Cost of living in Malaysia is certainly cheaper than Qatar. At least the traffic fines and rents are affordable although it doesn't mean traffic offences can be committed more often than in Qatar! I am not from the IT industry but I think salaries here are higher than in Malaysia. Then again, you'd have to compare the cost of living too. With the IT industry in Bangalore and other cities in India booming right now, I wouldn't be surprised if India too pays top dollars to attract Indians back to the country.
Yes, Malaysia is a lovely country for a honeymoon and is worth considering for retirement.