Malaysian tech firms win Deloitte award

Ow added, "Internet companies continue to be on the rise as digital marketing becomes more mainstream. Internet companies are flourishing as they offer a more feasible and cost-effective way for businesses to reach out to their target markets."

"This is evident in today's world as MNCs, non-profit organisations and even newly-elected US President, Barack Obama, has hopped on the internet bandwagon and succeeded tremendously," he said.

Asia Pacific marker to remain stronger than others

Deloitte also released the results of this year's Technology Fast 500 Asia Pacific CEO Survey, the firm's annual analysis of business trends among the winning Technology Fast 500 companies. "The survey, conducted in the last quarter of 2008, revealed that in order to achieve continued success, the Technology Fast 500 CEOs will increase their focus on the Asia Pacific region," said Ow.

He said that this indicated the Asia Pacific market would remain stronger than other world markets. "The average revenue growth across all 500 Asia Pacific technology companies, which were honoured at Deloitte's annual awards ceremony in Hong Kong recently, reached 707 per cent over the past three years."