The American Chamber of Commerce in Malaysia (AmCham) is
recently expecting huge American invests in Malaysia. This is a result of a Semiconductor's
commitment to spend about RM1 billion for the establishment and expansion of
megastructures and factories in Malaysia. It has been assured by the President
Ramzi Toubassy that, American companies will get sufficient facilities and
continue to be an important country for American companies to carry out all
sort of investments.
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This is undoubtedly an outcome of warm business relationship
in between United States of America and Malaysia. In current time AmCham in Malaysia
is representing 260 American and Malaysian companies. All of those companies
have strong US backings in the field of finance, resource distributions and
logistics.
Various US companies are now ready to set their corporate
footprint in Malaysia. Companies like Coca cola, Metlife etc. have already
invested more than billions to establish their next phase of business in
Malaysia. Such companies are now planning to set their manufacturing and
technical training sector here to equip manpower in Malaysia for expanding the
production scopes.
In recent years USA is considered as one of the biggest trade
partners in Malaysia. These companies are involved in various businesses in
Malaysia, especially in fields of electronic and industrial compliance import exports
and automobile parts.
So, what are the aspects influencing the buildup of trade
bond between US and Malaysia?
Malaysia is one of the nations in south Asian edge that has
fabulous GDP growth. Such economic stability and high economic growth influence
foreign investors especially American entrepreneurs to set up
big businesses in Malaysia.
Secondly, this country has already set their position as one
of the optimized countries for easy going business policies. Malaysia is ranked
23rd in the world as the most convenient and friendly nation for doing trades
according to the World Bank.
To top with GDP and world bank’s ranking factors, Malaysia
also offers great opportunities in field of social development conditions,
affordability in case of living and optimized business opportunities for
investors.
All these stepping stones apparently strengthening the
economic bond between Malaysia and America. The survey shows that in recent
year Malaysia approved U.S. investment proposals worth RM11.69 billion during
the first half of the year. The investments are mostly made on manufacturing fields. When it comes about comparing, this amount
was just slightly above RM300 million in the previous year. Such big investment
of USA took the top position of business investments and thereafter replaced
Chinese investors.
Malaysia have approved manufacturing industries of several U.S.
giant companies such as Dell Technologies Inc., Intel corp. etc. It is
noticeable that Malaysia is showing more interests on tech-based US industries.
All these establishments and setups contributed on new
employment sectors throughout the nation. Numerous employment and manufacturing
fields are emerging. US companies are now rather investing on skill development
in this nation. With that in mind, American
business entrepreneurs in Malaysia are now focusing on skill development
processes.
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