Prime Minister Datuk Seri Najib Tun Razak believes China will be at the forefront of the economic crisis revival.
Najib in China: A full day of talking biz and closing deals
BEIJING, June 4 — Chinese companies may be asked to participate in the completion of the double-tracking rail system in the southern tip of Peninsula Malaysia, said Prime Minister Datuk Seri Najib Tun Razak.
In a question and answer session at the one-day Malaysia-China Business Forum here today, he said he had touched on the issue of Chinese companies taking part in infrastructural projects in Malaysia during his discussions with Chinese premier Wen Jiabao yesterday.
He said a Chinese company would be involved in the construction of the second PenangBridge while another would take the majority share in a joint venture related to the expansion of the Mengkuang Dam in Penang.
Najib also said that Chinese companies would be considered for the energy sector in Sarawak related to the Bakun Dam and they would also be invited for the expansion of Malaysia’s information communication technology sector.
Earlier, China’s Vice-Premier Hui Liangyu said in his welcoming remarks that the way forward for China and Malaysia in the current economic downturn was to strengthen their economic cooperation.
There are a lot of areas that the business communities of both countries could collaborate for a better future, he said.
Hui said he took note of Malaysia’s Vision 2020 and that China too had a similar time frame to further uplift its development for the benefit of its people.
Later, Najib witnessed an exchange of documents of 16 memoranda of understanding between Malaysian and Chinese companies and organisations.
They include INS Bioscience Bhd, which exchanged documents with two parties, the first with Tonghua Dongbao Pharmaceutical Co Ltd to manufacture halal insulin, and the second with a partner in Dalian to manufacture bio-fertilisers.
Jia Yu Home Entertainment Sdn Bhd, which is a collaboration with MDec, signed an agreement with the Nanning and Chengsa TV stations to undertake joint production of the 2010 Chinese New Year “live” broadcast.
CIMB Bank Bhd exchanged documents with Yingkou Co Ltd to complete a 19.99 per cent acquisition of Bank of Yingkou while SP Setia Bhd will team up with Hangzhou Ju Shen Construction Engineering Ltd to develop a piece of land measuring about 12 hectares in Xiao Shan in Zhejiang province.
Another MoU involving property development is related to Dutaland Bhd’s joint venture with the BODA Group to develop a 1.3 ha piece of land in Shijiazhuang, a provincial capital within the Beijing-Tianjin area.
Dibena Enterprise Sdn Bhd signed two MoUs, one with Becom Software Co Ltd to undertake a joint venture in smart student cards in Malaysia, and with Beijing Risbo Networking Technology Co Ltd to collaborate in wired and wireless networks in Malaysia and China.
China’s Huawei Technologies signed two MoUs, one with Technology ParkMalaysia in human capital development for the telecommunication industry, and another with Universiti Teknikal MARA for the same purpose.
Other MoUs include Lion Blast Furnace Sdn Bhd with EXIM Bank China to finance a blast furnace project; Danga Bay Sdn Bhd with Beijing School of Foreign Languages to develop an educational institution in Iskandar Malaysia; Sunzen Biotech Bhd with Regalplus (Beijing) Investment Consultant Co Ltd to supply animal feed additives made from biotechnology; Acacia Cellulose
International Sdn Bhd with China National Machinery & Equipment Import & Export Corporation to construct a pulp and paper mill; Bell Corporation Sdn Bhd and Oriental Children Care Green Product Development Co Ltd on marketing personal care products; and Dewan Perniagaan Melayu Malaysia with the China Council for the Promotion of International Trade to jointly promote trade and human resource training. – Bernama
======
June 04, 2009 19:44 PM
PM Urges Chinese Companies To Consider BursaMalaysia Listing
From Yong Soo Heong
BEIJING, June 4 (Bernama) -- Prime Minister Datuk Seri Najib Tun Razak expressed the hope that he would like to see more Chinese companies explore the possibility of listing on BursaMalaysia.
He also asked them to consider investing in Iskandar Malaysia in Johor and the Sarawak Corridor of Renewable Energy.
Already he said there was Chinese participation in thr Bakun hydroelectric dam.
Chinese President Hu Jiabao welcomes Malaysian PM DSNajib TAR
"There are many more dams being planned for Sarawak and you could bring your construction expertise in hydro-electric products," Najib said in his opening remarks at a roundtable discussion with Chinese entrepreneurs and members of the Malaysia-China Business Council here.
Najib said he would like to see more entrepreneurs and investors from China in Malaysia.
"I would like to assure entrepreneurs and investors from China that you will be very welcomed in Malaysia. Our government is pro-business and a market-friendly government that will facilitate the ease of doing business in Malaysia," he stressed.
The prime minister said Malaysia, which had improved to become the 18th most competitive country in the world, had also enhanced its public delivery system and shortened approval processes for businesses.
Najib, who is also Finance Minister, said Malaysia hoped to see more collaboration between Chinese and Malaysian entrepreneurs in financial services, renewable energy, greentechnology, education, healthcare, water, tourism, halal food besides the existing partnerships in property development and manufacturing.
Malaysian PM SDNajib and Chinese President Hu JiaBao