Sales Growth of Nearly 4% in the Manufacturing Sector

Updated on Monday 14th May 2018

Malaysia’s manufacturing sector recorded a growth of almost 4 percent in March. The increase was mainly attributed to more product sales in the electrical and electronic sector, the food and beverage sector and in two other business fields. Malaysia is an important hub for electronic and electrical manufacturing. Investors who wish to open a company in this business sector can talk to one of our lawyers in Malaysia.

The electrical and electronic products sector remaining strong

The Statistics Department released new data about the status in the manufacturing sector. On a year-on-year basis, the revenue growth was from 68.5 billion RMN in March 2018 versus 65.9 billion during the same period last year. This is a 3.9 percent growth.

The increase was mainly determined by more sales in the electrical and electronic products sector (10.5% more on a year-on-year basis), followed by the food, beverages and tobacco sector (5.0%) and the furniture, paper, products, and printing sector (with a 3.5 percent growth).

Companies activating in these business fields need special licensing and one of our attorneys in Malaysia can give more information to any investors interested in these business fields due to the particularly favorable evolution in the first quarter of the year.

Manufacturing in Malaysia

The manufacturing business sector is an important one in Malaysia and also a big employer. In 2018, the total number of individuals working in this sector was 1.068.116, an increase of 2.1 percent or 22.076 employees compared to March 2017. An increase in the sales value per employee was also reported, compared to the same period last year.

One of our lawyers can also give you complete information about the Employment Law and the conditions for hiring local and foreign employees in the manufacturing sector.

Contact the experts at our law firm in Malaysia for more information about how we can assist you in opening a company in the manufacturing sector.