Malaysia continues to have conditions favourable to foreign investors.
The economic growth of Malaysia admittedly is at a steady, rather than booming, pace. However this is not detracting from the country’s potential for foreign investors according to sentiment echoed at the Asean Business Leaders Conclave. Held in Kuala Lumpur recently, over 350 overseas business leaders came together to plan the future of Asia as a business hub. The conclusion from the event was that despite the decline in the ringgit, the long term outlook remains healthy.
Anson Chan, chairman and chief executive office for Bonds Group of Companies, a real estate investment fund based in Hong Kong, commented, “The prospects for Malaysia going forward are positive”. Visiting Malaysia to survey the market for areas of opportunity, Chan also earmarked Vietnam and Thailand as two other countries in the region that has drawn his attention.
The notion that Malaysia is a good area for growth was cited by other business people at the event. Stating that during the last global financial crisis when ringgit weakened, this only led to a decrease in the number of expensive items coming into the country and more items being exported.
Aside from the country’s economic potential, Malaysia is also attracting interest from other countries seeking a better education system. Residents from Saudi Arabia have been coming to the country to benefit from this rapidly improving service and this will have a knock on effect to the rest of the economy as more money is brought into the country.
