KUALA LUMPUR, July 19 — Malaysia is a favoured expansion destination for Asean companies looking for growth opportunities in Asean, according to Standard Chartered’s latest survey.
The report also cited automotive, healthcare and digital services as key growth sectors for Malaysia. “Malaysia is also seen as a leading medical device manufacturing hub and a regional market leader in medical tourism,” StanChart said in a statement today. Access to the large and growing Asean consumer market, access to a global market enabled by a network of free trade agreements and availability of abundant and skilled workforce were among the most important drivers for expansion across the region, according to the survey.
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