Malaysia Business Environment Facts

Business Environment

• Market-oriented economy

• Well-developed financial and banking sector, including the Labuan International Financial Exchange

• Widely use of English, especially in business, legal and accounting practices based on the British system

• Large local business community with a long history in international business links

• Large foreign business community in all business sectors

• Extensive trade links - country's total trade was valued at RM1.169 trillion in 2010

Educated Workforce

• Multilingual speaking two or three languages, included English and Chinese

• English as business language and is widely use in legal and accounting field

• 20 public universities and 50 private universities and colleges to cover 28.4 million population.

• Experienced management talents with multinational corporations’ exposures.

Economic Strength

• GDP growth - 4.6%

• Gross national savings - 37.9% of GNI

• Debt service ratio - 2.7%

• Unemployment rate - 3.7%

• Inflation(CPI) - 5.4%

• Export of manufactured goods - 69.2% of total exports

Infrastructure

• World-class airport and seaport

• Developed highways and domestic air connection throughout the country

• Developed internet connectivity and world-class data center included cloud computing

• Developed industrial parks, free industrial zone, technology parks, Multimedia Super Corridors, Cybercity as well as economy develop corridors throughout the country

Government Policy

• Attractive tax and other incentives

• Intellectual property protection

• Friendly business policy