No Result
View All Result
  • Login
  • Register
Business & Technology
SUBSCRIBE
  • .
  • Thought Leadership
  • Conversations
  • International Voices
  • News
  • Wealth
  • Digital Transformation
  • Lifestyle
  • Videos
  • Podcasts
  • .
  • Thought Leadership
  • Conversations
  • International Voices
  • News
  • Wealth
  • Digital Transformation
  • Lifestyle
  • Videos
  • Podcasts
No Result
View All Result
Biztech Asia
Home News

Malaysia-China relations on the right path

by editorial
27/11/20
in News
2 min read
0
Malaysia-China relations on the right path

Asia Pacific Investment Bank (APIB) urges Chinese enterprises to make full use of the favourable trade policies and tax incentives by the Malaysian government and invest in Malaysia in expanding their international business venture.

In a statement today, APIB CEO Chris Wang said that China has always been the main source of foreign direct investment to Malaysia.

Despite facing an unprecedented pandemic crisis this year, the trade volume between the two countries has recorded USD103.93 billion from January to October 2020. The trade figure reflects the strong bilateral relationship between Malaysia and China, both in trade and diplomatic ties. Both countries remained closely in touch during the pandemic.

Malaysia is transforming to be competitive, high-value added services hub and a global trading center. The Malaysian government in its recent 2021 Budget introduced a new tax incentive, with a preferential tax rate of 10% for 5 years which can be renewable for a further 5 years period. This will attract foreign investments especially Chinese enterprises, and at the same time promote global trade activities.

“As a Chinese-funded offshore investment bank, we strongly encourage China enterprises to invest in Malaysia for a win-win outcome. For 11 consecutive years, China has been Malaysia’s largest trade partner and there is further potential in terms of economic and trade collaborations,” said Wang.

According to recent statistics by the Ministry of International Trade and Industry of Malaysia, from January to September 2020, Malaysian government has approved investment projects by 58 manufacturing companies. These projects will generate large number of new job opportunities which is essential in the current sluggish labour market.

The CEO further commented that the Economic Stimulus Package introduced by the Malaysian government during the pandemic has provided assistances for businesses. However it is equally crucial to attract foreign investments to stimulate growth and rapidly revitalise the country’s economy.

“In order to attract and assist foreign enterprises to invest in the country, Malaysian government has put a lot of efforts in securing a business-friendly environment. By holding regular dialogue sessions , the government was able to formulate policies that met  the expectation of foreign investors. At the same time, the Liberal Equity Policy is also a factor in attracting foreign investors. Since June 2003, foreign investors can hold 100% of the equity in all investment in new projects.”

In the recently published Global Competitiveness Report 2020, Malaysia ranked 2nd after Singapore among ASEAN countries. As a developing nation, Malaysia possesses huge potential, especially in areas such as online trading and digital technology.

 

Previous Post

Singapore REITS and China tech stocks – Which should you buy?

Next Post

Pfizer to supply 12.8 million doses of Covid-19 vaccine to Malaysia

editorial

editorial

Related Posts

MDEC appoints new chief financial officer
News

MDEC appoints new chief financial officer

M&A valuations boom in the second half of 2020 despite impacts of the pandemic
News

M&A valuations boom in the second half of 2020 despite impacts of the pandemic

Greater China equities – a resilient way forward
News

Growing foreign interest pours into China

News

Biden’s inauguration in focus; markets off to a sluggish start

Tesla delivers its first China-produced Model Y crossovers
News

Tesla delivers its first China-produced Model Y crossovers

Greater China equities – a resilient way forward
News

China beats economists’ forecast – economy grows 2.3% in 2020

Next Post
Vaccines breakthroughs call for cautious optimism

Pfizer to supply 12.8 million doses of Covid-19 vaccine to Malaysia

How Covid-19  has rewritten the rules of recruitment?

How Covid-19 has rewritten the rules of recruitment?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

Recommended Stories

Airbnb soars 112% in public market debut

Airbnb soars 112% in public market debut

Malaysian property market 2020 and what to look out for in 2021?

Malaysian property market 2020 and what to look out for in 2021?

Mandatory Covid-19 jabs are not the way to go says WHO

Mandatory Covid-19 jabs are not the way to go says WHO

Popular Stories

  • Economic recovery: an elusive thought?

    Economic recovery: an elusive thought?

    0 shares
    Share 0 Tweet 0
  • Cannibalising your business can be profitable

    0 shares
    Share 0 Tweet 0
  • Sexual fulfillment builds confidence and well-being

    0 shares
    Share 0 Tweet 0
  • Tech Stocks – Ant gets stomped on but REITS offer stability amid volatility

    0 shares
    Share 0 Tweet 0
  • Singapore REITS and China tech stocks – Which should you buy?

    0 shares
    Share 0 Tweet 0

About Us

A Business and Technology digital publication that engages business leaders in business and technology conversations to help everyone pivot, adapt, and thrive in these turbulent times.

LEARN MORE »

Contact Us

Phone: 016-2011 050

Email: editor@biztech.asia

Address:
Level 18, Boutique Office 1 (B01-C)
Menara 2, No. 3, Jalan Bangsar,
KL Eco City, 59200, Kuala Lumpur.

Email Newsletter

Loading

© 2020 Business & Technology - made possible by Milestones Digital.

No Result
View All Result
  • Home
  • Thought Leadership
  • Conversations
  • International Voices
  • News
  • Wealth
  • Digital Transformation
  • Lifestyle
  • Videos
  • Podcasts
  • Login
  • Sign Up

© 2020 Business & Technology - made possible by Milestones Digital.

Welcome Back!

Sign In with Facebook
Sign In with Google
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Facebook
Sign Up with Google
OR

Fill the forms bellow to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

will use the information you provide on this form to be in touch with you and to provide updates and marketing.