Human Resources



Businessman on calculator

Which city is fast emerging as the region’s top financial hub?

Human Resources Online is heading to Bangkok with the Accelerate HR conference on November 26-27.
HR leaders from Agoda, DKSH, Fonterra, FWD, Kasikornbank, Minor Food, Nissan Motor and more have already confirmed to speak.
Bring your team for additional group discounts.

Singapore’s financial services sector might be more optimistic, but Kuala Lumpur is quickly overtaking as the new Southeast Asian operations hub.

Astbury Marsden’s Optimism Index found the Malaysian capital is leveraging on its position as a regional base for oil and gas companies, as well as its strengths in Islamic finance, to establish itself as the region’s newest hub for financial and professional service firms.

“Firms are increasingly seeing Kuala Lumpur as an excellent alternative to Singapore, attracted by its competitive labour costs and its key location in Southeast Asia,” Mark O’Reilly, managing director of Asia Pacific at Astbury Marsden, said.

“Professional services firms are strengthening their presence in Kuala Lumpur. It’s quickly becoming a new gateway for international firms looking to reach the Southeast Asian markets.”

However, this does not mean Singapore is losing its stronghold over the region. The report still found the city state had increased hiring in the second quarter of this year, along with high employer optimism.

“Singapore continues to benefit from its position as the hub of choice for businesses looking to invest in areas of high growth such as Indonesia and Malaysia even though Kuala Lumpur is now becoming an important hub its own right,” O’Reilly said.

Image: Shutterstock

For the 5th consecutive year, HR Distinction awards will again honour the very best in the HR industry. Winning is both an affirmation of the exceptional quality of your work in the industry and among peers. Book your gala dinner table now
Contact us now for more details.

Read More News

in All markets by

On the right side of the law

The three key initiatives that helped this law firm retain its best talent, as told by Jarrod Ng, executive director, WongPartners..


Leave a Reply

You must be logged in to post a comment.