Just saw that Universiti Putra Malaysia has been accredited by AACSB:

http://www.find-mba.com/article/626/eight-business-schools-receive-aacsb-accreditation

The school has placed grads with some of the country's information services companies, including Tekekom Malaysia and DiGi; and feeds into some of the multinationals there, like Shell Oil and its subsidiaries. Could be an option, seeing as how it and Universiti Malaya are the only two internationally-accredited schools in the country.

However, I think that as Malaysia's economy matures and demand for business leaders increases, we'll be seeing more and more internationally accredited programs.