Koon Yew Yin's Blog

PM Anwar’s visit to boost KL-Beijing strategic ties - Koon Yew Yin

Koon Yew Yin
Publish date: Fri, 31 Mar 2023, 05:23 PM
Koon Yew Yin
0 1,407
An official blog in i3investor to publish sharing by Mr. Koon Yew Yin.

All materials published here are prepared by Mr. Koon Yew Yin

Prime Minister Datuk Seri Anwar Ibrahim arrived here yesterday, 30 March to continue his official visit to China to advance the strategic partnerships between Kuala Lumpur and Beijing.

The special aircraft carrying Anwar from Hainan landed at the Beijing Capital International Airport at 4.30pm local time.

He was accompanied by Transport Minister Anthony Loke and Local Government Development Minister Nga Kor Ming and they were met on arrival by China’s Vice Foreign Minister Sun Weidong.

Present to welcome him were China’s Ambassador to Malaysia Ouyang Yujing and Malaysia’s Deputy Chief of Mission to China Sanmugan Subramaniam.

Anwar will meet China’s President Xi Jinping today, where they are expected to discuss the strategic elements of the bilateral relationship and chart the course for reinvigorated relations in the post-pandemic era taking into a more challenging international environment.

He is also scheduled to meet with the Chairman of the National People’s Congress Zhao Leji.

On Saturday, Anwar will be accorded an official welcoming ceremony at the Great Hall of the People by the newly appointed Chinese Premier Li Qiang, followed by a bilateral meeting. Both leaders will also witness the signing of three MoUs to deepen economic ties between the two governments.

As part of the visit, the prime minister will have engagement sessions with high-profile investors and Chinese captains of industry, and will also be delivering a keynote address at a Malaysia-China business forum.

Anwar’s maiden official visit here, since assuming the office in November last year also coincides with the 10th anniversary of the Malaysia-China Comprehensive Strategic Partnership (CSP) this year and the two countries will also mark their 50th year of diplomatic relation in 2024.

The visit is historic, according to the Foreign Ministry, as it is expected to fortify economic relations with China, which will surely result in greater trade and investment flows.

Apart from Loke and Nga, the Malaysian delegates also comprised Foreign Minister Datuk Seri Dr Zambry Abdul Kadir, International Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz, Science, Technology and Innovation Minister Chang Lih Kang and Tourism, Arts and Culture Minister Datuk Seri Tiong King Sing.

China has been Malaysia’s largest trading partner since 2009. In 2022, the total bilateral trade was valued at RM487.13 billion, an increase of 15.6 per cent from 2021.

Prior to the visit to the Chinese capital city, the prime minister had attended the Boao Forum for Asia Annual Conference 2023 (BFA 2023) in Hainan where he delivered a speech stressing the need for issues related to the technological competition to be a principal agenda item to discuss at the highest levels, along with security and general economic matters.

The Boao Forum for Asia (BFA; Chinese: 博鳌亚洲论坛; pinyin: Bó'áo Yàzhōu Lùntán), initiated by 25 Asian countries and Australia (increased to 28 in 2006), is a non-profit organisation that hosts high-level forums for leaders from government, business and academia in Asia and other continents to share their vision.  

Analysts are optimistic that Anwar’s visit to China, the first by a Malaysian prime minister since 2019 and after the Covid-19 pandemic, will path the way for greater trade and political cooperation between the two countries.

Centre of Asean Regionalism Universiti Malaya (CARUM) director, Dr Rahul Mishra said Anwar’s participation in the BFA 2023 which was considered as “Asian Davos” and being one of the first foreign leaders to visit China and meet with Xi after his reelection as China’s President for the third term early this month, is of great importance.

“This is particularly so in view of the ongoing US-China trade war, Russia-Ukraine conflict, and growing disruptions in international trade and upheavals in international politics. Since several Heads of Government and State were also present at the forum, it helped to get a better sense of regional and international pulse,” he said.

Dr Hoo Chiew Ping, a senior lecturer in Strategic Studies and International Relations at the National University of Malaysia (UKM) said as Malaysia and China celebrate a significant milestone in their relationship, Anwar’s visit is opportune to set out the direction to propel the longstanding ties to greater heights.

She expects both sides to take stock of the progress made in the key joint co-operations including the East Coast Rail Link (ECRL) and seek to accelerate the completion of the RM74.96 billion mega project, which spans 665km across four states in Peninsula Malaysia.

Hoo said Anwar should also seize the opportunity to leverage China’s Global Development Initiative to bring in more Chinese investors to invest in the future-oriented industry in Malaysia, such as in technology, cyberspace, and artificial intelligence. 

More articles on Koon Yew Yin's Blog
What can KSL can do to benefit shareholder? - Koon Yew Yin

Created by Koon Yew Yin | Mar 01, 2024

What can KSL do to benefit shareholders? I hope all the shareholders will read this article so that they can attend the coming annual general meeting to vote out those directors who are seeking re...

All Investors require Anticipation - Koon Yew Yin

Created by Koon Yew Yin | Feb 29, 2024

After the stock market closed, KSL announced its 4th quarter ending Dec 2023 EPS of 12.74 sen. The total is 40.76 sen for 4 quarters. Its total EPS for 4 quarter ending 2020 was only 17.8 sen.

Property developers share prices comparison based on latest EPS - Koon Yew Yin

Created by Koon Yew Yin | Feb 29, 2024

KSL is the cheapest in terms of PE ratio. KSL Holdings Bhd is a holding company. It is engaged in real estate services.

Malaysia’s economy will grow faster than expected - Koon Yew Yin

Created by Koon Yew Yin | Feb 26, 2024

Several economists and local industry representatives are confident that Malaysia’s gross domestic product (GDP) growth will strengthen this year, despite easing in the final quarter of last year.

KSL made a new high of RM 1.33 - Koon Yew Yin

Created by Koon Yew Yin | Jan 08, 2024

KSL price chart is super bullish as shown below. KSL last traded at Rm 1.33.

Someone is using my name to promote shares - Koon Yew Yin

Created by Koon Yew Yin | Jan 02, 2024

Someone has been using my name to promote initial public offer (IPO) shares. I just received this last night.

Why Malaysia should generate electricity from the sun - Koon Yew Yin

Created by Koon Yew Yin | Dec 18, 2023

Malaysia is the 16th largest fossil fuel producer in the world. According to Statista, the export value of crude petroleum in Malaysia was valued at approximately 31.55 billion Malaysian ringgit ....

Why KSL should buy back its own share - Koon Yew Yin

Created by Koon Yew Yin | Dec 06, 2023

My sole purpose for writing this article is to help the 3 controlling shareholders namely Ku Hua Seng, Ku Cheng Hai and Ku Tian Sek to understand the actual worth of their listed KSL shares.

Why infrastructure is so important? - Koon Yew Yin

Created by Koon Yew Yin | Nov 28, 2023

Infrastructure is the key factor for the success of any country and its people. Infrastructure is important because it powers businesses and connects workers to their jobs and citizens to opportun...

Be the first to like this. Showing 0 of 0 comments

Post a Comment