Shortage of workers, visa delays force Taiwanese to rethink Malaysia as investment destination

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However, restrictions imposed by the previous government are delaying them, said its cultural attache to Malaysia, James Chang. theSun theSundaily Malaysia taiwan Visa Immigration news

Some US$2 billion in Taiwanese investments are ready to enter the country each year.

guide, ‘key post’ work visa holders needed to renew their employment passes every five years when they were previously issued by the Malaysian Investment Development Authority . “Taiwan remains Malaysia’s fifth largest trading partner, with over 1,700 companies operating here. From January to November last year, bilateral trade amounted to US$32.9 billion , or an increase of 40% year-on-year from 2021.

Chang added that Taiwanese investments in Malaysia focused mainly on the manufacturing industry, such as electronics, electrical, biotechnology and high-tech sectors. Sunway University economist Dr Yeah Kim Leng said Malaysia has been surpassed by Vietnam, Indonesia and Thailand in attracting FDI in recent years, in part due to political instability.

 

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