Malaysia attractive for high-tech, knowledge-driven companies

KUALA LUMPUR, 28 January 2012 - Malaysia is an attractive premier investment destination, particularly for high-technology and knowledge-driven companies, International Trade and Industry Minister Datuk Seri Mustapa Mohamed said.

He said the conducive business environment in the country had given birth to many internationally competitive companies such as Petronas, Malayan Banking Bhd and CIMB Group.

“Malaysia is going through a very exciting transformation, which will make the country even more open for business,” he told a dialogue with global corporate, government and media leaders on the sidelines of the World Economic Forum 2012 in Davos, Switzerland.

The dialogue, with among others former UK deputy prime minister Lord Peter Mandelson, Indonesia's Garuda Airlines chief executive officer Emirsyah Satar and global advisory PricewaterhouseCoopers vice-chairman Juan Pujadas, urged the Government to be more aggressive in highlighting Malaysia's success stories.

Mustapa also told the attendees that Malaysia enjoyed political stability, with minimal political risks and that it had clear plans for the future.

Khazanah Nasional Bhd managing director Tan Sri Azman Mokhtar, who also spoke at the dialogue, stressed on the transformation taking place in Malaysia, particularly on how government-linked companies had become more competitive and professionally managed. - Bernama 

He said the 1997-98 Asian financial crisis had made many Malaysian companies stronger and resilient following lessons learnt during the period. - Bernama 

Source: The Star

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  • 12 National Key Economic Areas (NKEA)
    Malaysia is taking bold steps forward to transform into a high income nation by 2020 with the Economic Transformation Programme (ETP).
  • Strategic Reform Initiatives (SRI)
    Initiatives designed to make Malaysia more competitive in the global arena.
  • National Key Result Area (NKRA)
    To improve the socio-economic growth of Malaysians.

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