ID :
180240
Thu, 05/05/2011 - 18:17
Auther :
Shortlink :
https://oananews.org//node/180240
The shortlink copeid
INITIATIVES TO WOO INDONESIAN INVESTMENT TO M'SIA BEAR FRUITION, SAYS MUSTAPA
By Ahmad Fuad Yahya
JAKARTA, May 5 (Bernama) -- Efforts to woo investing companies from
Indonesia to invest in Malaysia and to correct the imbalance in bilateral
investment between the two friendly neighbours have started to bear fruition.
Malaysian International Trade and Industry Minister Mustapa Mohamed said
that currently several Indonesian companies were discussing four memorandums of
understanding (MoUs) with four Malaysian companies to invest in Malaysia.
"If the negotiations can be concluded here in several hours, we will hold
the signing ceremony here," he told Malaysian journalists here Thursday.
Mustapa, who is here for the Asean-EU Business Summit Thursday and the Asean
Economic Ministers' Meeting, said he took the opportunity to meet several
Indonesian corporate figures involved in the proposed investments.
The positive response from Indonesian investors to invest in Malaysia was
the outcome of the visit by Deputy Prime Minister Muhyiddin Yassin to
Indonesia and his meeting with the captains of Industry in Indonesia last year,
he said.
Following the meeting, several Malaysian companies invited Indonesian
Chinese corporate figures from the Indonesian Chinese Chambers of Commerce and
Industry to Malaysia in February to explore investment prospects in Malaysia
particularly in projects slated under the Economic Transformation Programme.
Mustapa said Indonesia's rapid economic growth had led Indonesian
entrepreneurs to look for business opporttunities outside the republic and
Malaysia had invited them to make Malaysia as the platform to set a basin
foreign investment.
This effort was in line with the objective to create the Asean Economic
Community in 2015, he said.
"There's no use we have the Asean economic community, but with a low level
of investment ties," he said.
Currently, Malaysia-Indonesia two-way investments are in Malaysia's favour,
with trade amounting to more than US$2 billion as compared to Indonesia's US$600
million in Malaysia.
JAKARTA, May 5 (Bernama) -- Efforts to woo investing companies from
Indonesia to invest in Malaysia and to correct the imbalance in bilateral
investment between the two friendly neighbours have started to bear fruition.
Malaysian International Trade and Industry Minister Mustapa Mohamed said
that currently several Indonesian companies were discussing four memorandums of
understanding (MoUs) with four Malaysian companies to invest in Malaysia.
"If the negotiations can be concluded here in several hours, we will hold
the signing ceremony here," he told Malaysian journalists here Thursday.
Mustapa, who is here for the Asean-EU Business Summit Thursday and the Asean
Economic Ministers' Meeting, said he took the opportunity to meet several
Indonesian corporate figures involved in the proposed investments.
The positive response from Indonesian investors to invest in Malaysia was
the outcome of the visit by Deputy Prime Minister Muhyiddin Yassin to
Indonesia and his meeting with the captains of Industry in Indonesia last year,
he said.
Following the meeting, several Malaysian companies invited Indonesian
Chinese corporate figures from the Indonesian Chinese Chambers of Commerce and
Industry to Malaysia in February to explore investment prospects in Malaysia
particularly in projects slated under the Economic Transformation Programme.
Mustapa said Indonesia's rapid economic growth had led Indonesian
entrepreneurs to look for business opporttunities outside the republic and
Malaysia had invited them to make Malaysia as the platform to set a basin
foreign investment.
This effort was in line with the objective to create the Asean Economic
Community in 2015, he said.
"There's no use we have the Asean economic community, but with a low level
of investment ties," he said.
Currently, Malaysia-Indonesia two-way investments are in Malaysia's favour,
with trade amounting to more than US$2 billion as compared to Indonesia's US$600
million in Malaysia.
