On 17 June 2020, Mr. S. Sivasuriyamoorthy, Executive Director of Investment Promotion of the Malaysian Investment Development Authority (MIDA) presented to over 100 participants from Malaysia and Europe, who attended the webinar, co-organised by Standard Chartered Bank Malaysia and MIDA.
The webinar was among the programmes organised by Standard Chartered Bank Malaysia and MIDA, following the signing of the Memorandum of Understanding (MOU) on 11 June 2020. The MOU formalised the partnership between both parties to promote Malaysia as the strategic investment destination in ASEAN.
Aptly entitled ‘Turning a Setback into a Comeback’, Mr. Siva’s presentation also touched upon Malaysia as an alternative supply chain base in Asia. Following the opening of the country’s economy and the announcement of the National Short Term Economic Recovery Plan, he highlighted that Malaysia is well-positioned for companies seeking to seize emerging opportunities of the low-touch economy, in the post COVID-19 marketplace.
Representing Standard Chartered Bank at the webinar was Mr. Edward, Regional Head of Standard Chartered in Singapore. He shared updates on the current COVID-19 situation and economy outlook in ASEAN, highlighting Malaysia’s success in handling the pandemic and journey to economic recovery.