Malaysian leaders are very good in technical in what they have to do. But they are lacking in few important skills:-
1) Leadership – Malaysia leader fail to guide his employee to another level.
2) Lack of soft skill such as communication, inter personal skills and presentation.
3) They like to handle and solve most of the issue by themselves. They fail to delegate responsibility to their staff.
4) The biggest of all they fail to understand the big picture. Most of the time they get lost in details and do not know how to connect all the point to the big picture.
My take – In most Malaysia Companies I visit I always hear Boss not around to approve. I just don’t understand if Boss has to sign off for all the issue then I guess when Boss is on vacation all the staff also can be on holiday.
You should create a process and build a trust culture, and employees should embrace integrity.
Wednesday, July 29, 2009
Malaysia Incentive for Foreign Investment
Do you think Malaysia give enough incentive to encourage FDI. I don’t think so why:-
- Malaysia Tax rate is higher then other country in region.
- The incentive department does not overseas the overall incentive. Example yes incentive was given but if the company does not enjoy for the period given it should extend for future.
- All the stimulation package is given to Malaysia holding companies – In current market environment MNC is also struggling to source for fund for future investment and growth.
Other country in region & around the world offer better incentive. For example Rolls Royce was given direct funding for setting up plant in Singapore.
- Malaysia government protect high management to be local staff – I have nothing against local talent. But if we don’t have the right industry expert then we need to make exception to this.
My take – Malaysia government need to understand Malaysia is small country and MNC Company will not think twice to pull out their investment if the government does not help them to fund future investment.
MNC Companies only pays net tax less then 10% of total income, and with Malaysia tax rate of 26% this works disadvantage for them.
Government should reduce tax rate for Technology Company in MNC and with this tax saving MNC companies will investment in future growth.
- Malaysia Tax rate is higher then other country in region.
- The incentive department does not overseas the overall incentive. Example yes incentive was given but if the company does not enjoy for the period given it should extend for future.
- All the stimulation package is given to Malaysia holding companies – In current market environment MNC is also struggling to source for fund for future investment and growth.
Other country in region & around the world offer better incentive. For example Rolls Royce was given direct funding for setting up plant in Singapore.
- Malaysia government protect high management to be local staff – I have nothing against local talent. But if we don’t have the right industry expert then we need to make exception to this.
My take – Malaysia government need to understand Malaysia is small country and MNC Company will not think twice to pull out their investment if the government does not help them to fund future investment.
MNC Companies only pays net tax less then 10% of total income, and with Malaysia tax rate of 26% this works disadvantage for them.
Government should reduce tax rate for Technology Company in MNC and with this tax saving MNC companies will investment in future growth.
Friday, July 3, 2009
Malaysia Depend on Manufacturing Sector
When the world when into rescission the demand on electronic sectors also drop. The best way for people to safe money is stop spending on asset property. Employment income does not have a balance sheet to book property as long term asset and depreciate this their P&L is based on cash expenditure.
Now is the best time for Malaysia to diversify into service sector. Malaysia should focus more on back office operation. Vietnam and Philippines are growing their operation; Malaysia should stay focus and continue to grow this sector.
Another sector that Malaysia should focus is stopping exporting crude oil, rubber and palm oil. Malaysia should continue focus into turning these resources into finish product.
Food technology and consumer product is another sector that Malaysia should focus. Nestle and P&G is not a Malaysia company, but allot of this product is manufactured in Malaysia. We should bring up Malaysia Company to focus on this industry.
Finally allot of tax incentive is only given to Manufacturing sector because of the investment dollar and high number of employment. Maybe it was the right thing to do back then but now this incentive should be given to technology and service sector.
Now is the best time for Malaysia to diversify into service sector. Malaysia should focus more on back office operation. Vietnam and Philippines are growing their operation; Malaysia should stay focus and continue to grow this sector.
Another sector that Malaysia should focus is stopping exporting crude oil, rubber and palm oil. Malaysia should continue focus into turning these resources into finish product.
Food technology and consumer product is another sector that Malaysia should focus. Nestle and P&G is not a Malaysia company, but allot of this product is manufactured in Malaysia. We should bring up Malaysia Company to focus on this industry.
Finally allot of tax incentive is only given to Manufacturing sector because of the investment dollar and high number of employment. Maybe it was the right thing to do back then but now this incentive should be given to technology and service sector.
Outsourcing
There is 3 main type of outsourcing IT, Finance and Help Desk. Cyberjaya at Malaysia was originally set up for research and development. But with lack of people skill and technology the Cyberjaya project turn in outsourcing activity.
Malaysia has been recognised a major player in finance and help desk back office support. Malaysia has capability in finance skills because of our education are based on UK Standard.
Usage of English has helped us to maintain the help desk support better then India and South America.
But in IT sector Malaysia continue to struggle. Why…
My take – This is because IT education and training are not inline with the world standard. The core to IT is programming and development where Malaysia education is lacking.
Malaysia has been recognised a major player in finance and help desk back office support. Malaysia has capability in finance skills because of our education are based on UK Standard.
Usage of English has helped us to maintain the help desk support better then India and South America.
But in IT sector Malaysia continue to struggle. Why…
My take – This is because IT education and training are not inline with the world standard. The core to IT is programming and development where Malaysia education is lacking.
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