Tuesday, November 8, 2011

US firms in Malaysia to continue growth, says Amcham

KUALA LUMPUR (Nov 8): US companies in Malaysia are expected to continue their growth next year despite the challenging global economy.

American Malaysian Chamber of Commerce (AMCHAM) vice president Datuk Tim Tariq Garland said the key area of growth in the country is in the services sector.

"It's an area Malaysia desires to grow as well as US businesses interested to expand their capabilities," he told reporters after officiating AMCHAM's Young Enterprise (YE) Programme 2011 Achievers' Showcase here Tuesday.

He said Malaysia's move to further liberalise 17 services sub-sectors, announced by Prime Minister Datuk Seri Najib Tun Razak in the 2012 Budget, had given a big boost to the country's efforts to attract investment here.

"Many companies are looking at Malaysia to set up a regional centre and leverage Asean growth and opportunities that exist with the 600 million people in the region," he said.

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