Malaysia: Business Environment
New Year's Day | 1 January |
Hari Raya Qurban (Aid al-Adha) | Varies each year |
Awal Muharam | Varies each year |
Birth of the Prophet Mohammed | Varies each year |
Labor Day | 1 May |
Wesak Day | 13 May |
Birthday of the King | 7 June |
National Day | 31 August |
Malaysia Day | 16 September |
Deepavali | 22 October |
Hari Raya Puasa (End of Ramadan) | Varies each year |
Christmas Day | 25 December |
Malaysian business culture tends to be very hierarchical, which can be seen in various aspects surrounding meetings, from seating arrangements to decision-making process. Decision-making meetings are quite popular and extensive as every attendee is consulted before reaching a decision. Large decisions are usually made from the top.
Personal relationships are essential when negotiating with Malaysian business contacts regardless of their religious and ethnic background. Initial meetings are about getting to know your counterpart rather than reaching a decision. Loyalty, harmony and non-aggression are key to a good relationship.
Meetings are usually not timed in advance (especially outside the Chinese community) and may over run. Muslim business partners may also take a break for the Islamic daily prayer.
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Latest Update: November 2024