pwc identifies high growth areas - personal care electronics

Kuala Lumpur: Gao-
David weigerat, a leader and partner at PwC's growth market center, said technology manufacturing, consumer goods and infrastructure are three areas of potential high growth in the coming years.
High expected growth-
He said that the fields of science and technology manufacturing include electronics, medical devices, machinery and equipment, and aerospace parts and components.
"While ASEAN's relatively immature production centers, such as Vietnam and Cambodia, will benefit from low
Technology manufacturing outside China, more advanced manufacturing centers such as Malaysia and Indonesia are turning their attention to technology.
Intensive production.
"A structural shift to higher value --
Considering the rapid development, increasing production activities will be the key to remain competitive
"In mature markets such as Malaysia, the labor cost advantage is disappearing," he said . "
Wijeratne is one of the four panelists who recently captured the ASEAN Growth Opportunity Forum at the 2019 barengu road show at the New World eight dozen linja hotel.
Other panelists are deputy secretary of the Ministry of International Trade and Industrygeneral (trade)
Datuk Seri Norazman Ayob, Callum Chen, managing director and CEO of LH Plus Sdn Bhd and Standard Chartered Bank (
ASEAN and South Asia)
Abrar A. , managing director and chief executive of Standard Chartered Bank, Malaysia.
The host is Anwar. “The high-
Science and Technology manufacturing is being prioritized according to government requirementsgoing five-
Annual development plan (11MP).
"Equipment that is expected to create development opportunities for the production of components such as X-
Computed tomography (CT)
Scanner, ultrasound and nuclear magnetic resonance imaging (MRI)
Said Wijeratne.
He said that the electrical and electronics industry, which accounted for 28% of manufacturing output in 2017, will remain a national priority and continue to drive growth, especially in areas such as smart consumer devices and power electronics components.
"The government also aims to develop 30 new manufacturing SMEs. SME)
"By 2020, in addition to the current 20 companies, participants in the aerospace sector," he shared . ".
In terms of consumer goods, Wijeratne said that the increase in income has led people to be more willing to pay for quality and choice, and will drive demand for fashion and apparel, health and health in the more ambitious product areas, leisure and entertainment.
He said that there is a lot of room for growth in e-commerce, because compared with China, retail e-commerce in Malaysia is now less than 4% (16%), the UK (15%)and the US (8%).
High potential segment within E-
Businesses include tourism, entertainment, consumer electronics and fashion, he added.
As for infrastructure, Wijeratne said the Asian Development Bank estimates that 2016-
2030 is $2.
8 trillion, or $ 184bil per year.
"We expect Malaysia to account for 10% of this demand in the region (
About 40% in Indonesia
Led by sectors such as transport and logistics, digital connectivity and energy and utilities, aligned with Malaysia's goal of becoming a high-tech enterprise
He added that the government's efforts to improve technology adoption will also help improve the outlook for the industry.
Star Media Group launched the first export excellence award 2019 in partnership with Standard Chartered Bank, in partnership with PKT logistics
Sponsor and Matrade as sponsor.
The next roadshow will be held on June 18 at DoubleTree by Hilton Johor Baru.
To register, visit www. exportawards. com.