Private Discussion with AON Hewitt’s Mollie Kohn

Kuala Lumpur – More than 15 guests attended the briefing on Principal Hub by InvestKL and PwC. Speakers Jagdev Singh, Senior Executive Director at PwC, and Daniel Teng, Senior Director of Strategy, Advisory & Services at InvestKL, discussed Malaysia’s recent announcement of the Principal Hub incentive that aims to develop a regional hub in Kuala Lumpur by attracting some of the world’s best firms to the nation’s capital.

The new incentives, which will be implemented on 1 May 2015, was developed in recognition of the changing regional headquarters trends, global supply chain models, and the ASEAN Economic Community (AEC). It aims to increase Malaysia’s competitiveness as a regional base and allows for improved operations and efficiency at reduced cost for MNCs seeking to establish headquarters in ASEAN. As stated by Dato’ Sri Mustapa Mohamed, the Principal Hub incentive is a “game changer” and would allow Malaysia to attract higher levels of FDIs due to the strong business ecosystem it helps foster.

For more information on the structure of Principal Hub and the pertaining incentives, please contact InvestKL at [email protected].