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Foreign companies continue to be committed to invest in Malaysia for the long term

Foreign companies continue to be committed to invest in Malaysia for the long term

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

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

23 January 2015