Monday November 19, 2012

Malaysia advised to build on business friendly environment

WASHINGTON: A US expert on South-East Asia has urged Malaysia to further build on the country’s business and investment-friendly environment, focusing on those areas offering the best job-creation opportunities.

“I think Malaysia should first and foremost focus on ensuring that it has the best possible local business environment and investment climate, in those areas which offer the best opportunities for job creation, innovation development, while moving towards a higher productivity, higher wage economy,” Marc Mealy, vice-president of Washington-based US-Asean Business Council (USABC) said in an interview with Bernama.

“From these starting points, identifying synergies with the interest of US multinationals and, perhaps, even more so, the American small and medium-sized enterprises in cutting-edge technology areas, will allow Malaysia to use its competitive advantages and strengths to develop mutually beneficial partnerships.

“For decades, the American multinational companies community in industries like electronics, and oil and gas has recognised Malaysia as a good partner to do business with,” he said.

The USABC promotes business, trade and investments between the United States and Asean. — Bernama

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