Venture to Malaysia with IE Singapore

 

Malaysia

Singapore’s closest neighbour

Malaysia is a convenient first point of expansion for Singapore companies due to its proximity, socio-cultural similarity and larger market size. The Johor-Singapore causeway is one of the world’s busiest border crossings, testifying to the close links between both countries. More than 250,000 commuters make the land crossing each day1.

divider

Government-led growth

In 2010, Malaysia embarked upon an ambitious Economic Transformation programme, aiming to become a high-income economy with per capita Gross National Income (GNI) of US$15,000 by 2020. The plan involves transforming its business landscape through initiatives such as human capital development and the liberalisation of service sectors. These new initiatives, coupled with a rising middle class, mean increasing opportunities in areas such as healthcare, education, and consumer-related sectors like food and retail.

divider

Five economic growth corridors

Malaysia has identified 5 economic corridors where further development will be focused: Iskandar Malaysia, East Coast Economic Region, Northern Corridor Economic Region (NCER), Sabah Development Corridor (SDC) and the Sarawak Corridor of Renewable Energy (SCORE). Each has their own investment incentives governed by their respective promotional agencies.

divider

Venture to Malaysia

It is not surprising that Singapore’s closest neighbour is our second-largest trading partner after China, with total bilateral trade amounting to S$93.8 billion in 2016. Traditionally known as one of the top exporters of natural rubber and palm oil, the resource-rich nation has successfully diversified its economy to include manufacturing, services and tourism. Malaysia’s focus on high-value foreign investments presents opportunities for investors in areas such as tourism, healthcare and transport, among others.

 

1: Asia One

divider

Useful Links

FAQs on doing business in Southeast Asia

Find the answers to all your questions on industries with the most potential, navigating potential pitfalls, leveraging government support and more.

Read more

 

 

The Trump effect on doing business in Southeast Asia

Ivan Tan, our Group Director for Southeast Asia, explains what the new US administration under Trump means for Singapore companies looking to invest in Southeast Asia.

Read more

 

 

ASEAN Webinar: Opportunities for you in Southeast Asia

Click here to watch the highlights.

  

 

Interview with The Business Times

Ivan Tan, our Group Director for Southeast Asia, speaks to The Business Times on why Southeast Asia’s strong demand for infrastructure and consumer goods and services will continue driving the region’s growth.

Read more

 

 

ASEAN still beckons

A growing middle class, increasing integration and strong ties to China’s growth engine are set to fuel growth in the region. Our Group Director for Southeast Asia shares why “ASEAN still beckons".

Read more

divider

Geography:

Malaysia is a federation comprising thirteen states (Negeri) and three federal territories (Wilayah Persekutuan). The 3 federal territories are Kuala Lumpur, Labuan, and Putrajaya. The 13 states are Johor, Kedah, Kelantan, Malacca, Negeri Sembilan, Pahang, Perak, Perlis, Penang, Sabah, Sarawak, Selangor and Terengganu.

Population: 31.3 million (est. July 2017)

Ease of Doing Business Ranking: 24th (June 2017)

Economic Freedom Ranking: 27th (2017)

Trading Partner Ranking: 2nd

Bilateral Trade: S$93.8 billion (2016)

Source: CIA World Factbook

View Enterprise Singapore’s Overseas Centres
Malaysia

Geography:

Capital of Malaysia

Population: 6.8 million

Source: CIA World Factbook, 2015

Malaysia-Kuala-Lumpur