SIEM REAP: US COMPANIES have expressed confidence in the Malaysian economy and are keen to expand investments in the country.
In its 2012-2013 business survey of the region, the American Malaysian Chamber of Commerce said: “Overall, Malaysia has fared well in the survey.”
Malaysia’s major strengths include the availability of good infrastructure facilities, ease of moving goods through Customs, competitive office lease cost and a stable government and political system, it added.
International Trade and Industry Minister Datuk Seri Mustapa Mohamed said he and other economic ministers in the region found that the report had highlighted that Asean remains an attractive centre for investments.
“The survey also highlights that Asean will need to intensify its efforts to push for domestic reforms as well as enhance transparency of rules, regulations and law in the region,” Mustapa told Business Times on the sidelines of the 44th Asean Economic Ministers Meeting here yesterday.”
Mustapa had earlier attended the Asean Economic Ministers-US-Asean Business Council as well as the American Chambers of Commerce meetings.
The meeting discussed a number of initiatives and how the US Asean Business Council can assist the Asean member states.
One of the areas highlighted by Mustapa is the need for Asean, US Asean Business Council and the US government to assist SMEs in the region.
Towards that end, the Asean ministers have now adopted the development of SMEs as one of the priority areas for actions.