MALAYSIA is still an attractive investment destination for Japanese firms despite the current weak global economic environment.
Japanese Chamber of Trade and Industry (JACTIM) vice-president Daiji Kojima said business cost is still affordable and a good geographical location for trade movement.
"(However) Other Asean countries are trying to reduce their corporate tax. So now, Malaysia’s (business cost) is becoming slightly higher than other Asean countries. That is a minus point.
"But fundamentally, we believe it is a good place, especially for manufacturing and new areas," he told reporters at the release of JACTIM’s 68th Business Survey for the second half of 2019 here today (Feb 6).
Business sentiment declined to 29.9 points for three terms consecutively – the lowest since the Lehman Brothers bankruptcy in 2008.
The respondents cited the pessimism to the US-China trade conflict, a stagnation of semiconductor market conditions and increased labour cost. – Feb 6, 2020, Bernama