Invest Malaysia to attract foreign investors
The Invest Malaysia 2010 conference which will be held on March 30-31 is expected to attract over 600 local and foreign participants, says Bursa Malaysia chief executive officer, Datuk Yusli Mohamed Yusoff. “Last year, we saw institutional investors and fund managers from Singapore and Hong Kong. This year, we are keen to see participants from Japan and West Asia,” he told reporters. Yusli added that the market recovery offered foreign investors good opportunities to invest in Malaysia and participate in the potential growth of companies in the country. As well as investors,...
February 5th, 2010
MGCC helps Malaysian firms do business abroad
A number of Malaysian companies have confirmed that they will take part in Bauma 2010, a major trade fair that takes place in Munich in April. Thomas Brandt General Manager of the Malaysia-German Chamber of Commerce and Industry (MGCC) says, “More than 100 Malaysian representatives, including several big players from the construction industry, are expected to meet with their counterparts from other countries during the week-long exhibition.” And he added, “several Malaysian firms have confirmed their participation in the exhibition and we are trying to get space for two more companies. They...
February 5th, 2010
Malaysia has potential for halal vaccines
Malaysia’s Deputy Minister of International Trade and Industry, Datuk Mukhriz Mahathir says that the country has the potential to be a major producer of halal vaccines and help improve public health in Muslim countries. “Currently, the majority of halal vaccines are produced and consumed in non-Muslim countries. Yet, the reception is tremendous. So, if the vaccines can be produced domestically, I am certain, we can meet demand for the product in Asia,” Mukhriz said. And he added that the entrepreneurs in the healthcare sector are being encouraged with loans, incentives and grants.
February 5th, 2010
US wants Malaysia as a top trading partner
Deputy US Trade Representative, Demetrious Marantis, on a visit to Kuala Lumpur said that the US wants to see Malaysia among America’s top ten trading partners. “In 2006, Malaysia was our 10th largest trading partner. Today, it ranks 17th and we want Malaysia to be back among the top 10,” he said. And the added that the Trans-Pacific Partnership Agreement (TPP), would help to strengthen the relationship between the two nations. The TPP – a free trade agreement – currently includes eight countries: Australia, Brunei, Chile, New Zealand, Peru, Singapore, Vietnam and the US. “We...
February 5th, 2010
Domestic investments to grow 40%, says Minister
Malaysia’s International Trade and Industry Minister, Mustapa Mohamed, says, that domestic investments are expected to increase by 40 percent this year, from 32.2 percent in 2009. Last year, almost 70 per cent of investments approved by the Malaysian Industrial Development Authority (MIDA) were from abroad, says the Minister. “This year we want to increase internal investments to strike a balance between domestic and foreign investments,” he said at a media briefing. He added that attractive incentive packages for local investors would be provided and that the government wants...
February 5th, 2010
Emirates increases flights to Kuala Lumpur
The UAE’s airline Emirates has added an extra daily connection between Dubai and Malaysia’s capital, Kuala Lumpur – making a total of 21 weekly non-stop flights. Emirates says that the increased flights are due to passenger demand. Says Richard Jewsbury, Emirates’ Senior Vice President, Commercial Operations, Far East and Australasia, “Emirates has always been committed to Malaysia. This increase in flight frequency follows strong and increasing demand for flights not just from business travellers, but leisure travellers as well. ” He added that the extra flights would...
February 5th, 2010
New boss for Malaysia’s Petronas
Malaysia’s state oil company Petronas has appointed Shamsul Azhar Abbas as chief executive, Prime Minister Najib Razak said. Shamsul Azhar was previously chief executive officer of the Petronas division, MISC – the world’s biggest operator of liquefied natural gas tankers. Shamsul, 57, replaces Mohd Hassan Merican.
February 5th, 2010
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