Malaysia welcomes investments from China’s high technology, knowledge and capital intensive ventures, as such investments are instrumental in driving economic reformation amidst the Covid-19 pandemic, said the Malaysian Investment Development Authority (MIDA). The agency noted that in the first nine months of 2020, China had invested RM16.8 billion in Malaysia’s manufacturing sector, involving 58 manufacturing projects.It added that the country remains as one of Malaysia's largest trading partners and is one of the country’s top foreign direct investment source.Meanwhile, MIDA said the agency, together with the Ministry of International Trade and Industry (MITI), had successfully organised the “Malaysia-China Business Forum: New Normal, New Opportunities” on Nov 18.
The forum was organised in collaboration with the China Chamber of Commerce for Import and Export of Machinery and Electronic Products (CCCME) and China Construction Bank (CCB). Speaking at the forum, MIDA chief executive officer Datuk Azman Mahmud said the government is strengthening Malaysia’s investment environment by introducing multiple economic stimulus plans and incentive measures to withstand the challenges posed by the Covid-19 pandemic. Malaysia welcomes investments by Chinese companies, particularly those specialising in automated machines and robotics, aerospace and aeronautical, biopharma and medical devices, advanced information technology and new energy vehicles, among others. It will undoubtedly be instrumental in pushing our economic reformation despite the pandemic. Going forward, MIDA said Malaysia is looking to strengthen its regional connectivity with China to complement each other's advantages and expand bilateral trade and investment. In his keynote address at the event, MITI deputy minister Datuk Lim Ban Hong said there is a need for mutually beneficial and sustainable growth partnerships, not only between China and Malaysia but also beyond to enable dynamic economic development.
The signing of the historic Regional Comprehensive Economic Partnership (RCEP) agreement is significant towards realising a free and open international economic order. It reflects our strong commitment to international trade, connectivity, rule-based multilateral trading systems and enhancing the free flow of trade and investments. Lim said the implementation of the agreement will help to ensure the opening of markets, as well as an uninterrupted supply chain including the establishment of greater trade integration and diversifying of production networks with China.
Will the market crash if budget 2021 cannot be passed this coming Thursday (26/10/2020)? These are the 4 possible scenarios:
1. Parliament will be dissolved and a snap election will be called 2. A state of Emergency in the whole country will be declared by YDPA 3. Muhyiddin will resign and YDPA will appoint an interim PM 4. YDPA will appoint a new PM who has majority MPs support. A new budget 2021 also will be tabled by the new appointed PM.
Will the market go down? Will it crash? Take profit now or wait?
no mater who own so much , what is the future of this company but the truth is share price keep dropping since few days ago. Is a good company ? I think people look for profit only.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
alfred
89 posts
Posted by alfred > 2020-11-21 12:38 | Report Abuse
Malaysia welcomes investments from China’s high technology, knowledge and capital intensive ventures, as such investments are instrumental in driving economic reformation amidst the Covid-19 pandemic, said the Malaysian Investment Development Authority (MIDA).
The agency noted that in the first nine months of 2020, China had invested RM16.8 billion in Malaysia’s manufacturing sector, involving 58 manufacturing projects.It added that the country remains as one of Malaysia's largest trading partners and is one of the country’s top foreign direct investment source.Meanwhile, MIDA said the agency, together with the Ministry of International Trade and Industry (MITI), had successfully organised the “Malaysia-China Business Forum: New Normal, New Opportunities” on Nov 18.