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What are the challenges?
Challenges to doing business in Malaysia
Major issues facing UK businesses include:
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public procurement process not transparent
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ranked in the top third of countries in the 'Corruption Perceptions Index': www.transparency.org/news/feature/corruption_perceptions_index_2016#results-table
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a weak competitive environment (including policies that favour Bumiputera, the indigenous Malaysians)
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an overseas exodus of Malaysian talent
You should ensure you take the necessary steps to comply with the requirements of the UK Bribery Act. See: www.gov.uk/government/publications/bribery-act-2010-guidance
See the 'Business Risk' section of this guide, and check the latest Overseas Business Risk report for Malaysia at: www.gov.uk/government/publications/overseas-business-risk-malaysia.
The DIT team in Kuala Lumpur and the British Malaysia Chamber of Commerce (BMCC) can help provide further advice and information.
[Source: DIT/UKEF/gov.uk]
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