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Klaus Kretzschmar ASEAN. Gosta Eger Netherlands. Kim Chew Lan China. Willi Kramheller Indonesia. Resham Chhetri Associated Partner Project Director Aviation Projects.
Oliver Stelling Dubai. Mohammed Golestani Partner Malaysia. Puvan Selvanathan Partner Bluenumber. Joerg Domroes Environmental Projects. Rebecca Barth CTO.
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HUMAN RESOURCES Who is able to deliver the results you want? CORPORATE SERVICES What are the legal and formal needs of your company? Our Mission and Vision.
There is no easy answer to that one. And that is a very interesting story to analyze. Because on the one hand, we see ASEAN as a bloc of Southeast Asian countries trying to create more negotiation power towards that, say, the European Union or China, or the US in terms of trade deals, they are negotiating.
But on the other hand, every country is looking after its own interest first. So there is this continuous battle, I would really like to say when we see roadshows in Europe.
So everybody is trying to do their own marketing. And each and every company is running into a competition who is giving the better tax rate who is giving the cheaper land, who is giving research grants and stuff like that.
So that is not going to stop. And Malaysia is, I would say position somewhere in the middle. If I compare the quality of the roadshows the quality of the presentations, Singapore stands out to be the best, followed by Hong Kong.
And then you have all the countries following after that Malaysia, Thailand, Vietnam, Indonesia, they all sent their ministers of International Trade and Industry.
And everybody is trying to convince investors to go and set up their shop in Malaysia. And of course, big companies, they have their think tanks and they do the benchmarking of cost of doing business, quality of labor….
And that is one of the soft factors which is also interesting to consider. Jari Hietala Absolutely, and I guess that since we have been doing essays and insiders, quite many location related assignments for European companies, where we benchmark and compare the conditions from the point of view of a single company, that there is no easy answer, there is no standard answer to the question that where which country or were in inside the country, the best locations can be found.
And perhaps the importance of the domestic market of the location of the factory, that would be that. I mean what at what we also if I like to add one point what we also see that over the last years, certain industries have been building clusters.
So, each and every country has comparative advantages and disadvantages depending on the industry you are working in.
Jari Hietala Exactly And if any of you listening if you would like to dig deeper and get perspectives into your business, feel free to contact us anytime.
How would you describe the role of the Malaysian government in this respect? Volker Friedrich No. Yes, Malaysia has a very liberal policy in principle to when it comes to are you allowed to have a hundred percent ownership of your subsidiary or the joint venture company, whether you can have a majority but there are always exceptions to the rule.
Where it is maybe not written in the law. But from a practical point of view, it is always good to have a local partner who is attached and linked to the government organization.
I think it goes without saying if you go into the defense sector, for instance, the same rule applies, you have to deal with the government.
And therefore, you need to have people who are close and working with them for many, many years. So, Malaysia has a strong government role in the overall economy and the share of the GDP created and distributed by the government.
And if I look at the overall promotion in Malaysia specifically, we have an organization called Maya. They have offices all over the world and they do regular trade shows, seminars.
They are also very helpful in providing all kinds of information. Most of it is available also on the website. We have a lot of other stakeholders like chambers of commerce or the embassies.
They are all helpful in providing information when it comes to these questions. But we always say as Asian insiders, we start working operational where the other people stop.