1. BiSEA Roadshow 2017

2. About British Malaysia Chamber of Commerce (BMCC)
Established in 1963
Currently has a 220 Members
Key activities of the Chamber:
Networking Events
Premier Events (With Senior Public Rep)
Government Advocacy (Macro Issues or Industry Specific)
Sector Committees
Business Support Service (DIT Mandate)

3. Malaysia: Economic & political situation
Snapshot
Population : 31.2m
Labour force: 14.1m
GDP: US$ 296 million
GDP growth: 4.9% (2017)
Income Per-capita: US$10,500
Languages: Bahasa Malaysia, English
(Dominant in Commerce), Cantonese, Mandarin
Key Highlights
Domestic consumption a key driver of growth
Shift to more service, knowledge &
innovation-based economy
Serious initiatives for Industry 4.0
Highly skilled talent pool
Challenges
Opaque public procurement process
Perceptions of patronage
Protectionist outlook in some sectors
Broadening the tax base, including introduction of GST and Withholding Tax

4. UK in Malaysia Key Highlights
Foreign Direct Investment (FDI) into Malaysia from the UK rose by 6% from 2011 to over £3.4 billion in 2016
The UK is currently Malaysia’s 3rd largest foreign investor in the manufacturing sector among EU countries. As at December 2016, a total of 666 manufacturing projects have been approved
Malaysia still retains its position as the UK’s second largest export market in ASEAN
Last year the Chamber registered 750 British companies (SMEs Mostly) who have expressed their interest to do business in Malaysia
An Expatriate destination!

5. Business Similarities: Standards & Practices
Legal:
The Malaysian legal system is predominately based on the British legal system and the principles of common law. British companies will be familiar with Malaysia’s legal framework.
Accounting:
The Accounting Standards Board (UK) is regarded as one of the ‘acceptable internationally recognised accounting standard’ by the Malaysian Accounting Standards Board (MASB)
Equity Policy:
There are generally minimal restrictions on foreign investment in Malaysia. Subject to the qualifications, a foreign investor can hold 100% equity in all investments in new projects as well as investments in expansion and/or diversification projects in existing companies

6. Opportunities in Malaysia
Key Sectors
Halal Food Processing & Distributing
The global halal food industry generates US$560 billion. Recognising its potential, Malaysia aims to be a key player in the industry by becoming a hub for producing, marketing, certifying, and reference for halal food products
Manufacturing
E&E (Electrical & Electronics) segment is focused on deepening and strengthening the three major ecosystems of semiconductors, solar and light emitting diode (LED) technologies.
Education
Malaysia’s Education Blueprint hosts an array of opportunity for private education institution. Primary focus in on TVET
ICT/Technology
Internet of Things (IoT), Cloud, Big Data Analytics (BDA), Cybersecurity, e-Commerce, Fintech, Artificial Intelligence.
Islamic Finance
The Government targets to increase Islamic financing’s share of total financing in Malaysia from 29% in 2010 to 40% in 2020
Wholesale and Retail
60% of Malaysia's GDP contributed by domestic consumption. Preference for foreign brand in Malaysia

7. #1 #2 Opportunities in Malaysia Tips when doing Business in Malaysia
We encourage companies to take a more long term view when venturing to Malaysia. Localise your operations
It is common for incoming companies to partner with local companies
Initial leg work is a crucial component. Building contacts and expanding network is vital
Big picture - always think ASEAN!
Summary of Malaysia’s rankings among ASEAN countries #1
AT Kearney Global Services Location Index 2016 #2
World Bank Ease of Doing Business 2017
WEF Global Competitiveness Index 2016
WEF Human Capital Index 2016
Bloomberg Innovation Index 2017
Taylor Wessing Global Intellectual Property Index 2016
ICT Development Index 2016
Arcadis Infrastructure Investment Index 2016

8. Thank you