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Legal Briefing
Opening the door: further liberalisation in Malaysia’s service sector
Practice Area: Sale and Supply of Goods and Services
Sector: Media, entertainment and sport
Jurisdiction: Malaysia
Published: 26 January 2012
Law Firm: Baker & McKenzie
Overview
On 7 October 2011, The Prime Minister of Malaysia unveiled the 2012 budget with a focus on accelerating investments by further liberalising the service sub-sectors within the country.
In view that the service sector has been the main driving force of Malaysia's economic growth, it is proposed under the Budget 2012 that the Government will further liberalise 17 service sub-sectors in phases, including private hospital services; medical and dental specialist services; architectural, engineering, accounting and taxation, legal services; courier services; education and training services, as well as telecommunication services.
This client alert from Baker & McKenzie provides a full breakdown of these service sub-sectors, including details of foreign equity participation pre- and post-liberalisation.
Click 'View Briefing' to read on.
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