Expats contribute nearly 5% of Malaysia's GDP to the economy - Saifuddin - video Dailymotion

The Star

Expats are contributing RM75bil, about 4.8% of Malaysia's GDP, to the country's economy, says the Home Minister.  Datuk Seri Saifuddin Nasution Ismail said that the estimation is from the Malaysia Productivity Corporation (MPC).  Read more at https://tinyurl.com/yckxb4vu  WATCH MORE: https://thestartv.com/c/news SUBSCRIBE: https://cutt.ly/TheStar LIKE: https://fb.com/TheStarOnline

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00:00There are three categories of expatriate workers, or in our language, merchant workers.

00:07These categories are arranged according to their salaries.

00:12The first is 10,000 and above.

00:16The second is 5,000 to 9,999 and above.

00:23The third is the salary group of 3,000 to 4,999.

00:30These are the salaries that we classify as expatriate workers that Immigration issues.

00:39As of 31 October, we have 120,183 expatriate workers.

00:49I have listed the five highest countries.

00:53These are all categories in terms of savings, IT, etc.

00:59China, 27,460.

01:03India, 23,131.

01:07Philippines, 9,302.

01:11Japan, 8,739.

01:15Indonesia, 8,333.

01:18This represents 64%.

01:21Other countries represent 36% out of 120,183.

01:27The economic impact for expatriate workers, directly or indirectly.

01:33They pay interest on their income.

01:36They live here, their children go to school.

01:38They travel.

01:40They pay their domestic expenses.

01:43They pay utility bills.

01:45They invest.

01:47There are two categories.

01:49The first is the Malaysian Productivity Corporation.

01:55The Malaysian Productivity Corporation estimates the economic impact of expatriate workers in our country.

02:05It is worth Rp75 billion.

02:08Equals 4.8% of the GDP of the country.

02:13The second category is the State Procurement Agency.

02:17It collects up to Rp100 million in income tax from this group.

02:23To conclude my answer,

02:25where is the Malaysian population if it is assessed from the point of interest

02:30for expatriate workers in our country?

02:33The statistics are from the Expat City Ranking in 2023.

02:39Kuala Lumpur ranks 8th out of 49 major cities in the world.

02:46What attracts us?

02:47First, the cost of living is relatively low for expatriate workers.

02:52Second, political stability.

02:54Third, they see the potential for economic prosperity.

02:59Fourth, skills.

03:01For expatriate workers,

03:03it is easy for them to communicate because of language control.

03:06These factors contribute to Malaysia's position in the 8th place last year.

Expats contribute nearly 5% of Malaysia's GDP to the economy - Saifuddin

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