Saturday, May 23, 2009

Why Malaysia?

Choose Malaysia as your offshore location - the regional gateway to the Asian markets - and a world of business advantages awaits you. Considered the world's largest exporter of semiconductors and consumer electronics, Malaysia has earned the reputation of being an attractive location for both trade and investments since the colonial era. The dynamic economy and 25 years of uninterrupted growth has positioned Malaysia as an economic leader and premier market in Southeast Asia . Now, more than ever, two decades of incessant effort resulted in development of infrastructure and technological expertise, complemented by a very knowledgable workforce and diverse economic activities. Over the years this effort has resulted in establishment of a powerful foundation for Malaysia , making it a location of choice, as organizations globally scout for satisfying their high quality outsourcing needs. In short, there are three reasons why Malaysia is a location of choice in the globalized world today!



 

Seamless Business Environment

Pro-business government : Business focused governmental leaderships have aggressively streamlined regulatory processes to expedite business needs. Tangible procedures for offshore outsourcing has been established, refined and implemented to ensure companies hit the ground running from day one. Some of the established procedures are minimum customs formalities, relaxed monetary exchange controls, attractive tax incentives and deductions for R&D training.

IP protection, Data Security & Information Privacy: The Malaysian Government is serious in combating piracy and protecting the intellectual rights of corporations and individuals. The setting up of Special Copyright Task Force as the enforcement arm to provide adequate copyright protection and enactment of related legislation are testimonies to this commitment. Malaysia is a member of the World Intellectual Property Organization (WIPO), Paris Convention, Berne Convention and signatory to the Agreement on Trade Related Aspects of Intellectual Property Rights (TRIPS). Quick Facts

  • Malaysia is U.S' 10th largest trade partner (est. $44 billion in bilateral trade for 2005) and our largest trade partner in SE Asia .
  • Malaysia is America 's 10th largest export market for manufactured goods (source: The National Association of Manufacturers).
  • U.S. per capita exports to Malaysia exceed exports to Japan , France or Germany .
  • The U.S. is the largest foreign investor in Malaysia - U.S. private investment exceeds $30 billion.
  • Malaysia ranked 3rd most attractive investment destination (source: AT Kearney Global Rankings 2005 & McKinsey Global Institute's Emerging Global Labor Market Survey Study 2005)
  • Five Malaysian outsourcing companies made it to the Global Services 100 list, a capabilities-driven assessment of IT/ IT enabled service providers globally (source: neoIT-CMP Media)
  • Malaysia ranked very high in terms of an ?enabling business environment?, only a few notches behind countries like USA, Canada, UK, Australia, Germany, New Zealand, France, Ireland and Singapore, and better than the largest services markets of India and China (source: AT Kearney Global Rankings 2005)
  • 53.7% of Malaysia 's economy driven by Services, ahead of markets like India (23%), China (38.2%), Poland (53%) and Philippines (47%).(source: McKinsey Global Institute's Emerging Global Labor Market Survey Study 2005)
  • Cost of Living as a percentage to total net income for individuals approximately 27% lower than cost of living indices for India and Philippines (comparative costs between Kuala Lumpur , Manila , Bangalore , Mumbai and Noida)
  • Malaysia reflects attractive supply of labor in areas of Engineering (CAGR 10%), Finance & Accounting (CAGR 6%), Analysts (CAGR 6%), Generalists & Support Staff (CAGR 3%) year on year (source: McKinsey Global Institute's Emerging Global Labor Market Survey Study 2005).


 

Superior Infrastucture

Malaysia 's deep-water ports, modern airports and a sought-after expertise with developing sustainable and affordable public transportation systems, telecommunications, and reliable power and water facilities enable complex infrastructure necessities. An investment-friendly environment coupled with attractive tax breaks backs these catalysts. 

The Federal Government of Malaysia has made development of the global ICT industry a main focus. By establishing a unique quasi-government body, the Multimedia Development Corporation (MDC), a multimedia super corridor spanning various regions in the country has been established, so as to provide investors and opportunity seekers with not just superior enablers spanning infrastructure and policy flexibilities, but also a direct leverage factor into responsible government ministries. Companies like Shell, BMW, DHL, and HSBC are (just to name a few), large multinationals that have chosen Malaysia as the base for their regional headquarters. Also, large multinationals like NEC, Sacramento Coke and Sanyo have commenced strategic service partnerships with global service providers across a range of verticals spanning IT and business processes.

Talent development and enhancement is supported by 11 universities that focus continually, with industry input, on developing talent, providing high-quality education, strong work-ethics and language skills. This continued effort has resulted in the country attracting skilled workforce from other countries as well. With a unique regional ability to provide a very high standard of living within a very reasonable cost structure, investments continue to pour in to the country.  



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