bucheon bum
Joined: 16 Jan 2003
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 Posted: Wed Aug 16, 2006 6:51 am Post subject: Malaysia's Makeover Lures Investors |
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Nice to see Malaysia has turned things around since Mahathir Mohammed stepped down. According to this article, foreign investment is pouring back into Malaysia.
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Prime Minister Abdullah Ahmad Badawi has been cleaning up after his predecessor. The result? An influx of big-spending foreign companies
Malaysia is pulling in some serious foreign direct investment these days. At a construction site next to Malaysia's southern port of Tanjung Pelapas near Singapore, giant contract manufacturer Flextronics Intl. (FLEX) is spending $280 million on a 1.2 million-sq. ft. factory. This will include production lines relocated from China by the Singaporean concern.
Why? "Malaysia is one of the most cost-effective places for manufacturing in the world with overall costs about 20% lower than Shanghai," says Peter Tan, CEO of Flextronics Asia-Pacific, which has nearly 40% of its capacity in China. |
Interesting that Malaysia has lower costs than Shanghai.
And for those worried about Malaysia turning East and resembling its Muslims peers more than its Asian neighbors:
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OICES RESTORED. Many credit Badawi for the reassessment. "Malaysia today is more open, free, and democratic," says Musa Hitam, a former Malaysian deputy prime minister who rode to power with Mahathir 25 years ago only to fall out with his mentor. "There is freer public discussion of key issues, whereas in the past most people voiced their views only when Mahathir asked them to."
Moreover, the degradation of national institutions that marked the past two decades has been halted and their credibility is now being gradually restored. "Under Mahathir, judiciary, media, Parliament, police, civil service were all muzzled," adds Musa.OICES RESTORED. Many credit Badawi for the reassessment. "Malaysia today is more open, free, and democratic," says Musa Hitam, a former Malaysian deputy prime minister who rode to power with Mahathir 25 years ago only to fall out with his mentor. "There is freer public discussion of key issues, whereas in the past most people voiced their views only when Mahathir asked them to."
Moreover, the degradation of national institutions that marked the past two decades has been halted and their credibility is now being gradually restored. "Under Mahathir, judiciary, media, Parliament, police, civil service were all muzzled," adds Musa. |
The whole article:
Business Week Online article |
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