Malaysian Institute of Economic Research is an independent, non-profit organisation devoted to Economic Research that serves as a think-tank for the government and the private sector. MIER undertakes independent and high quality problem-oriented research on economic, financial and business issues facing the country and provides advice on macroeconomic management, development and future economic perspectives. In undertaking this task, the Institute seeks to achieve the following objectives: Serve as a bridge between the government, the private sector and the universities, and become a focal point for economic, financial and business research in the country; Undertake economic research projects commissioned by clients in the public and private sectors; Collaborate with other research institutes, at home and abroad, on topics of relevance to the country; Publish and disseminate the results of its research work, and organize symposium and conferences to promote exchange of ideas and views; Provide occasional training for officials from government agencies and private sector organisations. The research activities of the Institute are organised into four research divisions, namely, Macroeconomic Surveillance and Forecasting, Policy Studies, Industry Studies and Area Studies. The research projects undertaken by the Institute are mainly applied and policy-oriented in nature.