Foreign companies continue to be committed to invest in Malaysia for the long term
23 Jan 2015
Foreign companies with investments in Malaysia have expressed their commitments to invest in the country for the long term, noting the government’s proactive measures and a business-friendly environment here.
Royal Vopak Chairman Executive Board and Chief Executive Officer, Eelco Hoekstra said the group has always taken a long-term view of their investments based on good governance in Malaysia, the actively working public-private sector collaboration as well as good partners, adding that Malaysia has a lot of attributes that sync with their strategy for investment.
Hoekstra said this to Malaysian reporters at the luncheon jointly hosted by Khazanah Nasional Bhd, Malaysian Investment Development Authority (MIDA) and InvestKL on the sidelines of the 45th World Economic Forum in Davos, yesterday.
The Dutch company is currently in a joint venture with Petronas and Dialog Group to develop an industrial terminal in Pengerang, Johor, which is a key component of the Petronas Pengerang Integrated Complex.
Similarly, Lafarge Chairman and Chief Executive Officer, Bruno Lafont, who was also at the luncheon, viewed the company’s commitments in Malaysia as long-term investments, adding that Malaysia has a promising position in the company, which currently operates in over 60 countries.
Earlier, addressing top foreign corporate leaders at the luncheon, Prime Minister Datuk Seri Najib Razak assured the business community that Malaysia’s economic fundamentals remain strong, supported by comfortable levels of external reserves, low external debt, low unemployment and healthy inflows of foreign direct investments, despite the anticipated challenging environment this year.
The Prime Minister also highlighted the ASEAN region as a potentially viable investment gateway to greater Asia. Malaysia, which takes over the Chair of ASEAN this year would move to build an economically-integrated ASEAN especially towards the establishment of a single market and production base, he added.
The business luncheon was well-attended with the presence of more than 100 top-level corporate decision makers from leading companies including General Electric, Barclays, Bata, Huawei, Lippo Group, Hyatt Hotel and Ernst & Young.
Among the Malaysian business leaders attending the event were Khazanah Nasional group managing director, Tan Sri Azman Mokhtar, Axiata president and Group chief executive officer, Datuk Seri Jamaludin Ibrahim, CIMB Group Holdings Bhd chairman, Datuk Seri Nazir Razak, AirAsia Group chief executive officer, Tan Sri Tony Fernandes and UEM Group chairman, Tan Sri Dr Ahmad Tajuddin Ali.
Source: :Bernama, New Straits Times and The Sta 23 Jan 2015