MALAYSIA’S LIBERALISATION OF SERVICES SECTOR & BUSINESS .../media/IE Singapore/Files/Events... ·...

MINISTR Y O F INTER NA T IO NAL TR AD E AND IND USTR Y MAL AYS IA

MALAYSIA’S LIBERALISATION OF

SERVICES SECTOR &

BUSINESS OPPORTUNITIES

IE Singapore iAdvisory Seminar on Malaysia 27 February 2013

Presentation Outline


• Services Sector in Malaysia

• Autonomous Liberalisation in Malaysia • Opportunities in the Services Sector

- Islamic Finance - MSC - Growth Corridors

Services Sector in Malaysia


Sector GDP Contribution (%)

2010 2011 2012

Services 53.2 54.2 54.6

Autonomous Liberalisation in Malaysia


1st Package 27 services subsectors liberalised in 2009

(up to 100% foreign equity): 1. Consultancy services related to installation of

hardware

2. Software implementation services

3. Data processing services

4. Database services

5. Maintenance and repair services of computers

6. Other computer related services

7. All veterinary services

8. Welfare services delivered through residential institutions to old person and the handicapped

9. Welfare services delivered through residential institutions to children

10. Child daycare services

11. Vocational rehabilitation services for the handicapped

12. Theme park

13. Convention and exhibition centre 14. Travel agencies and tour operator services 15. Hotel and restaurant services (4&5 star hotels

only) 16. Food serving services (4&5 star hotels only 17. Beverage serving services (4&5 star hotels

only) 18. Class C freight transportation services (private

carrier license to transport own goods) 19. Sports event promotion and organisation

services 20. Regional distribution centres 21. International procurement centres 22. Technical testing and analysis services 23. Management consulting services 24. Rental/ leasing services of ships (excludes

cabotage and offshore trades) 25. Rental of cargo vessels without crew 26. Maritime agency services 27. Vessel salvage and refloating services


Implemented Relevant legislations amended to allow foreign

participation

Telecommunications – ASP International Schools

Tech & Vocational Schools Legal Services

Tech & Vocational Schools – Special Needs

Medical Specialist Services

Private Hospitals Dental Specialist Services

Departmental & Specialty Stores

Telecommunications (NSP & NFP)

Incineration Services Private Universities

Accounting /Taxation Skills Training Centers

Courier Services

2nd Package 18 additional services sub-sectors, liberalised by phases in 2012

In Progress.

Acts are currently being reviewed

Architectural Services

Engineering Services

Quantity Surveying Services


Breakdown of Liberalisation Package


Identified Areas First Package Second Package

ICT Services • Software implementation services

• Consultancy services related to installation

• Data processing services • Database services • Maintenance and repair

services of computers • Technical testing and

analysis services

• Telecommunications-ASP

• Telecommunications-NSP & NFP




Education Services/Skills Training Centres

• Technical and Vocational School

• Technical and Vocational School-Special Needs

• Private Universities • Skills Training Centres




Healthcare Services

• Private Hospitals • Medical Specialist

Services • Dental Specialist

Services




Logistics Services • Class C freight transportation services (private carrier license to transport own goods)

• Rental/leasing of services of ships

• Rental of cargo vessels without crew

• Maritime agency services • Vessel salvage and

refloating services

• Courier Services

Legal Services/ Islamic Financial Advisory Services

• Legal Services



• 28 April 2009: Liberalisation of the financial sector

- Allow up to five (5) top international law firms with expertise in international Islamic finance to practise in Malaysia.

- Only allowed to offer legal services in international Islamic

finance. • 30 June 2009: Rationalisation of the investment guidelines

administered by the Foreign Investment Committee (FIC).

Supporting Initiative


• Business Enabling Frameworks/Guidelines Business Enabling Frameworks including the

regulatory regime and administrative guidelines and other relevant details on 18 liberalised sub-sectors accessible on MITI Services portal: myservices.miti.gov.my

Opportunities in the Services Sector


• Regional Establishments • Operational Headquarters (OHQ) • International Procurement Centre (IPC) • Regional Distribution Centre (RDC)

• Logistics

Integrated Logistics Services Cold Chain Facilities

• Tourism

Hotel Tourist project Recreational camp Convention centre



• Environmental Management Energy conservation/efficiency Energy generation, using renewable energy sources Storage, treatment and disposal of hazardous waste Recycling of agricultural waste and agricultural by-

products

• Business Services Shared services outsourcing Research & Development (R&D) ICT Services Market Support Services Film & Video Production & Post Production



• Education Technical, Vocational & Science Training

• Healthcare Travel (Medical Tourism)

Private hospitals

Wellness

ISLAMIC FINANCE


• Over 30 years of experience and world leader • 17 Islamic Banks, 29 fund managers with approved

Islamic funds, and 12 takaful and retakaful companies in Malaysia

• Founded on a strong legal and regulatory framework • Islamic financial assets comprised:-

17.4 percent of Malaysia’s total banking asset Sukuk market:-

- 60% of global sukuk issuance in Malaysia - largest in the world - 57% of the total bond market in Malaysia

MULTIMEDIA SUPER CORRIDOR (MSC)


Malaysia is an important hub for Shared Services, Data Centres, Back Office Operations and Customer Service Centres.

Malaysia was ranked 3rd most competitive for offshoring and outsourcing activities by A.T Kearney for 8 consecutive years (2004 – 2011).

SELECTED MSC STATUS COMPANIES WITH SINGAPORE PARTICIPATION IN MALAYSIA


Company Activities / Products

e2 Power Sdn Bhd (OCBC Bank)

Business process outsourcing (BPO)

Emerio IT outsourcing services

Teledirect Telecommerce Contact center facility and BPO.

Convergys HR Management Malaysia Sdn Bhd

Payroll administration and processing outsourcing.

3i Infotech Sdn Bhd Wireless technology and smart card systems.

Cambridge Solutions Sdn Bhd

Software development lab, R&D centre for CAD/CAM/CAE for 2D and 3D drawing electronics, high end training.

REGIONAL ECONOMIC CORRIDORS IN MALAYSIA


NCER : NORTHERN CORRIDOR ECONOMIC REGION

ECER : EAST COAST ECONOMIC REGION

SCORE: SARAWAK CORRIDOR OF RENEWABLE ENERGY

SDC : SABAH DEVELOPMENT CORRIDOR

IRDA : ISKANDAR MALAYSIA

ISKANDAR MALAYSIA


Tourism Education services Healthcare Logistics Creative industries Financial advisory and

consulting services

NORTHERN CORRIDOR ECONOMIC REGION (NCER)


Key Investment Opportunities sectors (services):-

Tourism & Healthcare

Education & Human

capital

EAST COAST ECONOMIC REGION (ECER)


Key Investment Opportunities sectors (services):-

Tourism

Education

SABAH DEVELOPMENT CORRIDOR (SDC)


Tourism

Logistics

SARAWAK CORRIDOR OF RENEWABLE ENERGY (SCORE


Tourism

THANK YOU www.miti.gov.my

M I N I S T R Y O F I N T E R N A T I O N A L T R A D E A N D I N D U S T R Y , M A L A Y S I A

MINISTRY OF INTERNATIONAL TRADE & INDUSTRY MALAYSIA • WAN SURAYA WAN MOHD RADZI • Minister Counselor (Economy) • Malaysian Trade Commission, 80 Robinson Road #01-02, Singapore • Tel : 65 6222 0126 / 1356 Fax : 65 6221 5121 • Email : [email protected]

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