KUALA
LUMPUR (April 17): Wang Jianmin, deputy director of the Ministry of
International Trade and Industry, said that the ministry has set up a task
force to discuss more business application procedures with relevant ministries
such as the Ministry of Finance, so that domestic and foreign investors can
enjoy more easier business application procedures. Not only shorten the waiting
for approval time, but also reduce all kinds of problems that may be faced, and
create a pro-business investment environment.
He
said that the government can provide all investors and businesses with the
convenience of starting from the infrastructure, such as foreign investment to
set up factories. After the land purchase is ready to be built, the Ministry of
Trade and Industry and the Ministry of the Environment can coordinate policies
so that foreign capital can smoothly apply for infrastructure such as water and
electricity supply. What's more important is to increase the confidence of
foreign businessmen and allow them to enjoy more convenient services when
making applications according to the procedures.
Coordinated by the Ministry of Finance and Other
Departments
"It
is undeniable that the current business environment has not yet reached the
pro-business stage, and there are still many documents that need further
coordination. However, the department has set up a task force to cooperate with
the Ministry of Finance and other departments to improve the convenience of
various application procedures."
Wang
Jianmin made a speech today at the "Malaysia 2019 Economic Forum - How
Malaysia releases its potential in the trend of globalization" and when
speaking at the forum, how the China-US trade war will affect Malaysia, if the China-US
trade war continues In the future, Malaysia will definitely be affected by the
decline in the volume of goods exported from China and the United States.
"Although
we can't influence Sino-US relations, we can do a good job in the economic
investment environment and attract more China investors. Geely invested on
Proton is a very good example. If Proton can improve its performance in the
next three years, it will become a good example for many companies for setting
up factories in Malaysia. Using the same model to produce products in Malaysia,
we can also make good use of Malaysia's rich resources to open up regional
markets."
Wang
Jianmin said that the Malaysian government does not encourage foreign investors
to use Malaysia as a simple production or transfer station during the China-US trade
war, repackaging the products and shipping them to the United States, because
this will allow the US government to pay attention to Malaysia's trade.
However, the Malaysian government encourages foreign investors to invest in
Malaysia to set up factories, and to do talent cultivation and technology
transfer. Only in this way can we bring benefits.
Due to the Sino-US Trade War, It Is Expected
that More China Investors Will Come to Malaysia.
Wang
Jianmin said that China is not only Malaysia's largest trading partner, the
largest source of foreign direct investment (FDI), but also a natural and
strategic location for China's long-term investment. It is expected that
Malaysia will attract more China Investors will come to Malaysia.
He
said that from 2016 to September 2018, the cumulative amount of foreign direct
investment approved by the government in China's manufacturing industry was as
high as RM15.62 billion. In 2016, it recorded RM4.7 billion and the following
year recorded a record of RM3.9 billion.
"The
data for 2018 is still in statistics. I believe that the data for the whole
year will be higher, which fully shows that China entrepreneurs have great
confidence in Malaysia."
Helping Entrepreneurs Enter the Digital Economy
Era
Zhang
Guolin, director of the Digital Economy Group in Malaysia, said that China is
far ahead of the cloud technology. Therefore, The Associated Chinese Chambers
of Commerce and Industry of Malaysia (ACCCIM) have also set up a digital
economy group to help local businesses enter the digital economy era. This
shows that the digital economy is very optimistic.
He
said that Malaysia has always been known for its trade history and familiarity
with various cultural exchanges. Therefore, Malaysia can become a good platform
for cooperation and develop Malaysian enterprises. Not only is it limited to
white coffee, bird's nest, durian products, etc. On the contrary, there are
many high-quality products, such as Batik on the East Coast, which are very
special.
China Investors is Slowly Coming Back.
Malaysia
Bank of China deputy governor Datuk Zheng Ruijin said that after Malaysia
changed its government last year, it did enter a period of observation, but
recently he found that Chinese investors has slowly returned, and basically received
an inquiry from a China-funded company on how to set up a factory in Malaysia
every day.
"There
is no denying that the global economy is slowing down due to various factors, especially
the China-US trade war, but banks are doing real economy. I often tell the
account manager: When an economic transformation receives an impact, unless you
think that an industry has never existed, and you don't support him. Otherwise,
if it is a behavior that exists at any time, such as driving, housing, and
eating, we must support these quality customers."
"Unless
one day there is no need to use banknotes to buy things, but electronic
payments will not be inseparable from the financial system, banks will also
support the growing economic system."
He
said that Malaysia is not really the "cheapest" investment country,
but Malaysia has many advantages. In addition to its abundant resources, it
also has talented people. The overall environment here also gives China people
the feeling of “not leaving China”; so many Chinese companies want to expand
their market in the international market.
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