Malaysia’s mid-tier firms investing and expanding with more confidence

[KUALA LUMPUR] Now that there is greater political stability in Malaysia, the country’s mid-tier companies are more keen on expanding their production capacity and moving towards higher value-added sectors, said Callum Chen, president of the Malaysian Consortium of Mid-Tier Companies (MCMTC).

This could be the key to overcoming labour shortages, rising costs and regional competition that have plagued Malaysia’s economy.

“We are still doing well and most of us are still registering growth,” Chen told The Business Times. “But our growth is much slower than other countries in the same region. If we continue to stay in our comfort zone, we will soon become dinosaurs.”