State, Provincial, & International Reviews
Friday, March 20 2015
Malaysia today is one of the world's top locations for offshore manufacturing and service-based operations as reflected in the presence of companies such as Agilent, General Electric, Intel, Baker Hughes, The Hershey Company and IBM. The presence of multinational corporations (MNCs) has stimulated the development of local supporting industries. With the rise of local vendors, more foreign companies are attracted to Malaysia to avail themselves to the supply chain and ecosystem that have been created over the years. Many of the existing foreign companies have also continued to show their confidence in the country's potentials as an investment location by expanding and diversifying, particularly in high technology projects.
Malaysia is a vibrant investment destination. Other than manufacturing, the Malaysian government is also strengthening the services industries as a part of its strategy to diversify and improve the competitiveness and resilience of the economy of the country. The global operations hub, and regional establishments, which include Operational Headquarters (OHQs), International Procurement Centres (IPCs) and Regional Distribution Centres (RDCs), as well as business and professional services, distributive trade, construction services, education and training services, tourism services, health services, ICT services and logistic services are among those activities promoted.