Malaysia
Malaysia Top Investment Choice For French Investors
Continuous political stability and security have made Malaysia a country of choice for French investors and merchants, said Malaysian Ambassador in France Tan Sri Ismail Omar.
He said these factors had strengthened Malaysia’s economic relations with France and made them good trading partners.
France is the 14th largest foreign investor in Malaysia’s manufacturing industry with an investment of about USD1 billion (USD1 = RM3.29), he told Bernama here yesterday.
Continuous political stability and security have made Malaysia a country of choice for French investors and merchants, said Malaysian Ambassador in France Tan Sri Ismail Omar.
He said these factors had strengthened Malaysia’s economic relations with France and made them good trading partners.
France is the 14th largest foreign investor in Malaysia’s manufacturing industry with an investment of about USD1 billion (USD1 = RM3.29), he told Bernama here yesterday.
“The French investments are in major sectors like petroleum products, machinery and equipment, chemical products, aerospace and transport equipment while major investors are Lafarge, Eurocopter, Messier-Dowty Bugatty (MBD), Marigold, DCNS, Arkema, Cofely GDF Suez, Air Liquide and Saint-Gobain.
“France is Malaysia’s 16th largest trading partner with total trade of USD6.02 billion in 2012 and USD3.54 billion (up to August this year),” he added.
In tourism sector, he said Malaysia recorded a 6.4 per cent increase in French tourist arrivals last year to 136,137 from 127,980 in 2011.
He said direct flights between Kuala Lumpur and Paris helped lured French tourists with Malaysia Airlines having seven flights weekly while Air France three times weekly.
Ismail said Malaysia was eying to boost French tourist arrivals next year in view of the Visit Malaysia Year 2014 where various events and campaigns had been lined up.
He said a number of French nationals had also made Malaysia their second home due to the country’s economic progress, peace and stability, culture, and the people’s friendly disposition.
In the education sector, he said, Malaysia began sponsoring students to pursue higher studies in France since 30 years ago.
Ismail said currently about 1,000 Malaysian students were studying in France but only 616 of them were registered with the embassy, 336 of them sponsored by the Public Service Department, 61 (Mara), 54 (Education Ministry) and 165 (Petronas, Telekom Malaysia and self-funded students).
By Bernama
The post Stability, Security Makes Malaysia A Top Investment Choice For French Investors appeared first on Asean Investment | Marc Djandji Blog.
Malaysia
Department of Foreign Trade (DFT) to organize Southern Trade Fair
The event will provide a platform for business negotiations and stimulate the economy, trade and investment in the three southern border provinces.
BANGKOK, 18 April 2019 (NNT) – The Department of Foreign Trade (DFT) will organize a Southern Border Trade Fair to provide knowledge to entrepreneurs in preparation for accessing the Malaysian market.
(more…)
Hong Kong
Hong Kong’s Star is Fading – Where Will Asia’s Next Financial Center Be?
Rising concerns over the interventionist policies of the Chinese government have led to Hong Kong losing its luster
Not too long ago, it was universally agreed among the traders and bankers of the world that the city-state of Hong Kong was the place to do business in Asia.
(more…)
Recovering global trade supports APAC economies but Tourism exposure will temper Thailand’s rebound
The direct contribution of travel and tourism to Thailand's economy was around 10% of GDP before the pandemic, but the...
Thailand Expects 600,000 Tourists from Phuket Sandbox reopening
From 1 July, Phuket will waive quarantine requirements for foreign tourists who have been fully vaccinated against COVID-19 under the...
Thai Government Plans to Increase 2022 Investment Budget by 90 Billion baht ($2.84 bln)
According to the 2022 fiscal budget bill, which has public spending set at 3.1 trillion baht, accounting for 17.9% of...
Fitch Affirms Thailand’s rating at ‘BBB+’ with a Stable Outlook
Fitch forecasts Thailand's tourism-dependent economy will recover only modestly, by 1.8% in 2021 after a sharp 6.1% contraction in 2020.
One-stop SME information portal connecting ASEAN businesses and beyond
The ASEAN Access is a flagship initiative of the ACCMSME, spearheaded by the OSMEP, Thailand and supported by the Federal...