Why Malaysia Is the
New Gateway to Southeast Asia
May 21, 2019 | 1PM EDT / 6PM BST
Malaysia is Southeast Asia’s third-largest economy and one of the most open economies in the world according to the World Bank. The country has an average growth rate of over 5 percent this decade and is expected to move from an upper middle-income economy to a high income one in just five years. Its government is now actively pursuing foreign direct investment, offering incentives to tech companies and capital investors in an effort to lure them away from the traditional regional hubs of Singapore and Hong Kong.
There are in short many good reasons for foreign companies to consider expanding into Malaysia. Not only is its economy growing rapidly, it has an educated, multicultural, English-speaking workforce, world-class infrastructure and relatively low operating costs. There are, however, challenges to operating in Malaysia. For example, there remains some uncertainty surrounding Prime Minister Mahathir bin Mohamad’s government, since his party — which came to power last year — is the first since 1957 to unseat the traditional ruling party.
In this webinar, Olivier Too, director of Vistra’s Kuala Lumpur office, and Norain Abu Talib, associate director of corporate secretarial services, provide an overview of Malaysia’s current political and economic environment, and discuss why the country is such an attractive expansion alternative to Singapore and Hong Kong.
Here are some of the specific topics they’ll address:
- Update on the political and economic situation in Malaysia one year after 2018’s shock election result
- Recent changes to Malaysian institutions, regulations and incentives for international businesses
- Current trends in Malaysia’s foreign direct investment landscape
- Competitive advantages of Malaysia as an Asian business hub
- Primary concerns for businesses considering expanding into Malaysia