KUALA LUMPUR: Malaysia is well-positioned to reap significant benefits from the opportunities arising from the global economic shift, says HSBC Bank Malaysia Bhd (HSBC Malaysia) at the HSBC Asian Business Forum.

       In a statement, HSBC Malaysia said organisations must prepare for growth and expansion and step up future-proofing measures to boost competitiveness in 2024.

       Its chief executive officer Datuk Omar Siddiq said Asia continues to offer prospects for long-term growth, driven by sustained foreign direct investment, a rapidly growing consumer base and opportunities in the complex manufacturing and services industries.

       He added that a good portion of the growth was powered by Asean, which is becoming increasingly significant in the face of several trends, such as the reorientation of supply chains, the rapid acceleration of digitisation and the fight against the threat of climate change.

       “And positioned in the epicentre of several of these trends is Malaysia, which continues to be a top 25 trading nation with substantial investment potential and has long established itself as a prime destination for companies seeking to grow regionally,” he said. — Bernama