In a media roundtable Thursday , he said the investments would meet Malaysia's economic development needs, with the high-tech industry being one of the key areas.
He also said China would encourage its companies to buy more Malaysian palm oil and palm oil-elated products. "Malaysia is an ideal place for Chinese investments. There is a long queue of Chinese investments outside the MIDA office," he said. The amicable settlement on the ECRL was important for Chinese firms as they did not want to have their own investments suffer a fate such as the ECRL, which Malaysia at one point wanted to scrap, he added.
According to Bai Tian, Prime Minister Tun Dr Mahathir Mohamad's visit to China next week would provide further impetus to attract more Chinese foreign direct investment into Malaysia.Last year, Chinese manufacturing investments in Malaysia totalled about RM20bil, and was the biggest industrial FDI into the country.
Source: News Formal (newsformal.com)
The second wave. Wars no longer fought with military might but with economic conquest
The second wave
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Selepas ECRL lulus, menteri harap Dr M suarakan isu eksport sawit di ChinaKok berharap China akan membuat lebih banyak komitmen membeli komoditi Malaysia susulan penyambungan ECRL.
Source: fmtoday - 🏆 5. / 72 Read more »
Report: Malaysia, China to sign ECRL agreement on Friday (April 12)
Source: staronline - 🏆 4. / 75 Read more »
Report: Malaysia, China to sign ECRL agreement tomorrow | Malay MailKUALA LUMPUR, April 11 — The East Coast Rail Link (ECRL) may finally see the light of day as a news report today claimed Malaysia and China will be signing an agreement on the project in Beijing tomorrow. Sin Chew Daily cited a source in the Malaysian negotiation team who said the prime...
Source: malaymail - 🏆 1. / 86 Read more »
China involvement in ECRL management threat to national security, | The Malaysian InsightIt is a mistake to allow the rail line to be managed by a China-Malaysia joint venture company, says former PM.
Source: msianinsight - 🏆 8. / 63 Read more »
Kok hopes China will buy more palm oil after ECRL deal inked | The Malaysian InsightKok hopes China will buy more palm oil after ECRL deal inked
Source: msianinsight - 🏆 8. / 63 Read more »
ECRL joint-venture with China won't pose security threat, says MRLMalaysia Rail Link Sdn Bhd says the government will own 100% of all assets. I like how positive news in Malaysia is never retweeted enough haha
Source: fmtoday - 🏆 5. / 72 Read more »
Wee: Is Malaysia negotiating with China or Taiwan on ECRL?PETALING JAYA: Is Malaysia negotiating with China or Taiwan on the East Coast Rail Link (ECRL) asks MCA president Datuk Seri Dr Wee Ka Siong. Lu sibok apa? Pergi cium sama itu lebai. Malaysia is not but Daim is. Malaysians remain at a lost on why such a loss making project is proceeding. Malaysians are here to pay and pay only. Apabila pengkomen dasar lebih lurus dari pembaris kihkihhhh
Source: staronline - 🏆 4. / 75 Read more »
Equal ECRL joint venture with China not a security threat, MRL tells Najib | Malay MailKUALA LUMPUR, April 17 — Malaysia Rail Link (MRL) Sdn Bhd today rebutted Datuk Seri Najib Razak’s claim that the 50:50 joint venture with China on the East Coast Rail Link (ECRL) could pose a security threat, claiming that the workings of the country’s internal details could be exposed to... What do Sri Langka, Djibouti, Kyrgyzstan, Laos, Maldives, Mongolia, Montenegro, Pakistan & Tajikistan had in common? They too had ceded control of their strategic infrastructures to China. Thus ensuring long term employment for chinese nationals wih mgmt & technical control. Ya la. Back then 100% malaysian, with borrowing from china is selling the country to china, china debt trap. Now, with borrowing from china, 50% malaysian ownership 50% china ownership, suddenly no selling the country to china, no china debt trap.🤦🏻♂️
Source: malaymail - 🏆 1. / 86 Read more »
Minister hopes ECRL prioritises local goods, more palm oil bought by China in return | Malay MailKUALA LUMPUR, April 12 — Minister Teresa Kok has expressed her hope today that the East Coast Rail Link (ECRL) project will prioritise local resources, after Putrajaya announced earlier today that the project is back on track. In a statement, the primary industries minister said she welcomes the... Is there something more addictive in palm oil that the world is missing? teresakok pakatanharapan_
Source: malaymail - 🏆 1. / 86 Read more »
PM: China company to refund part of RM3.1b ECRL advance | Malay MailKUALA LUMPUR, April 15 — China Communications Construction Company Ltd (CCCC) has agreed to refund part of the RM3.1 billion advance payment for the East Coast Rail Link (ECRL) Phase 2, Double Tracking and the Northern Extension under the original contract. “RM500 million will be refunded...
Source: malaymail - 🏆 1. / 86 Read more »