ID :
114072
Tue, 03/30/2010 - 07:18
Auther :
Shortlink :
https://oananews.org//node/114072
The shortlink copeid
THAILAND EXPECTED TO INCREASE INVESTMENT IN MALAYSIA
KUALA LUMPUR, March 29 (Bernama) -- Thailand's investment in Malaysia is
expected to increase further based on the keen interest shown by its firms,
International Trade and Industry Minister Mustapa Mohamed said Monday.
A 130-member Thai delegation is here to explore potential business
opportunities as a result of Prime Miniter Najib Tun Razak's visit to
Thailand last year to discuss ways to further strengthen the state of bilateral
relations between the two countries.
Mustapa also said that representatives from 15 halal firms from Thailand
will be visiting Malaysia in the next two weeks, seeking to leverage on
Malaysian expertise in the industry.
He said in another three months, represenatives from the major companies
listed on the Stock Exchange of Thailand will make a visit to Malaysia.
"Since the Prime Minister's visit last December, we have seen a rise in
interest among Thai investors, leading to a further increase in investment from
Thailand," the minister said.
He said this after a meeting here with Thailand Trade Representative
president Kiat Sittheeamorn, who is leading a delegation of government officials
and 100 members from Thailand's Nationwide Chamber of Commerce.
"At this time, Malaysian investment in Thailand is more compared to Thai
investment in Malaysia. So we want to step up relations to get more investments
from Thailand," Mustapa said.
He said that investment by Malaysian companies in Thailand totalled about
RM3 billion (US$1=RM3.29) while those from Thailand had invested RM1 billion in
Malaysia so far.
"So we want more investments from Thailand to provide benefits for both
parties," the minister said, adding that Malaysia could benefit from Thailand's
expertise, especially in the halal industry.
Other sectors included agriculture, automotive, tourism and biofuel, he
said.
"Thailand has a big halal product and agricultural industries, and we have
expertise in these fields. This is an opportunity for the two countries to
collaborate in developing these industries," he added.
-- BERNAMA
expected to increase further based on the keen interest shown by its firms,
International Trade and Industry Minister Mustapa Mohamed said Monday.
A 130-member Thai delegation is here to explore potential business
opportunities as a result of Prime Miniter Najib Tun Razak's visit to
Thailand last year to discuss ways to further strengthen the state of bilateral
relations between the two countries.
Mustapa also said that representatives from 15 halal firms from Thailand
will be visiting Malaysia in the next two weeks, seeking to leverage on
Malaysian expertise in the industry.
He said in another three months, represenatives from the major companies
listed on the Stock Exchange of Thailand will make a visit to Malaysia.
"Since the Prime Minister's visit last December, we have seen a rise in
interest among Thai investors, leading to a further increase in investment from
Thailand," the minister said.
He said this after a meeting here with Thailand Trade Representative
president Kiat Sittheeamorn, who is leading a delegation of government officials
and 100 members from Thailand's Nationwide Chamber of Commerce.
"At this time, Malaysian investment in Thailand is more compared to Thai
investment in Malaysia. So we want to step up relations to get more investments
from Thailand," Mustapa said.
He said that investment by Malaysian companies in Thailand totalled about
RM3 billion (US$1=RM3.29) while those from Thailand had invested RM1 billion in
Malaysia so far.
"So we want more investments from Thailand to provide benefits for both
parties," the minister said, adding that Malaysia could benefit from Thailand's
expertise, especially in the halal industry.
Other sectors included agriculture, automotive, tourism and biofuel, he
said.
"Thailand has a big halal product and agricultural industries, and we have
expertise in these fields. This is an opportunity for the two countries to
collaborate in developing these industries," he added.
-- BERNAMA
