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GBS Industry To Register Strong Growth This Year

KUALA LUMPUR, Jan 25 (Bernama) -- The local global business services (GBS) sector is expected to register a stronger growth this year and position Malaysia as a world-class, high value-based location for outsourcing services via "disruptive" measures.

In a statement here today, Outsourcing Malaysia (OM) said, the projected growth was underpinned by various factors, which included increasing the pressure on global companies to cut costs in the wake of a moderating economy.

Additionally, the attractive incentives and infrastructure within the local GBS sector, as well as the strong US dollar and various geo-political developments could also potentially see companies relocating existing GBS operations to Malaysia.....