CEO Morning Brief

Anwar: FedEx Eyeing Business Expansion in Malaysia

edgeinvest
Publish date: Fri, 31 May 2024, 10:24 AM
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TheEdge CEO Morning Brief
Datuk Seri Anwar Ibrahim meets with FedEx's Richard Smith at his office in Putrajaya on May 30, 2024. (Photo via Facebook/Anwar Ibrahim)

KUALA LUMPUR (May 30): Multinational express transportation company FedEx plans to expand its business in Malaysia, especially involving its existing facilities at several airports, according to Prime Minister Datuk Seri Anwar Ibrahim.

In a post on Facebook, Anwar said this was revealed during his meeting with FedEx Corp president and chief executive officer of airline and international Richard Smith, who paid him a courtesy call at his office in Putrajaya Thursday.

“FedEx currently operates 30 flights weekly in Malaysia, connecting local industries to its global network across 220 countries and territories,” he said.

Anwar said that during the meeting, he also received positive feedback regarding the government's approach to translating the Madani Economy agenda.

“Among other things, FedEx sees the proposed Johor-Singapore Special Economic Zone (JS-SEZ) as a significant future economic growth collaboration that should be leveraged,” he said.

According to Anwar, FedEx is a multinational company in the fields of transportation, e-commerce and business services that has been established in Malaysia since 1993.

Source: TheEdge - 31 May 2024

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