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Asia Pacific: Penang, Malaysia

Asia Pacific: Penang, Malaysia

Population: 1.5 million
Ease of Doing Business Rank (Malaysia): 20
Rigidity of Employment Index (Malaysia): 10

Boasting a large, English-speaking IT workforce, Penang is particularly suited for companies looking for higher-end IT outsourcing, such as in the pharmaceuticals or financial services industries. Penang also is developing into an outsourcing center for Islamic banking.