
Net migration rate:
NA note: does not reflect net flow of an unknown number of illegal immigrants from other countries in the region (2008 est.)
Ethnic groups:
Malay 50.4%, Chinese 23.7%, indigenous 11%, Indian 7.1%, others 7.8% (2004 est.)
Median age:
total: 24.6 years male: 24 years female: 25.3 years (2008 est.)
Population:
25,274,132 (July 2008 est.)
Education expenditures:
6.2% of GDP (2004)
Population growth rate:
1.742% (2008 est.)
Languages:
Bahasa Malaysia (official), English, Chinese (Cantonese, Mandarin, Hokkien, Hakka, Hainan, Foochow), Tamil, Telugu, Malayalam, Panjabi, Thai note: in East Malaysia there are several indigenous languages; most widely spoken are Iban and Kadazan
Death rate:
5.02 deaths/1,000 population (2008 est.)
Infant mortality rate:
total: 16.39 deaths/1,000 live births male: 18.92 deaths/1,000 live births female: 13.68 deaths/1,000 live births (2008 est.)
HIV/AIDS - deaths:
2,000 (2003 est.)
School life expectancy (primary to tertiary education):
total: 13 years male: 12 years female: 13 years (2005)
Age structure:
0-14 years: 31.8% (male 4,135,013/female 3,898,761) 15-64 years: 63.3% (male 8,026,755/female 7,965,332) 65 years and over: 4.9% (male 548,970/female 699,302) (2008 est.)
Birth rate:
22.44 births/1,000 population (2008 est.)
Religions:
Muslim 60.4%, Buddhist 19.2%, Christian 9.1%, Hindu 6.3%, Confucianism, Taoism, other traditional Chinese religions 2.6%, other or unknown 1.5%, none 0.8% (2000 census)
Nationality:
noun: Malaysian(s) adjective: Malaysian
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Government
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Diplomatic representation from the US:
chief of mission: Ambassador James R. KEITH embassy: 376 Jalan Tun Razak, 50400 Kuala Lumpur mailing address: US Embassy Kuala Lumpur, APO AP 96535-8152 telephone: [60] (3) 2168-5000 FAX: [60] (3) 2142-2207
National holiday:
Independence Day/Malaysia Day, 31 August (1957)
Suffrage:
21 years of age; universal
Government type:
constitutional monarchy note: nominally headed by paramount ruler and a bicameral Parliament consisting of a nonelected upper house and an elected lower house; all Peninsular Malaysian states have hereditary rulers except Melaka and Pulau Pinang (Penang); those two states along with Sabah and Sarawak in East Malaysia have governors appointed by government; powers of state governments are limited by federal constitution; under terms of federation, Sabah and Sarawak retain certain constitutional prerogatives (e.g., right to maintain their own immigration controls)
Political pressure groups and leaders:
Bersih (electoral reform); Sharia High Court other: religious groups; women's groups; youth groups
Diplomatic representation in the US:
chief of mission: Ambassador (vacant); Charge d'Affaires Ilango KARUPPANNAN chancery: 3516 International Court NW, Washington, DC 20008 telephone: [1] (202) 572-9700 FAX: [1] (202) 572-9882 consulate(s) general: Los Angeles, New York
International organization participation:
ADB, APEC, APT, ARF, ASEAN, BIS, C, CP, EAS, FAO, G-15, G-77, IAEA, IBRD, ICAO, ICC, ICRM, IDA, IDB, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, IMSO, Interpol, IOC, IPU, ISO, ITSO, ITU, ITUC, MIGA, MINURSO, MONUC, NAM, OIC, OPCW, PCA, PIF (partner), UN, UNCTAD, UNESCO, UNIDO, UNIFIL, UNMIL, UNMIS, UNMIT, UNWTO, UPU, WCL, WCO, WFTU, WHO, WIPO, WMO, WTO
Legislative branch:
bicameral Parliament or Parlimen consists of Senate or Dewan Negara (70 seats; 44 appointed by paramount ruler, 26 elected by 13 state legislatures; to serve three-year terms with limit of two terms) and House of Representatives or Dewan Rakyat (222 seats; members elected by popular vote to serve five-year terms) elections: House of Representatives - last held on 8 March 2008 (next to be held by June 2013) election results: House of Representatives - percent of vote - BN coalition 50.3%, opposition parties 46.8%, others 2.9%; seats - BN coalition 140, opposition parties 82
Legal system:
based on English common law; judicial review of legislative acts in the Supreme Court at request of supreme head of the federation; Islamic law is applied to Muslims in matters of family law and religion; has not accepted compulsory ICJ jurisdiction
Flag description:
14 equal horizontal stripes of red (top) alternating with white (bottom); there is a blue rectangle in the upper hoist-side corner bearing a yellow crescent and a yellow 14-pointed star; the crescent and the star are traditional symbols of Islam; the design was based on the flag of the US
Independence:
31 August 1957 (from UK)
Country name (Goverment):
conventional long form: none conventional short form: Malaysia local long form: none local short form: Malaysia former: Federation of Malaya
Political parties and leaders:
National Front (Barisan Nasional) or BN (ruling coalition) consists of the following parties: Gerakan Rakyat Malaysia Party or PGRM [KOH Tsu Koon]; Liberal Democratic Party (Parti Liberal Demokratik - Sabah) or LDP [LIEW Vui Keong]; Malaysian Chinese Association (Persatuan China Malaysia) or MCA [ONG Tee Keat]; Malaysian Indian Congress (Kongres India Malaysia) or MIC [S. Samy VELLU]; Parti Bersatu Rakyat Sabah or PBRS [Joseph KURUP]; Parti Bersatu Sabah or PBS [Joseph PAIRIN Kitingan]; Parti Pesaka Bumiputera Bersatu or PBB [Abdul TAIB Mahmud]; Parti Rakyat Sarawak or PRS [James MASING]; Sarawak United People's Party (Parti Bersatu Rakyat Sarawak) or SUPP [George CHAN Hong Nam]; United Malays National Organization or UMNO [ABDULLAH bin Ahmad Badawi]; United Pasokmomogun Kadazandusun Murut Organization (Pertubuhan Pasko Momogun Kadazan Dusun Bersatu) or UPKO [Bernard DOMPOK]; People's Progressive Party (Parti Progresif Penduduk Malaysia) or PPP [M.Kayveas]; Sarawak Progressive Democratic Party or SPDP [William MAWAN]) People's Alliance (Pakatan Rakyat) or PR (opposition coalition) consists of the following parties: Democratic Action Party (Parti Tindakan Demokratik) or DAP [KARPAL Singh]; Islamic Party of Malaysia (Parti Islam se Malaysia) or PAS [Abdul HADI Awang]; People's Justice Party (Parti Keadilan Rakyat) or PKR [WAN AZIZAH Wan Ismail]; Sarawak National Party or SNAP [Edwin DUNDANG] independent party: Sabah Progressive Party (Parti Progresif Saban) or SAPP [YONG Teck Lee]
Capital:
name: Kuala Lumpur geographic coordinates: 3 10 N, 101 42 E time difference: UTC+8 (13 hours ahead of Washington, DC during Standard Time) note: Putrajaya is referred to as administrative center not capital; Parliament meets in Kuala Lumpur
Constitution:
31 August 1957 (amended many times, latest in 2007)
Executive branch:
chief of state: Paramount Ruler Sultan MIZAN Zainal Abidin (since 13 December 2006) head of government: Prime Minister ABDULLAH bin Ahmad Badawi (since 31 October 2003); Deputy Prime Minister Mohamed NAJIB bin Abdul Razak (since 7 January 2004) cabinet: Cabinet appointed by the prime minister from among the members of Parliament with consent of the paramount ruler elections: paramount ruler elected by and from the hereditary rulers of nine of the states for five-year terms; election last held on 3 November 2006 (next to be held in 2011); prime minister designated from among the members of the House of Representatives; following legislative elections, the leader of the party that wins a plurality of seats in the House of Representatives becomes prime minister election results: Sultan MIZAN Zainal Abidin elected paramount ruler note: position of paramount ruler is primarily ceremonial; in practice, selection is based on principle of rotation among rulers of states
Administrative divisions:
13 states (negeri-negeri, singular - negeri) Johor, Kedah, Kelantan, Melaka, Negeri Sembilan, Pahang, Perak, Perlis, Pulau Pinang, Sabah, Sarawak, Selangor, and Terengganu; and one federal territory (wilayah persekutuan) with three components, city of Kuala Lumpur, Labuan, and Putrajaya
Judicial branch:
Civil Courts include Federal Court, Court of Appeal, High Court of Malaya on peninsula Malaysia, and High Court of Sabah and Sarawak in states of Borneo (judges appointed by the paramount ruler on the advice of the prime minister); Sharia Courts include Sharia Appeal Court, Sharia High Court, and Sharia Subordinate Courts at state-level and deal with religious and family matters such as custody, divorce, and inheritance, only for Muslims; decisions of Sharia courts cannot be appealed to civil courts
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Economy
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Exports - partners:
US 15.6%, Singapore 14.6%, Japan 9.1%, China 8.8%, Thailand 5%, Hong Kong 4.6% (2007)
Electricity - consumption:
95.98 billion kWh (2006 est.)
Electricity - imports:
0 kWh (2007 est.)
Current account balance:
$27.44 billion (2008 est.)
Debt - external:
$54.11 billion (31 December 2008 est.)
Unemployment rate:
3.7% (2008 est.)
Oil - exports:
546,300 bbl/day (2005)
GDP - per capita (PPP):
$15,700 (2008 est.)
Investment (gross fixed):
20.7% of GDP (2008 est.)
Stock of domestic credit:
$220 billion (31 December 2007)
GDP (purchasing power parity):
$397.5 billion (2008 est.)
GDP (official exchange rate):
$214.7 billion (2008 est.)
Distribution of family income - Gini index:
46.1 (2002)
Exchange rates:
ringgits (MYR) per US dollar - 3.33 (2008 est.), 3.46 (2007), 3.6683 (2006), 3.8 (2005), 3.8 (2004)
GDP - real growth rate:
5.5% (2008 est.)
Stock of money:
$49.41 billion (31 December 2007)
Labor force:
11.2 million (2008 est.)
Imports - partners:
Japan 13%, China 12.9%, Singapore 11.5%, US 10.8%, Taiwan 5.7%, Thailand 5.3%, South Korea 4.9%, Germany 4.6%, Indonesia 4.2% (2007)
Inflation rate (consumer prices):
5.8% note: approximately 30% of goods are price-controlled (2008 est.)
GDP - composition by sector:
agriculture: 9.7% industry: 44.6% services: 45.7% (2008 est.)
Oil - imports:
308,500 bbl/day (2005)
Exports:
$195.7 billion f.o.b. (2008 est.)
Natural gas - consumption:
32.9 billion cu m (2007 est.)
Currency (code):
ringgit (MYR)
Economy - overview:
Malaysia, a middle-income country, has transformed itself since the 1970s from a producer of raw materials into an emerging multi-sector economy. Since coming to office in 2003, Prime Minister ABDULLAH has tried to move the economy farther up the value-added production chain by attracting investments in high technology industries, medical technology, and pharmaceuticals. The Government of Malaysia is continuing efforts to boost domestic demand to wean the economy off of its dependence on exports. Nevertheless, exports - particularly of electronics - remain a significant driver of the economy. As an oil and gas exporter, Malaysia has profited from higher world energy prices, although the rising cost of domestic gasoline and diesel fuel forced Kuala Lumpur to reduce government subsidies. Malaysia "unpegged" the ringgit from the US dollar in 2005 and the currency appreciated 6% per year against the dollar in 2006-08. Although this has helped to hold down the price of imports, inflationary pressures began to build in 2007 - in 2008 inflation stood at nearly 6%, year-over-year. Healthy foreign exchange reserves and a small external debt greatly reduce the risk that Malaysia will experience a financial crisis over the near term similar to the one in 1997. The government presented its five-year national development agenda in April 2006 through the Ninth Malaysia Plan, a comprehensive blueprint for the allocation of the national budget from 2006-10. ABDULLAH has unveiled a series of ambitious development schemes for several regions that have had trouble attracting business investment. Real GDP growth has averaged about 6% per year under ABDULLAH, but regions outside of Kuala Lumpur and the manufacturing hub Penang have not fared as well.
Natural gas - exports:
31.6 billion cu m (2007 est.)
Imports - commodities:
electronics, machinery, petroleum products, plastics, vehicles, iron and steel products, chemicals
Industries:
Peninsular Malaysia - rubber and oil palm processing and manufacturing, light manufacturing, electronics, tin mining and smelting, logging, timber processing; Sabah - logging, petroleum production; Sarawak - agriculture processing, petroleum production and refining, logging
Electricity - exports:
2.524 billion kWh (2006 est.)
Population below poverty line:
5.1% (2002 est.)
Commercial bank prime lending rate:
6.41% (31 December 2007)
Stock of quasi money:
$187.6 billion (31 December 2007)
Electricity - production:
102.9 billion kWh (2007 est.)
Imports:
$156.2 billion f.o.b. (2008 est.)
Oil - proved reserves:
4 billion bbl (1 January 2008 est.)
Labor force - by occupation:
agriculture: 13% industry: 36% services: 51% (2005 est.)
Natural gas - proved reserves:
2.35 trillion cu m (1 January 2008 est.)
Reserves of foreign exchange and gold:
$104.4 billion (31 December 2008 est.)
Oil - consumption:
501,100 bbl/day (2006 est.)
Stock of direct foreign investment - abroad:
$50.08 billion (2008 est.)
Public debt:
42.7% of GDP (2008 est.)
Stock of direct foreign investment - at home:
$92.76 billion (2008 est.)
Market value of publicly traded shares:
$325.7 billion (31 December 2007)
Currency code:
MYR
Household income or consumption by percentage share:
lowest 10%: 1.4% highest 10%: 39.2% (2003 est.)
Exports - commodities:
electronic equipment, petroleum and liquefied natural gas, wood and wood products, palm oil, rubber, textiles, chemicals
Economic aid - recipient:
$31.6 million (2005)
Electricity - production by source:
fossil fuel: 89.5% hydro: 10.5% nuclear: 0% other: 0% (2001)
Natural gas - imports:
0 cu m (2007 est.)
Natural gas - production:
64.5 billion cu m (2007 est.)
Budget:
revenues: $44.32 billion expenditures: $55.01 billion (2008 est.)
Fiscal year:
calendar year
Oil - production:
753,700 bbl/day (2008 est.)
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Communications
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Internet users:
15.868 million (2007)
Telephones - main lines in use:
4.35 million (2007)
Televisions:
10.8 million (1999)
Internet country code:
.my
Radio broadcast stations:
AM 35, FM 391, shortwave 15 (2001)
Radios:
10.9 million (1999)
Telephones - mobile cellular:
23.347 million (2007)
Television broadcast stations:
88 (mainland Malaysia 51, Sabah 16, and Sarawak 21) (2006)
Telephone system:
general assessment: modern system; international service excellent domestic: good intercity service provided on Peninsular Malaysia mainly by microwave radio relay; adequate intercity microwave radio relay network between Sabah and Sarawak via Brunei; domestic satellite system with 2 earth stations; combined fixed-line and mobile cellular teledensity exceeds 110 per 100 persons international: country code - 60; landing point for several major international submarine cable networks that provide connectivity to Asia, Middle East, and Europe; satellite earth stations - 2 Intelsat (1 Indian Ocean, 1 Pacific Ocean) (2007)
Internet Service Providers (ISPs):
7 (2000)
Internet hosts:
377,716 (2008)
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Transportation
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Waterways:
7,200 km note: Peninsular Malaysia 3,200 km; Sabah 1,500 km; Sarawak 2,500 km (2008)
Pipelines:
condensate 282 km; gas 5,273 km; oil 1,750 km; oil/gas/water 19 km; refined products 114 km (2007)
Railways:
total: 1,890 km standard gauge: 57 km 1.435-m gauge (57 km electrified) narrow gauge: 1,833 km 1.000-m gauge (150 km electrified) (2006)
Ports and terminals:
Bintulu, Johor Bahru, Kuantan, Labuan, George Town (Penang), Port Kelang, Tanjung Pelepas
Transportation - note:
the International Maritime Bureau reports the territorial and offshore waters in the Strait of Malacca and South China Sea as high risk for piracy and armed robbery against ships; numerous commercial vessels have been attacked and hijacked both at anchor and while underway; hijacked vessels are often disguised and cargo diverted to ports in East Asia; crews have been murdered or cast adrift
Heliports:
2 (2007)
Merchant marine:
total: 306 by type: bulk carrier 12, cargo 97, carrier 1, chemical tanker 34, container 46, liquefied gas 33, passenger/cargo 5, petroleum tanker 71, roll on/roll off 3, vehicle carrier 4 foreign-owned: 40 (Germany 1, Hong Kong 14, Japan 4, Russia 2, Singapore 16, Sweden 3) registered in other countries: 68 (Bahamas 13, Marshall Islands 3, Norway 1, Panama 12, Philippines 1, Saint Kitts and Nevis 1, Singapore 27, Thailand 3, Tuvalu 1, US 2, unknown 4) (2008)
Airports - with paved runways:
total: 36 over 3,047 m: 5 2,438 to 3,047 m: 9 1,524 to 2,437 m: 8 914 to 1,523 m: 8 under 914 m: 6 (2007)
Roadways:
total: 98,721 km paved: 80,280 km (includes 1,821 km of expressways) unpaved: 18,441 km (2004)
Airports - with unpaved runways:
total: 80 1,524 to 2,437 m: 1 914 to 1,523 m: 7 under 914 m: 72 (2007)
Airports:
116 (2007)
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Military
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Military service age and obligation:
18 years of age for voluntary military service (2005)
Manpower available for military service:
males age 16-49: 6,440,338 females age 16-49: 6,280,826 (2008 est.)
Manpower fit for military service:
males age 16-49: 5,374,006 females age 16-49: 5,316,865 (2008 est.)
Military branches:
Malaysian Armed Forces (Angkatan Tentera Malaysia, ATM): Malaysian Army (Tentera Darat Malaysia), Royal Malaysian Navy (Tentera Laut Diraja Malaysia, TLDM), Royal Malaysian Air Force (Tentera Udara Diraja Malaysia, TUDM) (2008)
Manpower reaching militarily significant age annually:
male: 260,725 female: 247,309 (2008 est.)
Military expenditures:
2.03% of GDP (2005 est.)
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Transnational Issues
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Disputes - international:
Malaysia has asserted sovereignty over the Spratly Islands together with China, Philippines, Taiwan, Vietnam, and possibly Brunei; while the 2002 "Declaration on the Conduct of Parties in the South China Sea" has eased tensions over the Spratly Islands, it is not the legally binding "code of conduct" sought by some parties; Malaysia was not party to the March 2005 joint accord among the national oil companies of China, the Philippines, and Vietnam on conducting marine seismic activities in the Spratly Islands; disputes continue over deliveries of fresh water to Singapore, Singapore's land reclamation, bridge construction, and maritime boundaries in the Johor and Singapore Straits; in November 2007, the ICJ will hold public hearings in response to the Memorials and Countermemorials filed by the parties in 2003 and 2005 over sovereignty of Pedra Branca Island/Pulau Batu Puteh, Middle Rocks and South Ledge; ICJ awarded Ligitan and Sipadan islands, also claimed by Indonesia and Philippines, to Malaysia but left maritime boundary and sovereignty of Unarang rock in the hydrocarbon-rich Celebes Sea in dispute; separatist violence in Thailand's predominantly Muslim southern provinces prompts measures to close and monitor border with Malaysia to stem terrorist activities; Philippines retains a dormant claim to Malaysia's Sabah State in northern Borneo; Brunei and Malaysia agreed in September 2008 to resolve their offshore and deepwater seabed dispute, resume hydrocarbon exploration and renounce any territorial claims on land; piracy remains a problem in the Malacca Strait
Refugees and internally displaced persons:
refugees (country of origin): 15,174 (Indonesia); 21,544 (Burma) (2007)
Trafficking in persons:
current situation: Malaysia is a destination and, to a lesser extent, a source and transit country for women and children trafficked for the purpose of commercial sexual exploitation, and men, women, and children for forced labor; Malaysia is mainly a destination country for men, women, and children who migrate willingly from South and Southeast Asia to work, some of whom are subjected to conditions of involuntary servitude by Malaysian employers in the domestic, agricultural, construction, plantation, and industrial sectors; to a lesser extent, some Malaysian women, primarily of Chinese ethnicity, are trafficked abroad for commercial sexual exploitation tier rating: Tier 2 Watch List - Malaysia improved from Tier 3 to the Tier 2 Watch List for 2008 when it enacted comprehensive anti-trafficking legislation in July 2007; however, it did not take action against exploitative employers or labor traffickers in 2007; the government has not ratified the 2000 UN TIP Protocol (2008)
Illicit drugs:
drug trafficking prosecuted vigorously and carries severe penalties; heroin still primary drug of abuse, but synthetic drug demand remains strong; continued ecstasy and methamphetamine producer for domestic users and, to a lesser extent, the regional drug market
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