ID :
60399
Wed, 05/13/2009 - 15:41
Auther :
Shortlink :
https://oananews.org//node/60399
The shortlink copeid
MALAYSIAN FIRMS EXPLORING OPPORTUNITIES IN EUROPEAN MARKET
By Samantha Tan Chiew Tieng
KUALA LUMPUR, May 13 (Bernama) -- Malaysian companies are still exploring
business opportunities in the European market despite the challenging economic
environment, according to the Netherlands Foreign Investment Agency (NFIA).
"Enquiries have not diminished despite the global economic slowdown. These
are still coming, whether in an actual product selling or finding a new market
in Europe," NFIA project manager K.C. Lee told Bernama in a interview recently.
Lee said the agency has been still receiving active enquiries because some
local companies are adventurous as they believe that during a crisis, there are
also opportunities.
"Malaysian companies have achieved world standard in the quality of their
products and services. Hence, it is time for them to explore new markets because
they cannot grow if they just keep selling their products locally," he said.
NFIA, a division of the Netherlands' Economic Affairs Ministry, was set up
in October 2007 to assist micro entrepreneurs as well as big companies entering
the European market through the Netherlands.
Lee said a high portion of the enquiries came from Malaysian companies in
the fields of consumer products, halal and non-halal foodstuff, engineering and
information services, software and healthcare.
"The 2009 target for NFIA Malaysia is five new projects with initial value
of RM15 million in total," he said.
Last year, four projects were realised with an estimated total initial value
of RM50 million, Lee said.
"Investment is not only building big factories. Helping a company in
marketing is also part of investment. The Netherlands can be a portal for the
distribution of Malaysian products to Europe," he said.
Lee said about 25 Malaysian companies are already operating in the
Netherlands, with some of them teaming up with Dutch companies while others
include giant plantation companies like Sime Darby and IOI Corp Bhd.
He said the reasons to invest in the Netherlands included its strategic
location in Europe, international business environment, superior logistics and
technology infrastructure, and attractive tax environment. (US$1=RM3.51)
-- BERNAMA
KUALA LUMPUR, May 13 (Bernama) -- Malaysian companies are still exploring
business opportunities in the European market despite the challenging economic
environment, according to the Netherlands Foreign Investment Agency (NFIA).
"Enquiries have not diminished despite the global economic slowdown. These
are still coming, whether in an actual product selling or finding a new market
in Europe," NFIA project manager K.C. Lee told Bernama in a interview recently.
Lee said the agency has been still receiving active enquiries because some
local companies are adventurous as they believe that during a crisis, there are
also opportunities.
"Malaysian companies have achieved world standard in the quality of their
products and services. Hence, it is time for them to explore new markets because
they cannot grow if they just keep selling their products locally," he said.
NFIA, a division of the Netherlands' Economic Affairs Ministry, was set up
in October 2007 to assist micro entrepreneurs as well as big companies entering
the European market through the Netherlands.
Lee said a high portion of the enquiries came from Malaysian companies in
the fields of consumer products, halal and non-halal foodstuff, engineering and
information services, software and healthcare.
"The 2009 target for NFIA Malaysia is five new projects with initial value
of RM15 million in total," he said.
Last year, four projects were realised with an estimated total initial value
of RM50 million, Lee said.
"Investment is not only building big factories. Helping a company in
marketing is also part of investment. The Netherlands can be a portal for the
distribution of Malaysian products to Europe," he said.
Lee said about 25 Malaysian companies are already operating in the
Netherlands, with some of them teaming up with Dutch companies while others
include giant plantation companies like Sime Darby and IOI Corp Bhd.
He said the reasons to invest in the Netherlands included its strategic
location in Europe, international business environment, superior logistics and
technology infrastructure, and attractive tax environment. (US$1=RM3.51)
-- BERNAMA
