KUALA LUMPUR, May 31 — Former Bangi MP Ong Kian Ming today said that Malaysia should take advantage of the diplomatic ties with China by focusing on a comprehensive and...
Former Bangi MP Ong Kian Ming says the investments can integrate with the domestic supply chain and could benefit some Malaysian companies. ― Picture By Raymond ManuelKUALA LUMPUR, May 31 — Former Bangi MP Ong Kian Ming today said that Malaysia should take advantage of the diplomatic ties with China by focusing on a comprehensive and coordinated strategy to attract high-quality investments from the country.
“Some of these investments can benefit Malaysian companies that have capabilities in IC design, advanced packaging, and specialty chemicals, either through participation in the research and development and technology transfer channel in China or via Chinese companies investing in Malaysia via joint venture arrangements,” he said in a statement.
“Many of these investors, where they were allowed to invest abroad, would have been mostly focused in the larger and more developed markets in the United States, Europe, and Japan. “This would require constant and high-level engagements between our financial regulators such as Bank Negara and the Securities Commission, our stock exchange namely Bursa Malaysia, and also our policymakers at the Ministry of Finance,” he said.
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