August 20, 2006
Malaysia to Boost Shared Services and Outsourcing sector
The Malaysian government has identified the shared services and outsourcing industry as a new growth area and plans to give its attention on a priority basis. Malaysia is currently among the top three most competitive locations for offshore services. The country's infrastructure and administrative support with the availability of the necessary skill and competitive cost structure provided the momentum for strong growth in the shared services and outsourcing business.
Malaysian companies have generated huge revenue and provided an estimated high value-added employment for more than 10,000 people. The Malaysian government has decided to focus on capacity building and skill enhancement, which will improve infrastructure and other support facilities. You can have a look at the post titled "China to Promote Outsourcing Business" to know how China is promoting outsourcing business.
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