Why Do Business in Malaysia ?
Malaysia is fast emerging as a choice destination for international investors and businesses for various reasons:
1) Supported by the local organisations such as MyCEB & MIDA
2) Value for money
3) Strategic location & easy accessibility in the world map
4) Rapid economic development
5) Comfortable accommodation with Malaysian hospitality
6) Socio-political stability in a multicultural society
7) Fascinating myriad of pre and post-conference activities
1) Kuala Lumpur voted as one of the New Wonder Cities - New7Wonders 2014
2) Malaysia ranked 33rd in the Global Peace Index - Global Peace Index (GPI) 2014
3) Top 10th Most Attractive Destination - FDI
4) The 14th Most Competitive Nation in the World - Forbes
5) The 12th in the Ease of Doing Business
6) The 29th Most Networked Economy
7) Top 10 Travel Destinations - Lonely Planet 2014
8) Malaysia lies in the fusion of it all, into a country that is one of the safest, most stable and easiest to manage in Southeast Asia - Lonely Planet
9) Malaysia: 11th Most Travelled To Destination in 2013 - UNWTO, United Nations World Tourism Organisation
10) Malaysia ranks No. 1 among non-native speaking Asian countries for high proficiency - English Proficiency Index 2014
11) 6th most price competitive country in the world for travel - Travel & Tourism Competitive Index, World Economic Forum 2014
Key Industry Sectors
Automotive, chemical, commerce & finance, electronics & electrical, furniture, oil & gas, palm oil, renewable energy, rubber, science, technology, textile, timber, halal, Islamic finance, medical science, and education.
1) Malaysia offers a wide range of natural resources (e.g. crude oil, natural gas, tin, timber, palm oil, and rubber).
2) Malaysia’s GDP growth remained resilient at 5.6% in 2012, led by the favourable performance of the manufacturing and services sectors, and supported by robust construction activity.
3) The share of Gross National Savings (GNS) to Gross National Income (GNI) is expected to remain strong at 32.7%, contributed by high private sector savings.
4) Per capita income in Malaysia shows an increase to RM30, 956 (USD9, 674).
5) The unemployment rate in Malaysia remained low at 3.2%.
6) Inflation (CPI) recorded in moderate percentage at 1.9%.
7) The total trade continues to grow especially in export of manufactured goods in 2012, with 67% of total exports.