There are a controvesion between choosing a short esy to rember name and choosing a meaningful name. Below are the criteria of choosing Domain Name:
Short and easy to remember Domain Name Always make your domain short and easy to remember, avoid using - and _. example : hello.com, businessidea.com
Country based Domain Name If you are engaging business in Malaysia, is better you choose .com.my or .my. Malaysia registrar requires a submission of company registration form for registering Malaysia based domain name. So your client will know that your business is registered here. And it can avoid alot of doubts from your clients.
Search Engine Friendly Domain Name There are 2 main criteria for search engine to categorize your domain name. If you are .com.my they will put you into google.com.my higher priority to get listed. But is harder to get listed in google.com unless your website is a popular website.
The second criteria would be the meaning of the domain name. If your company sells flowers, and your company name is Excellence Gift Sdn Bhd, Search engine will put you in a hire rank if your domain named as malaysiaflower.com.my or myflorist.com.my as "florist in malaysia" as the keyword to be the search.
Dont make it too lame for the name Do not make your domain name a joke like fuyoh.com.my or adapower.com if your company has a high reputation for business
Do not make it to grand or to hard to spell Many educated person would choose names like exellencezzzzz something .com or themostbeautiful to dmozbeautiful.com . You will need to spend time in the phone to spell it to your customers later. Double characters or singular prural Please do not use double characters or with or without "s" words when naming your domain name. Your customer may find it hard to get to your site.
Hard words Some will name it in a special name or term method like that others dont even know what it means, remember, Malaysia average education level is just at High school level grade 2. try hippopotamus or renaissance and you will know the pain.
Race language or English It will be good and it will be bad, many malays find it hard to say chinese words same to many chinese too. Why do you need to squeeze yourself by putting a chinese name spelling for your website, you will end it up with chinese visitors only. Use a common english word that is simple and follow the 7 criterias above will make you a fist success in basic internet step.