PM: Leading companies from China to make Malaysia their regional hub - MIDA | Malaysian Investment Development Authority
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PM: Leading companies from China to make Malaysia their regional hub

PM: Leading companies from China to make Malaysia their regional hub

03 Apr 2023

Prime Minister Datuk Seri Anwar Ibrahim said several leading companies from China have decided to make Malaysia their regional hub.

Speaking at the monthly assembly of the Prime Minister’s Department (JPM) staff here today, Anwar said he would reveal more details about the matter soon.

“Usually their regional hubs are in other countries, or in neighbouring countries, this is the first time several of the (Chinese) companies choose Malaysia as their regional hub,” the premier said after his recent official visit to China.

Anwar said he has communicated to the leading Chinese companies that they prioritise the hiring of qualified Malaysian workers when they come here to operate, noting that Chinese companies operating in the country sometimes bring all their workers from China.

However, Anwar said the government is prepared to quickly approve their applications to bring workers in from China provided they show proof that their effort to hire local workers has failed.

Also proposed to them are in-house training courses in companies such as Proton Holdings Bhd for local workers so that they get priority in the hiring process before opportunities are opened to professionals from China.

In conjunction with Anwar’s recent China visit, Malaysia managed to secure investment commitments worth a potential RM170 billion from the signing of 19 memorandums of understanding between Chinese and Malaysian companies in various sectors, especially in green technology and the digital economy.

China is Malaysia’s largest trading partner since 2009. In 2022, bilateral trade reached RM487.13 billion, an expansion of 15.6 per cent from 2021. 

Source: Bernama