Image source: https://en.wikipedia.org/wiki/Petronas_Towers
Identified as one of the Top 20 in Ease of Doing Business by the World Bank Group, Malaysia’s business environment is conducive to starting and operation for local firms. A flourishing of successful young professionals in booming industries also adds to the supportive ecosystem of the country. According to the Malaysian Investment Development Authority (MIDA), in 2015, due to a focus on quality job creation and higher income generation, the country received RM150.6 billion in direct domestic investment and RM36.1 billion in foreign direct investment. The amount was primarily distributed between two main verticals: 57.9% went towards the country’s service sector, while the manufacturing industry attracted 40% of investments.
The Philippines has gained traction as a dynamic emerging market, with gradual financial developments leading to greater investment opportunities. A known powerhouse in the business process outsourcing industry, the country continues to be a strong performer in Asia, managing upward forecasts of 6% GDP growth for 2016 and 2017, according to both IMF and ADB. Focused investments implemented through the private sector, sensibly budgeted infrastructure, and public-private partnership projects, together with an astutely skilled labor force have contributed to the Philippines’s intensifying global competitiveness.
With its consistent ranking by the World Bank Group as the #1 city for Ease of Doing Business (for 11 years now, since the inaugural list in 2005), Singapore remains a top global destination for major business development and large-scale investment. The nation continues to be a progressive economy with plenty of vibrant opportunities. Its efficient governance, streamlined systems, and clean modernism, coupled with a well-educated and highly skilled labor force make Singapore an excellent business destination. Here are some things to consider when deciding to set up business in Singapore.
Founded in 1989 by English entrepreneur Mark Dixon, Regus (www.regus.com) has established itself as a multinational corporation that provides serviced offices and workspaces around the world—the global leader in the flexible work space industry.
With a network that spans over 100 countries, over 900 cities, and over 3000 locations, Regus is more than 20 times bigger than their next competitor. “That means that you will always have professional flexible work space with Regus near you, almost regardless of where you are,” says Lars Wittig, Country Manager for Regus Philippines (www.regus.com.ph).Read more