Business Of Manufactures Companies in Malaysia

The business of manufacturing companies in Malaysia is quite diverse. The country is home to a variety of industries, ranging from electronics and semiconductor manufacturing to petroleum and chemical production. There are also many small and medium enterprises (SMEs) that play a vital role in the economy.

The manufacturing sector in Malaysia accounts for about 26% of the country’s GDP. The electronics and semiconductor industry is the largest contributor to the manufacturing sector, followed by the petroleum and chemical industry.

The government has been supportive of the manufacturing sector and has implemented various policies and initiatives to promote its growth. One of the key initiatives is the Malaysia Industry 4.0 Blueprint, which aims to transform the country into a high-income nation by 2020.

The manufacturing companies in Malaysia are also benefiting from the country’s Free Trade Agreements (FTAs) with various countries. These FTAs provide preferential tariff rates for Malaysian products, making them more competitive in the global market.

The business environment in Malaysia is generally favourable for manufacturing companies. The country has a skilled workforce, well-developed infrastructure, and a pro-business government. Additionally, the cost of doing business in Malaysia is relatively low when compared to other countries in the region.