The Malaysian Investment Development Authority (MIDA) together with HSBC and the British Malaysian Chamber of Commerce (BMCC) organised a webinar entitled “Diversifying the Supply Chain” on 9 June 2020. The webinar was specially targeted for potential and existing British companies to better understand Malaysia as the possible destination for their global supply chain hub in Asia.
Mr. Arham Abdul Rahman, Deputy CEO of MIDA, delivered the Keynote Address. He emphasised the Government’s commitment to speed up the recovery of the country’s economy, particular through the National Short-Term Economic Recovery Plan (PENJANA) that was announced on 5 June 2020. Sharing on the major investment measures of PENAJA, Mr. Arham pointed out that Malaysia will remain as an investor-friendly destination for the long term growth, for both foreign and domestic businesses alike. He welcomed more UK companies to leverage on Malaysia as their profit centre in Asia.
The panellists at the webinar session were Mr. Arham, Mr. Sanjeev Panchal from AstraZeneca Malaysia, Mr. Omar Mahmoud, Country Head of Global Banking of HSBC Malaysia and Ms. Deborah Clarke, Country Director of Department for International Trade, British High Commission in Malaysia. The panel session discussed Malaysia’s capabilities in terms of talent, logistic and reliable local supply chain network to support MNCs in Malaysia.