American companies reaffirm their commitment to Malaysia.
With worries of US recession and possible corporate cost cutting exercises on the horizon, The American Malaysian Chamber of Commerce (AMCHAM) President, Vincent Leusner, has reaffirmed that US-based companies operating in Malaysia were unlikely to move to other countries in the region, despite the available lower labour and operational costs in other South East Asian countries.
“Malaysia has a pool of highly skilled workers required by American companies to handle high-end manufacturing, in addition to the country’s world class infrastructure.
Malaysia’s highly skilled personnel, especially in the semiconductor industry, do not require substantial investments in training, unlike in ‘cheaper’ countries such as Vietnam”, Leusner said. In addition, American companies in Malaysia do not experience high staff turnover and wage-inflation issues compared with both China and India.
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