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).
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Datuk Seri Saifuddin Nasution Ismail said that the estimation is from the Malaysia Productivity Corporation (MPC).
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NewsTranscript
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.