Yeah Malaysia is def cool. Been there a long while ago but loved it.
And avoiding Thailand pretty much.
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Yes, Thailand is certainly better than staying in Australia or NZ, but for expats - other than USD multimillionaires - to base there, I think these days it's rather overrated and oversubscribed:
https://www.numbeo.com/cost-of-living/compare_countries_result.jsp?country1=Thailand&country2=Malaysia