It is currently being made more efficient by a continuing program of privatization. The prices of industrial land, depending on location, range from between RM 7.00 to RM 161.00 per sq. A new Biotechnology Park is also being developed in the state of Sarawak. Sixty percent of the workforce is young and educated and falls within the age group of 15 to 34 years. Production workers in the industrial sector command a wage rate of RM 8.00 to RM 20.00 per day, depending on the type of industry, level of skills and location.
Malaysian workers have a reputation for productivity.
Eight universities and numerous technical and vocational schools provide a stable supply of 'trainable' labor to support the growth of industry. The central bank, Bank Negara Malaysia, oversees the smooth running of the country's financial system. The established stock and commodity exchanges, business councils and associations, as well as sophisticated legal, accounting, advertising and consultant firms are able to service the complex needs of present day businesses. Business procedures and practices derived from the British system conform to business norms and ethics accepted worldwide. Comfortable and modern housing, excellent health care services, international schools, wide ranging leisure and recreational facilities, modern shopping complexes, unspoiled beaches and hill resorts are some features that contribute to this.