Japanese ICT firms urged to use Malaysia as stepping-stone to ASEAN

KUALA LUMPUR, NNA - Malaysia Digital Economy Corp. is urging Japanese information and communication technology companies to use the Southeast Asian country as a stepping-stone to tap into the 10-member Association of Southeast Asian Nations market.

MDEC Chief Executive Officer Yasmin Mahmood said her government owned institution welcomes foreign ICT firms to Malaysia, and especially their investment in the Multimedia Super Corridor. The MDEC is responsible for the management of the Special Economic Zone which was established to foster growth in the technology industry.

"Malaysia has many solutions and a lot of experience," Yasmin told NNA, noting that many foreign companies already operate in Malaysia.

She said that NTT Data Malaysia Sdn. Bhd. became the first Japanese ICT firm to invest in the MSC and is now growing very quickly while Bandai Namco Holdings Inc. has set up a global hub for visual art production in Malaysia.

"Malaysia is a business-friendly country and always understands how important ICT business is" for the best interest of the country, she said. "We are very open-minded and understand many countries' business cultures."

Yasmin also noted that her country has been one of Southeast Asia's largest beneficiaries of Japanese investments totaling 34 billion ringgit ($7.9 billion).

The MDEC is currently collaborating with the Japan External Trade Organization in a bid to understand how Japanese companies operate so they can be encouraged to invest in Malaysia, she added. (NNA/Kyodo)