Facts of Business Environment in Malaysia
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Malaysia is located in the heard of Southeast Asia with population of 28.3 million consists of three major multi ethnic groups: Malay, Chinese, Indian. The multi ethnic or multiracial in turn has created a multilingual society. English, Malay, Chinese and Tamil are widely used in Malaysia. Since more than thirty years, MNCs has begun to utilize the multilingual advantage to setup their footprints in Malaysia as one of their business strategic location, or the Asia Pacific business. |
A large number of MNCsf investment poured in to
Malaysia
few decades before has helped Malaysia to gain
international business experience and exposure. As a result, numbers of
skilled and
literate
workforce,
including senior management level resources were
created.
This is one of Malaysia's assets,
as
a strategic value added business location in the Asian
region
to the world. On
top of
that is
low cost business environment.
As an effort to
drive economic growth,
Malaysian government has taken some measures, which include
in
providing
various investment incentives to foreign investors,
implementing
business friendly policies as well as establishing
diplomatic
ties
with
various countries and regions.
The measures are to foster
international business links.
A
membership
in
ASEAN
(Association of Southeast Asian Nations) and OIC (Organization of Islamic
Cooperation)
has equipped
Malaysia
an advantage
to access into ASEAN and Islamic countries markets(especially Middle Eastern
nations).
On top of that, good diplomatic and trade relationships
with
the
Greater China as well as Look East Policy and EPA
(Japan - Malaysia Economic Cooperation Agreement) with Japan
to allow
business and trade between Malaysia and East Asian
countries done smoothly.
Today, Malaysia is known as a value added, lower cost destination for Eastern and Western corporations. Malaysia, but not most of other countries in the region, is chosen by the corporations to setup their footprint as one of business strategic location.
Investment
Opportunities in Malaysia
Strategic ICT Roadmap for Malaysia
(PDF format)
MSC Program - An ICT Strategy of Malaysia
Economic Transformation Programme
Malaysia
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