Indonesia top pick for Malaysian SMEs: UOB

According to United Overseas Bank, its survey showed that Malaysian SMEs prefer Indonesia as an investmet destination because of its strong domestic consumption, high economic growth rate and lower labour costs - AFP Photo.

KUALA LUMPUR: Indonesia is the top pick for Malaysian small- and medium-sized enterprises (SMEs) seeking to expand their businesses in South-East Asia, according to a survey by United Overseas Bank Bhd.

One in two respondents chose Indonesia over other South-East Asian countries, citing its strong domestic consumption, high economic growth rate and lower labour costs.