Connect with us
CGIF-10th-Year-Anniversary

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.

Avatar

Published

on

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.

 

 

Comments

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.

National News Bureau of Thailand

Published

on

DFT to organize Southern Border Trade Fair

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…)
Continue Reading

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

Avatar

Published

on

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…)
Continue Reading

Business

Malaysia World’s Best Countries To Invest In Or Do Business For 2018

Thailand ranked number 10, or fourth country of the Asean block after Malaysia, the Philippines and Singapore

Boris Sullivan

Published

on

KL skyline night

Malaysia has been crowned as the best country in the world to invest in or do business for 2018, according to the CEOWORLD magazine.

(more…)
Continue Reading
Advertisement

Latest

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 13,520 other subscribers

Trending