‘MALAYSIA AMONG TOP FDI RECIPIENTS IN ASIA’
64pc increase in foreign capital last year from 2015
KUALA LUMPUR prices, minimum wages plus economic growth are the attraction for foreign factory investment.
As for Indonesia, Forbes viewed the continued policy reforms intended to ease red tape would help attract investor, particularly in the mining and energy, plantations and financial services.
India’s low wages and a young population and liberalising industries has steadily attracted a range of foreign firms. Investors are chasing automotive production, telecoms and bio-manufacturing, taking advantage of government incentives in some cases, according to the Forbes article.
A pro-business stance, tax breaks on expenditures for R&D and duty exempt on imports for high-tech firms are among Malaysia’s appeal.