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.
OM Chairman, Cheah Kok Hoong, said the various policies and strategies implemented over the years had created long-term value for the GBS sector.
The GBS industry was worth US$670 billion in 2014, with Asia-Pacific having the largest market share at 36 per cent (US$240 billion).....