Malaysia’s Business Landscape Continues to Thrive

In the first eight months of 2016, Malaysia recorded a total of RM35.86 billion of approved investments in the manufacturing sector, which will create 39,872 job opportunities, according to the country’s Minister of International Trade and Industry.

At a media conference held in conjunction with the Turun Padang Programme to the state of Selangor, Dato' Sri Mustapa Mohamed noted that Selangor continued to be among the top recipients of these investments.

The state was ranked second; behind Johor with total approved investments of RM3.82 billion. These investments are mainly in the food manufacturing, fabricated metal products, chemical & chemical products, machinery & equipment and petroleum products.

Out of the 159 manufacturing projects approved from January – August 2016, about 58% were new while the balance was expansion and diversification projects. For Selangor, more than 8,046 job opportunities will be created from new investments approved between January – August this year.

Main industry players in Selangor include NXP Semiconductors, Nippon Electric Glass (NEG), Western Digital, Sony EMCS, Hanwha Q-Cells, Hartalega, Perodua Global, Perusahaan Otomobil Nasional and KL-Kepong Oleomas.

The logistics industry forms the backbone of the supply chain and is recognized as the key to stimulate trade, facilitate businesses and spur economic growth. In the Eleventh Malaysia Plan (11MP), the focus is to develop integrated logistics and enhance trade facilitation mechanisms.

The government has also launched the Logistics and Trade Facilitation Masterplan (2015-2020) last year. It is projected to generate 146,000 new jobs, mostly in high skilled categories by 2020. With this, Malaysia is set to be the Preferred Logistics Gateway to Asia.

Today, Malaysia already is the host to renowned integrated logistics companies such as DHL Express, Nippon Express, Schenker Logistics, Steinweig and Fedex Trade Networks Transport & Brokerage. Not lagging behind are our local players such as Kontena Nasional, Syarikat Logistik Petikemas, Century Total Logistics, PKT Logistics and SnT Global Logistics.

“The very fact that these companies continue to expand their footprints in the country by building more warehouses and acquiring additional assets is a positive indication that the business in this country continues to thrive. These improved facilities and capabilities will act as enablers towards ensuring effective and efficient service delivery, thereby enhancing the overall supply chain process. This will ultimately contribute towards elevating the operational efficiencies of their clientele and end customers,” said YB Minister.

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