FMT:
China commits RM170bil in investments
The sum is reportedly the highest investment commitment from China to Malaysia.
Prime Minister Anwar Ibrahim has heralded a meeting with elite Chinese business leaders this morning as a new beginning for Malaysia. (Bernama pic)
PETALING JAYA: China has agreed to invest RM170 billion in Malaysia, says Prime Minister Anwar Ibrahim.
The sum marks the highest investment commitment from China to Malaysia, The Vibes reported.
Anwar is currently on a three-day official visit to China, and the RM170 billion commitment was secured after 19 memoranda of understanding (MoUs) were signed between Malaysian and Chinese companies, as well as the round-table meeting with elite Chinese business leaders this morning.
According to Bernama, the one-hour meeting was attended by some 50 investors and captains of industry from various sectors, including high-level technology, digital economy, and agriculture.
“It was unprecedented. Never in recent years have there been so many top-notch captains of industry assembled together,” Anwar said.
“This is a new beginning for Malaysia. I am excited.”
China has been Malaysia’s largest trading partner since 2009, and total trade between the two nations touched RM487.1 billion in 2022.
China was also the top investor in Malaysia last year, contributing 21% of the RM264.6 billion investments the country approved in 2022.
PETALING JAYA: China has agreed to invest RM170 billion in Malaysia, says Prime Minister Anwar Ibrahim.
The sum marks the highest investment commitment from China to Malaysia, The Vibes reported.
Anwar is currently on a three-day official visit to China, and the RM170 billion commitment was secured after 19 memoranda of understanding (MoUs) were signed between Malaysian and Chinese companies, as well as the round-table meeting with elite Chinese business leaders this morning.
According to Bernama, the one-hour meeting was attended by some 50 investors and captains of industry from various sectors, including high-level technology, digital economy, and agriculture.
“It was unprecedented. Never in recent years have there been so many top-notch captains of industry assembled together,” Anwar said.
“This is a new beginning for Malaysia. I am excited.”
China has been Malaysia’s largest trading partner since 2009, and total trade between the two nations touched RM487.1 billion in 2022.
China was also the top investor in Malaysia last year, contributing 21% of the RM264.6 billion investments the country approved in 2022.
Source Al Jazeera https://www.aljazeera.com/economy/2023/3/30/malaysias-anwar-faces-balancing-act-on-first-china-trip
ReplyDeleteChina’s overall direct investment in Malaysia rose to 9.7 billion Malaysian ringgit ($2.2bn) in 2022, up 23.5 percent from 7.9 billion ringgit ($1.8bn) in 2021. The US was Malaysia’s top source of investment last year, investing 43.9 billion ringgit ($9.9bn), followed by Singapore and Japan
So, what happened to all u demoNcracy worshippers' debt trap?
DeleteOoop… it could ONLY happen with China investments!
pas nearly became the federal gomen lately, those 10 dunggu bn mps probably didn't realize how close it was of turning our country into a taliban state, if i was a major investor i would wait for the outcome of the coming state elections or maybe even after ge16, with pas getting stronger i think i would probably give malaysia a miss
ReplyDelete