PH Explores Trade Opportunities with Malaysian Mid-Tier Companies

The Philippines is actively exploring trade and investment opportunities with Malaysia’s mid-tier companies (MTCs), which the Malaysian government considers key contributors to economic growth and productivity.

Both sides expressed optimism about future collaboration and outlined plans to organize business events and networking initiatives to boost trade and investment ties between the two countries. I Photo: DTI Philippines

The Philippine Trade and Investment Center in Kuala Lumpur (PTIC-KL) recently held a meeting with the Malaysian Consortium of Mid-Tier Companies (MCMTC) to discuss potential collaborations and business ventures in the Philippines.

According to the Malaysian government, there were approximately 9,000 MTCs in the country as of 2022.

These firms represent only 0.8% of all registered businesses in Malaysia but employ 16% of the national workforce and contribute 36% to the country’s gross domestic product (GDP).

Their operations span a wide range of sectors, including manufacturing, services, and technology.

The meeting brought together key business figures, including MCMTC President and Julie’s Manufacturing Sdn Bhd Director Mr. Martin Ang, MCMTC Secretary-General and Mega Fortris Group Compliance Director Ms. Mag Ng, MCMTC Deputy Secretary-General and Kawan Food Manufacturing Sdn Bhd COO Mr. Andy Yeap, and MCMTC Executive Director Ms. Karen Fairclough-Ng.

Representing PTIC-KL were Commercial Counsellor Ms. Norjamin G. Delos Reyes and Trade Assistant Ms. Cassandra Anwar.

Discussions focused on the Philippines’ growing appeal as a destination for Malaysian businesses, citing its large consumer base, strategic location within ASEAN, and competitive investment incentives—including tax holidays and a young, skilled workforce.

The recent liberalization of foreign ownership laws in key sectors was also highlighted as a significant opportunity for international investors.

Both sides expressed optimism about future collaboration and outlined plans to organize business events and networking initiatives to boost trade and investment ties between the two countries.

PTIC-KL reaffirmed its support for MCMTC members by offering market insights, guidance on regulations, and assistance with entry strategies in the Philippine market.