Malaysian Entrepreneurs Urged to Expand Business Into Southeast Asian Market - Chief Minister

SHAH ALAM (Selangor, Malaysia), Feb 1 (Bernama)  -- Malaysian entrepreneurs are encouraged to explore and expand their businesses into the Southeast Asian market which is seen to have tremendous potential for expansion.

Selangor Menteri Besar (Chief Minister) Amirudin Shari said with a huge population of over 600 million, Southeast Asia offers businesses the potential to expand following the growth and demand from industries in the region.

“As entrepreneurs, they cannot limit their business mindset to only the local environment, they should be bold to compete at the regional and global levels. Southeast Asia has a population of 600 million with Indonesia alone having a population of over 200 million.

“There are entrepreneurs who aspire to expand their business to other continents, to the United States, India, whereas in ASEAN, we have 600 million (people), it’s sufficient, in fact, a (huge) market in its own right.

“We prefer to do business in other areas compared to our region which offers growth and demand from high-value industries,” he said in his opening address at the Selangor State Development Corporation’s (PKNS) Entrepreneurs Awards Night here, Wednesday night.

-- BERNAMA