Why Malaysia?
- Steady Economic Success: In 2019, Malaysia’s economy maintained a steady growth of 4.6%, and is expected to increase by 4.8% in 2020 (source: www.thestar.com.my/business)
- High Degree of Global Trade: Malaysia’s total trade for 2019 reached RM1.52 trillion (comprising of exports valued at RM819.13 billion and imports worth RM700.93 billion). At an expansion rate of 13.3%, the period of January-October also saw the country’s highest trade surplus since 2009 (source: matrade.gov.my)
- Ease of Doing Business: Malaysia is the 12th easiest economy in the world for doing business, according to the Ease of Doing Business Report 2019 released by the World Bank (source: www.doingbusiness.org)
- Competitiveness: In the Global Competitiveness Report (2019) by the World Economic Forum, Malaysia was ranked the 2nd most competitive country within ASEAN, and the 27th most competitive nation in the world. Malaysia also ranked 15th in the world for its financial system and 18th in the world for business dynamism (source: weforum.org)
- Supportive Government Policies: Government policies that maintain a business environment with opportunities for growth and profits have made Malaysia an attractive manufacturing and export base in the region. These include liberal investment policies, attractive tax incentives, and generous foreign exchange controls (source: www.mida.gov.my)