Leverage on Malaysia as Gateway to Asean Market And Beyond, Says MITI Minister II

Malaysia today continued the momentum of promoting ASEAN integration with the launching of the ASEAN Service Providers Confederation (ASPC) by YB Dato’ Seri Ong Ka Chuan, Minister of International Trade and Industry II at the Malaysian Investment Development Authority (MIDA)HQ.

3 May 2016, Kuala Lumpur - Malaysia today continued the momentum of promoting ASEAN integration with the launching of the ASEAN Service Providers Confederation (ASPC) by YB Dato’ Seri Ong Ka Chuan, Minister of International Trade and Industry II at the Malaysian Investment Development Authority (MIDA)HQ. The launch was held during MIDA’s Seminar on ‘Malaysia Your Competitive Business Hub in ASEAN’.

Also present at the event was Tan Sri Dr. Mohd Munir Abdul Majid, Co-Chair of ASEAN Business Advisory Council (ASEAN-BAC) & Chairman of ASEAN-BAC Malaysia; Dato’ Azman Mahmud, Chief Executive Officer of MIDA; Mr. FerminFautsch, Chairman of the EU Malaysia Chamber of Commerce and Industry (EUMCCI); and Ir. Choo Kok Beng, President of Malaysian Service Providers Confederation (MSPC).

"In the context of ASEAN, we would like to encourage investors to look at Malaysia as your gateway to the enormous ASEAN market and beyond. Malaysia offers tantalising advantages in terms of its location in the heart of ASEAN, its unmatched connectivity and our pragmatic, prudent and business-friendly policies" Dato' Seri Ong said.

He added: "As a further incentive, Malaysia has already put in place several schemes such as the Regional Office, Representative Office and Principal Hub to complement the increasing trend of global off-shoring activities. Many foreign MNCs today have chosen Malaysia as the base for their regional operations. Some of the renowned companies are Honeywell, BMW, Panasonic, Intel and B Braun."

He stressed Malaysia’s commitment to assist local and foreign companies in the country to seize the opportunities presented by ASEAN. He cited the ASEAN Pathfinder initiative launched by Malaysia as an example of how Malaysia is helping pave the way for companies, particularly SMEs, to expand in the region.

Dato' Seri Ong noted that the services sector contributes significantly to the economies of ASEAN Member States and this is likely to increase in the coming years. He said that ASEAN will further deepen the integration of the services sector in the region with the implementation of the ASEAN Economic Community (AEC) Blueprint 2025. This blueprint aims to further facilitate ASEAN’s integration into the global supply chains in both goods and services. When the AEC is fully implemented, there will be no substantial restrictions to ASEAN service suppliers in providing services and in establishing companies across national borders within the region.

The MIDA seminar featured a panel discussion with speakers from National Instruments, General Electric, ZaidIbrahim & Co and Muhibbah Engineering who shared their experience of venturing into ASEAN. The session was moderated by Mr. Fermin Fautsch, Chairman of EUMCCI.


For further information, please contact:

Puan Roeslina Abbas

Director, Regional Establishment and Supply Chain Management

Tel.: 03-2267 6676

Email: roeslina[at]mida[dot]gov[dot]my

Posted on : 03 May 2016
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Last Updated : Monday 22nd October 2018