You and your friends are cordially invited to the ‘Outlook For H2 Malaysia Economics’ breakfast talk organised by MCCC Youth Wing. To register for this complimentary talk, please click the link goo.gl/fodJDC or scan the Qr code on the flyer.
Organiser: MCCC Youth Wing Speaker: Mr. Desmond Chong Date: 11 Aug 2018 (Sat) Time: 10am - 12:30pm Venue: MCCC 4th floor hall
In addition to abundance of business opportunities, Guangdong is also a good place to enjoy food, shopping and traveling. With the support of Tourism Administration Of Guangdong Province, Malaysia-China Chamber of Commerce (MCCC) has been formally appointed as Promotion Center of Guangdong Tourism since October 2014. In 2016 and 2017, MCCC continues to be entrusted to carry out promotional activities in Malaysia.
Through the various channels, including travel agencies recommended by MCCC and its 9 branches, MCCC has attracted many tourists to visit Guangdong. For businesses or individuals that are interested in traveling to Guangdong, please contact the following travel agencies:
Representative Travel Agency in Each State:
1. Pearl Holiday (M) Travel & Tour Sdn. Bhd. Contact Person : Loo Kok Seong Telephone : +603 8924 9850 Fax : +609 8924 9928 Email : firstname.lastname@example.org Address : No.1, Jalan KP 1/3, Taman Kajang Prima, Off Jalan Semenyih, 43000 Kajang, Selangor, Malaysia.
2. Travelsight(M) Sdn. Bhd. Contact Person : Tai Chin Peow Telephone : +603 2148 8255 Fax : +603 2142 0645 Email : email@example.com Address : Lot 823, 8th Floor, Sun Complex, Jalan Bukit Bintang，55100 Kuala Lumpur,Malaysia.
3. Hello Holidays Sdn. Bhd. Contact Person : Tai Poh Kim Telephone : +603 9222 2228 Fax : +603 9222 2298 Email : firstname.lastname@example.org Address : No.6-4, Jalan Metro Pudu, Fraser Business Park, 55100 Kuala Lumpur,Malaysia.
1. Ka Sin Travel & Tours (M) Sdn. Bhd. Contact Person : Then Yeong Kong Mobile : +6012-612 9500 Telephone : +606-336 9501 / 9502 Fax : +606-335 9500 Email : email@example.com Address : No. 5, Jalan MP3, Taman Merdeka Permai, Batu Berendam, 75350 Melaka, Malaysia.
1. Parlo Tours Sdn. Bhd. Contact Person : Eleen Yee Mobile: +6012 503 8859 Telephone : +605 255 9566 Fax : +605 255 8848 Email : firstname.lastname@example.org Website : www.parlotours.com.my / www.islandgetaways.com.my Address : No.3, Jalan Sultan Abdul Jalil, 30300 Ipoh, Perak Malaysia.
1. Sri America Travel Corp.(J) Sdn. Bhd. Contact Person : Kathryn H.C. Lee Telephone : +6012 720 9595 Telephone : +607-331 1966 Fax : +607-335 2801 Email : email@example.com Address : 67, JalanKuning, Taman Pelangi,80400 Johor Bahru, Johor, Malaysia.
2. Priority Holiday Travel & Tours Sdn Bhd Contact Person : Kelvin Ang Kwee Loy Telephone : +6016-721 1399 Telephone : +607-336 4665 WeChat/WhatsApp ： +6016-774 2297 Fax : +607-335 2368 Email : firstname.lastname@example.org / email@example.com Website : http://www.toptravelcenter.com
1. Hwa Yik Tour & Travel(PG) Sdn. Bhd. Contact Person : Alex Teh Tat Beng Telephone : +6012 466 0990； （中国）+0086 130 2390 1622 Telephone :+604 262 2333 Fax :+604 262 2580 QQ号 ：1846713175 Email :firstname.lastname@example.org
1. Nanhai Holidays Contact Person : Dato’See Meng Geok Mobile : +6017 760 3023 Telephone : +609 631 8818 Fax : +609 622 0116 Email : email@example.com Address : 5032,1st floor, Jalan Sultan Zainal Abidin,20000 Kuala Terengganu.
1. Airworld Travel and Tours Sdn. Bhd. Contact Person : Mr. Jacky Liaw Mobile : +6088-242 996 Fax : +6088-230 998 Email : firstname.lastname@example.org Address : Ground Floor, Lot 11, Block 2, Lorong ApiApi 2, Kota Kinabalu, 88000, Sabah, Malaysia.
2. Borneo Airworld Sdn. Bhd. Contact Person : Mr. Jacky Liaw Telephone : +6088-231899 Fax : +6088-538299 Email : email@example.com Address :1st Floor, Lot 11, Block 2, Lorong ApiApi 2,Kota Kinabalu, 88000, Sabah, Malaysia.
1. Metropolitan Travel Service Sdn. Bhd. Contact Person : Wong Ngee Khih Mobile : +60 168917082 Telephone : +60 84313155 Fax : +60 84345486 Email : firstname.lastname@example.org Address :72-74 Market Road, 96000 Sibu, Sarawak, Malaysia.
1. Jasa Teratai Holidays Sdn. Bhd. Contact Person : Tan Chia Ying Mobile : +6012-949 7088 Email : email@example.com Telephone : +609-766 7998 / 766 7999 / +609-766 7990（direct line） Fax : +609-766 7997 Address : 1st Floor,3089C C, Simpang 4 PasirHor, Jalan Sultan Yahya Petra, 15200 Kota Bharu, Kelantan DarulNaim，Malaysia.
1. Agensi Pelancongan Bintang Rajin Sdn. Bhd. （BRTOUR） Contact Person : Dato’ Lee Yong Wei Mobile : +6012 225 1092 Telephone : +609 514 2922 Fax : +609 514 3922 Email : firstname.lastname@example.org
Malaysia is strategically located in Southeast Asia. It is both an important node country for the “21st Century Maritime Silk Road” and a bridge for ASEAN, the Middle East, West Asia and South Asia to build China’s “Belt and Road”.In recent years, Guizhou has actively participated in the construction of the “Belt and Road”, and the development of big data has become more and more popular. The tourism brand of “Province of Mountain Park·Wind of Colorful Guizhou” has become increasingly loud. The Province of Guizhou was also included in the list of “Places to Go” by the New York Times, making it one of 52 most worthy visiting travel destinations of the world.
Mr.Mu Degui, Member of the Standing Committee of CPC Guizhou Provincial Committee, who is also the Director-General of Publicity Department of CPC Guizhou Provincial Committee, will lead a delegation to visit Malaysia and hold the “E-commerce and Cultural Tourism-A Colorful Guizhou ”Promotion Seminar. The event will be co-organized by Malaysia-China Chamber of Commerce (MCCC).
Time: 2:00pm-2:30pm(Registration & Visit Photo Exhibition of Guizhou)
Venue: Ground Floor, Diamond Ballroom
Mandarin Oriental Kuala Lumpur
* Free admission and light refreshment will be served.
Officers from the Ministry of Tourism Malaysia and the Embassy of China to Malaysia will be among the guests to join the seminar.
You are cordially invited to attend the promotion seminar. Kindly revert to the secretariat of MCCC before 7th July. Should you have any queries, please do not hesitate to contact the Chief Executive Secretary Mdm. Chiew Mui Kheng at 03-9223118 or email to email@example.com.
We are pleased to inform that the third edition of the Belt and Road Summit jointly organised by the Government of the Hong Kong Special Administrative Region and the Hong Kong Trade Development Council will be held on 28 June 2018 in Hong Kong. Under the theme of “Collaborate for Success”, the Summit will be further enhanced with stronger business elements, highlighting the deeper and closer collaboration among businesses along the Belt and Road.
Malaysia-China Chamber of Commerce (MCCC) is the supporting Organisation for the above Summit , the Summit information are as follows:
Topic : Belt and Road Summit 2018：
Date: 28 June 2018
Organiser : the Government of the Hong Kong Special Administrative Region and the Hong Kong Trade Development Council(HKTDC)
Venue : Hong Kong Convention & Exhibition Centre
Registration Fees ：Individual -USD280/- (Promotional Fees)， Original Fees: USD400/- Group Mission (10 participants) : USD405/-， i.e. USD40.50/- per head
Shenzhen Side Trip ： USD 130 per head Please note that MCCC will inform if the Group Mission of 10 participants is formed. The participants will TT payments (inclusive Registration and Shenzhen Side Trip) in USD to MCCC Bank of China account by May 10, 2018, Details As follows: A/C No ：100 000 400 689355 (USD) A/C Name ：Malaysia-China Chamber of Commerce Bank Swift Code : BKCHMYKL Bank Address : Ground Mezzanine, Plaza OSK 25, Jalan Ampang, Hampshire Park 50450 Kuala Lumpur WPKL
Administrative Fees : Member - RM150 (Inclusive of 6%GST,kindly issue the cheque payable to MALAYSIA-CHINA CHAMBER OF COMMERCE before May 10) Non Member - RM300 (Inclusive of 6%GST,kindly issue the cheque payable to MALAYSIA-CHINA CHAMBER OF COMMERCE before May 10)
Own Expenses ：Air Ticket/Hotel Accommodation/Meal/Transportation (Please book the flight and accommodation on your own.)
For those who are Interested to participate, please submit the registration form to MCCC Secretariat before May 10, to facilitate group registration.
If you have further inquiries please contact our Assistant Secretary Mrs. Kam at 03-92231188 or email to firstname.lastname@example.org.
In line with the trend of digital economy, the Malaysian International Inno-Tech Expo (MIIE) will highlight the China's innovative Internet applications and artificial intelligence, bringing the China enterprises to match with the Malaysian enterprises. At the same time, to promote the development of these industries in Malaysia. The MIIE will be held from 23-25 November 2018 at the Kuala Lumpur Convention Center. It mainly provides more exchange platforms and business opportunities for Malaysian and China entrepreneurs to promote the trade and economy between the two countries.
Warmest greetings from the Malaysia-China Chamber of Commerce (MCCC)!
We are pleased to inform that the Global Sources Exhibition will be held from 11-30 April 2018 at the Asia World–Expo, Hong Kong. There are 4 exhibitions: Consumer Electronics, Mobile Electronics, Gifts & Home and Fashion.
Since 2005 opening ceremony, the Global Sources Exhibition has become one of Asia’s leading exhibitions. The exhibition is industry-specialized tradeshows providing global purchasers a direct and professional access to export-ready manufacturers from China and Asia. This is the ideal platform for purchasing quality products.
Number of booths
Global Sources Consumer Electronics
The world's largest electronic products procurement event!
Home, outdoor, auto electronics
with gaming, smart living, components and computer products
Global Sources Mobile Electronics
The world's largest mobile electronics procurement exhibition!
Devices, wearables and accessories
plus AR/VR Pavilion, Summit and Experience Zone
Global Sources Gifts & Home
Certified suppliers from China and Asia, providing an array of innovative popular products.
Creative, innovative products and award-winning design
Gifts, Premiums & Home Products
300 new exhibitors
300 exhibitors (accept small quantity orders)
Global Sources Fashion
Hong Kong's largest fashion show, focusing on manufacturers from China, South Korea, India, Vietnam and other Asian countries.
Convenient exhibition date which fits perfectly with Canton Fair, to facilitate buyers to attend
The Organising Committee provides the following benefits to MCCC:
Three-night free accommodation at Regal Airport Hotel (two pax per room)
*Organising Committee states that buyers must visit the exhibition for 3 consecutive days*
Upgrade to VIP buyers
Free shuttle to and fro exhibition hall and hotel
Free HK $ 100 Octopus Card
VIP services: wireless Internet access, refreshments and etc
meal and shopping discount vouchers
Activities and business matching during the exhibition
Flight ticket is not included. The application is subject to the approval of the organising committee. No changes could be made after the approval. The decision of the organising committee is final. Should the organising committee reject the application, the cheque will be returned.
For those who are interested, please fill in the attached registration form before 3rd March 2018 and return it to the Vice Executive Secretary, Ms Jasmine Leong, via email or fax. In addition, please also bank in a RM150 cheque (non-member RM300) for administrative expenses. The cheque must be made payable to the ‘Malaysia-China Chamber of Commerce’ (Public Bank: 3068 98 1822). Should you require further details, please do not hesitate to contact our Secretariat at 03-9223 1188, email: email@example.com, or fax: 03-9222 1548.
From Feb. 13th (28th of the 12th lunar month) to Mar. 2nd (15th of the 1st lunar month), a whole host of Spring Festival celebrations will be going on around the city, including flower markets, light shows, lantern shows, garden expos and a temple fair. We have picked out some of the best of the celebrations for you to enjoy a fun and flower packed Chinese New Year in Guangzhou!
Traditional flower markets
Flower market [Photo by He Yineng]
Traditional flower markets will be set up across 11 districts in Guangzhou, featuring stalls selling flowers and plants to decorate your home, holding social welfare activities and even including special themed post offices for sending Chinese New Year greetings to friends and family far away. On the first day of the flower fairs, Spring Festival couplets and the character 福 (pronounced fú and meaning ‘blessing') written by calligraphers will be given away for free.
Time: Feb. 13th - 16th, 2018
No admission fees.
The 23rd Guangzhou Garden Expo [Photo provided to Newsgd.com]
Highlight: Guangzhou Garden Expo is another of the most important events in the Spring Festival calendar in Guangzhou and has been held for 23 years. This year’s expo covers an area of 360,000 square meters, consisting of 61 gardens, 19 sets of public landscapes, and indoor exhibition halls.
2018 Yuntai Garden Floral Art Exhibition
Time: Feb. 9th - Mar. 20th, 2018
Admission: RMB 5 per ticket for Baiyun Mountain, RMB 10 per ticket for Yuntai Garden
Highlight: In addition to the various flowers at Yuntai Garden, a total of 12 special mosaicultures of Lingnan characteristics and 3 lantern installations will be set up, making the garden a unique place for residents and tourists alike to admire the beauty of flowers.
The parade of the 2017 Yuexiu Temple Fair [Photo/Xinhua]
Highlight: A series of activities for the temple fair will kick off on the the fifteenth day of the first month of lunar year which is also the Lantern Festival. Some of the highlights of the fair are the folklore and cultural performances, a parade, a cultural heritage exhibition, handicrafts and food stalls.
Time: Mar. 2nd - 8th, 2018
Add.: Zhongshan Road & Beijing Road (中山路、北京路)
Nearby metro station: Peasant Movement Institute (农讲所), Line 1; or Gongyuanqian (公元前), Line 1 or 2
We are pleased to inform that the above Expo will be held at Sports Center of Huai’an City, China from 19-21 April 2018.
The first Huai'an food fair is hosted by China Chamber of International Trade (CCOIC), China National Food Industry Association (CNFIA), China Food and Packaging Machinery Industry Association (CFPMA), and China Cuisine Association (CCA). It is organised by CCOIC Department of Exhibitions, Department of Commerce of Jiangsu Province, Jiangsu Food and Drug Administration, China Council for the Promotion of International Trade (CCPIT), Jiangsu Sub-Council, and Huai'an Municipal People's Government.
This Expo is approved by CCPIT and the only international food fair approved by the Jiangsu Provincial People’s Government. This Expo showcases up to 20,000 square meters of exhibition space. The exhibits range from 5 categories including snack, beverage, green food, food and packaging machinery, and food service. There will be summits, food competitions and etc.
In addition, the organising committee will provide the following services for exhibitors:
official website, microblog, journal, and press conference
free shuttle between hotel and exhibition area, to and fro Nanjing airport, Huai’an airport, Nanjing railway station, Xuzhou railway station
meals at designated hotels
will be based on exhibitors, exhibition area and time
Three-side hoarding (3mx3mx2.5m), 1 table, 2 chairs, 2 spotlights (40w), 1 power outlet (220V/5A), and 1 lintel board
We are pleased to attach the brochure ( https://goo.gl/Nx7omT ) and registration form ( https://goo.gl/H3a2Bc ). If you are interested, please fill in the registration form and submit it to MCCC’s Secretariat at firstname.lastname@example.org. Should you have any enquiry, please do not hesitate to contact our event organizing team.
Cenderahati: Tan Yew Sing, Presiden MCCC (kelima dari kiri) menyampaikan cenderahati kepada YB Ignatius Darell Leiking, Menteri MITI.
1 OGOS 2018
KUALA LUMPUR: Kementerian Perdagangan Antarabangsa dan Industri Malaysia (MITI), yang berdedikasi untuk menjadikan Malaysia sebagai destinasi pelaburan pilihan antarabangsa dan negara perdagangan yang paling kompetitif, akan bekerjasama sepenuhnya dan mengambil bahagian dalam lawatan Malaysia ke China pada pertengahan bulan Ogos.
Lawatan rasmi ke China yang diketuai oleh Perdana Menteri Malaysia, Tun Dr Mahathir, akan mengadakan pertukaran diplomatik dalam bentuk lawatan negara, dan meneroka lagi pelaburan bersama, pertukaran ekonomi dan perdagangan di antara Malaysia dan China serta projek infrastruktur utama domestik.
Menteri Perdagangan Antarabangsa dan Industri Malaysia, YB Ignatius Darell Leiking, membuat kenyataan di atas apabila beliau dilawati oleh Dewan Perdagangan Malaysia-China (MCCC).
YB Ignatius menegaskan bahawa pemikiran diplomatik Perdana Menteri yang memberi tumpuan kepada keseimbangan diplomatik dan kepentingan rakyat adalah sangat jelas.
"China adalah rakan kongsi yang paling sesuai di Malaysia dan kita perlu berunding dengan China mengenai pelbagai isu yang dicadangkan bagi merundingkan dan melaksanakan kerjasama dan perjanjian antara kedua-dua negara," kata YB Ignatius.
YB Ignatius menantikan konsep dan prospek "membina hubungan antarabangsa yang baru dengan kerjasama dan menang-menang" yang dicadangkan oleh Presiden China, Xi Jinping, dan sangat berminat dengan Ekspo Import Antarabangsa China (CIIE) yang diadakan di China sejak tahun 2018.
YB Ignatius mendedahkan bahawa delegasi yang diketuai olehnya merancang untuk bertemu dengan banyak organisasi dan wakil institusi China untuk mendapatkan lebih banyak pertukaran ekonomi dan perdagangan antara kedua-dua negara.
Di samping itu, YB Ignatius juga bersetuju bahawa MCCC telah lama menyumbang kepada hubungan antara kedua-dua negara. YB menjanjikan untuk mengundang MCCC jika kementerian itu menganjurkan sebarang lawatan ke China.
YB Ignatius memuji keupayaan MCCC untuk menerima 150 hingga 200 delegasi Cina setiap tahun. Beliau juga berjanji bahawa beliau akan mempertimbangkan untuk melawat ibu pejabat MCCC untuk menyatakan sokongannya kepada MCCC.
SOUVENIR: Tan Yew Sing, President of MCCC (fifth from left) presents a souvenir to YB Ignatius Darell Leiking, Minister of MITI.
1 August 2018
Kuala Lumpur: The Ministry of International Trade and Industry (MITI), which is dedicated to building Malaysia as the international preferred investment destination and the most competitive trading country, will fully co-operate and participate in Malaysia’s visit to China in mid-August.
An official visit to China led by the Malaysian Prime Minister, Tun Dr Mahathir, will conduct diplomatic exchanges in the form of state visit, and further explore the future mutual investment, economic and trade exchanges between Malaysia and China and domestic major infrastructure projects.
The Malaysia's new Minister of International Trade and Industry, YB Ignatius Darell Leiking, made the above statement when he was paid a courtesy visit by the Malaysia-China Chamber of Commerce (MCCC).
YB Ignatius pointed out that our prime minister’s diplomatic thinking and international outlook focused on diplomatic balance and the interests of the people are very clear.
"China is an ideal partner of Malaysia and we need to pragmatically negotiate with China on various proposed issues in order to negotiate and implement co-operation and agreements between the two countries," YB Ignatius said.
YB Ignatius is looking forward to the concept and prospect of "building a new type of international relations with co-operation and win-win" proposed by Chinese President, Xi Jinping, and is deeply interested in the China International Import Expo (CIIE) held in China since 2018.
YB Ignatius revealed that the delegation of the Ministry of Trade and Industry led by him plans to meet many Chinese institutional units and representatives to seek more in-depth economic and trade exchanges between the two countries.
In addition, YB Ignatius also agreed that the MCCC has long been contributing to the relationship between the two countries. YB promised to invite MCCC if the ministry is organising any visit to China.
YB Ignatius highly affirmed the ability of the MCCC to receive 150 to 200 Chinese delegations each year. He also promised that he would seriously consider visiting the headquarters of the MCCC in person to express his support to the chamber.
Terengganu: The President of the Malaysia-China Chamber of Commerce (MCCC) Terengganu branch, Dato' See Meng Geok suggested that the first task of the new government should be to review the East Coast Rail Link (ECRL), which costs RM55 billion and is under construction by the China Communications Construction (CCCC).
Dato’ See said that the MCCC was appointed to submit a report on the ECRL project to the Council of Eminent Persons (CEP). The President of the MCCC, Tan Yew Sing, is confident that the Chinese capital will return to Malaysia.
"I believe that the Prime Minister Tun Dr Mahathir Mohamad is very clear that China's capital and investment are very beneficial to Malaysia and it is impossible to oppose Chinese investment,” Dato’ See said.
She pointed out that Malaysia should learn from China by emphasising the geographical and cultural advantages of each region, including civil strengths and the Internet when entering the local emerging industries.
“For example, Central China emphasises on manufacturing, Northeastern China area emphasises on heavy industry, Western China emphasises on big data and health products. On the other hand, ethnic minority areas emphasise on green products, and in the vicinity of Yunnan, they promote cultural tourism. They strategically divide the area," Dato’ See said this in the 2018 General Assembly yesterday.
She pointed out that Malaysia is a small country, but is rich in natural resources and has a cultural industry with three major ethnic characteristics.
“The new government can imitate China. For example, Malaysia is well-known in China after the co-operation on Malaysia-China Kuantan Industrial Park Sdn Bhd (MCKIP). Malacca has Melaka Gateway and historical sites, Ipoh has white coffee and biscuits, and Terengganu also has local Chinese culture and Redang Island," Dato’ See said.
In addition, she said, the Belt and Road can have an impact on the smooth development of the Malaysian economy, but many local entrepreneurs or SMEs do not understand.
“Although China is Malaysia’s largest trading partner, only the large enterprises benefit from the ‘Belt and Road’ Initiative. Unfortunately, many SMEs and business owners have not been able to catch the Belt and Road train because they do not understand,” Dato’ See added.
The resolutions of Terengganu branch are as follows:
Support the ‘Belt and Road’ Initiative and call on the government to attract investment while paying more attention to the competitiveness and future development of local enterprises, encouraging foreign investors to purchase goods and services from local suppliers or hiring a specific percentage of local employees.
Call on the government to strengthen its economic vitality and take necessary measures to deal with the impact of the sharp devaluation of the Malaysian currency on the national economy and people.
Call on the government to review the development project of China's railway projects as soon as possible. It is necessary to build the East Coast Rail Link (ECRL). Terengganu has great potential for development. With railways, it can solve the problems of freight transportation and also attract tourists to improve tourism and strengthen the state’s economic development.
Token of appreciation: Kerk Loong Sing, Vice President of MCCC (third from left) is giving the token of appreciation to Alan Tan, Chief Economist of Affin Hwang Investment Bank. Witnessed by (R-L) Thay Peng Hong, Treasurer of MCCC, Kevin Siah, Secretary-General of MCCC, Soong Wing Hong, English Speaking Committee Chairman and Hew Kit Kong, Deputy Secretary-General of MCCC.
KUALA LUMPUR: The ringgit is expected to strengthen to about 3.80 against the US dollar in the fourth quarter this year, which is seven per cent stronger than its current level.
Affin Hwang Investment Bank Bhd head of research and chief economist Alan Tan Chew Leong said this would be fuelled by stronger commodity prices and normalisation of monetary policy in the second-half.
“We think the economic fundamentals will support the ringgit towards the end of 2018. While we think the currency will remain volatile in the short term, it will strengthen in the fourth quarter and rise towards the 3.80 level by end of this year,” Tan said at the business outlook post 14th general election talk organised by Affin Bank SME & Commercial Business in collaboration with Malaysia-China Chamber of Commerce on Saturday.
He added that Bank Negara Malaysia’s measures to stabilise the ringgit such as the conversion of 75 per cent of export proceeds held in a foreign currency into the local unit would help boost the currency’s value as well as fund flows into the country.
Affin Hwang’s 3.80 was similar to Prime Minister Tun Dr Mahathir Mohamad’s fair value assessment of the local unit, and the same as the peg he had set in 1998 during the Asian financial crisis.
At 6pm on Friday, the ringgit stood at 4.0600/0630 against the dollar from 4.0620/0650 on Thursday.
Affin Hwang also expects Malaysia’s fiscal deficit to narrow to between 2.8 per cent and 3.0 per cent of gross domestic product (GDP) this year from 3.0 per cent projected in 2017.
Tan said this would be supported by higher oil prices of around US$70 per barrel this year than US$52 previously.
On this year's inflation rate, Tan said it would strengthen to between 2.5 per cent and 3.0 per cent, compared to the official forecast of 2.0 per cent to 3.0 per cent.
Affin Hwang is more modest on the country’s GDP than Bank Negara Malaysia’s 5.5 per cent to 6.0 per cent forecast.
“We are projecting the real GDP growth of Malaysia at 5.3 per cent this year, compared to the official forecast of 5.5 per cent to 5.6 per cent (5.9 per cent in 2017).
“The risk is at an unexpected slowdown in the external environment,” Tan said, referring to the US-China trade war.
He, however, said it did not expect the US-China trade war to reach the full blown level, as both countries realised it would only hurt the global economy, which could trigger a catastrophic global economic downturn.
“I believe no one wants to see it happen,” he said, adding that the current situation shows the market is not giving a very negative reaction to the issue.
He expects the situation to be more of the tactical ploy by US President Donald Trump.
“But if it's out of control, it's possible to trigger the impact of 'full blown' and it will affect other world economies and Malaysia relies on external trade,” he added.
On the new government's economic approach, he said: “The new government understands why people vote for change. It understand the issues that the people are concerned about.”
He added that the fiscal reform initiative was in progress.
KUALA LUMPUR: Tourism traffic between Malaysia and China is expected to receive a boost with talks being planned with airlines to operate direct flights between Kuala Lumpur to Guiyang, the capital of Guizhou province, says Deputy Tourism, Arts and Culture Minister Muhammad Bakhtiar Wan Chik.
He said the ministry planned to discuss a direct flight route between Kuala Lumpur and Guiyang with local and international airlines.
“We will talk to airlines such as China Southern Airlines, AirAsia and Malindo.
“Right now, there are no direct flights,” Muhammad Bakhtiar said after delivering a keynote speech at the A Colourful Guizhou promotion conference here yesterday.
He said the ministry hoped to tap into Guizhou’s 43 million-strong population for potential tourists to Malaysia with direct flights between the two cities.
He also said the Government was trying to make it more convenient for Chinese tourists to get visas into the country.
Guizhou Provincial Committee director-general (Publicity Department) Mu Dugui, who also attended the event, said he hoped a direct flight route would be opened between the two cities so that tourism activities between China and Malaysia could be increased.
“We have a good transport system which helps connect the province to the outside world and with more air connectivity, we can increase our promotion of Guizhou,” he said.
Mu said currently, there were direct flights from Guizhou to three other South-East Asian cities, including Chiang Mai in Thailand.
He added that while Guizhou was a lesser-known destination among Malaysians compared to other Chinese cities, he hoped that more promotion and a direct flight route could increase the province’s visibility among Malaysian tourists.
The conference was jointly organised by the Guizhou Provincial Committee and Malaysia-China Chamber of Commerce.
Newly appointed Primary Industries Minister Teresa Kok Suh Sim (picture) urged Malaysian exporters and producers to seize the opportunities arising from the trade war between China and the US.
China had called for retaliatory tariffs targeting US exports such as soybeans and cars in response to US President Donald Trump’s 25% proposed tariff on 1,300 industrial, transport and medical groups.
“The trade war between the US and China has presented Malaysian exporters with the opportunity to offer products to the Chinese markets. And with China’s move to place tariffs on US soybean oil, it might be good for Malaysian palm oil producers,” Kok said.
She said since palm oil is a big revenue earner for the country, Malaysia must work hard to meet the possible increase in demand for agri-commodity products.
Malaysia and China have a strong trade relation in agri-commodity. In 2017, it was valued at RM23.63 billion.
Last year, the total value of Malaysia’s agri-commodity and agri-commodity-based products exported to China stood at RM19.1 billion, an increase of 27% compared to RM15 billion recorded in 2016.
“The commodity export was mainly contributed by palm products valued at RM9.42 billion, followed by rubber and rubber products at RM8.09 billion. In 2017, China was the third-biggest buyer of Malaysian palm oil and palm oil-related products.
“Last year, the country imported 1.92 million tonnes of palm oil from Malaysia. India imported 2.03 million tonnes and the European Union (EU) imported 1.99 million tonnes,” she said in her speech during the launch of the 8th Malaysia-China Entrepreneur Conference (MCEC 2018) in Kuala Lumpur yesterday.
In addition, the presence of e-commerce giant Alibaba Group Holding Ltd would create more trade opportunities which will add onto the bilateral trade and cooperation between the two countries.
With regard to the export of rubber and rubber products to China, Kok said China has overtaken the US and EU to become the top export destination for Malaysia.
“Our rubber export to China rose 80% to RM6.6 billion, or 875,000 tonnes, last year,” she said.
The MCEC 2018, an effort by the Malaysia-China Chamber of Commerce (MCCC), aims to further promote and strengthen existing bilateral trade and ties between Malaysia and China.
MCCC president Tan Yew Sing said the conference aims to attract 400 Malaysian and Chinese entrepreneurs.
“The conference will also provide a business match session for the entrepreneurs. We hope the conference will provide a platform for both Malaysian and Chinese enterprises to collaborate — particularly those in Nanjing, Jiangsu,” he said.
Souvenir: President of MCCC, Tan Yew Sing (second from left) presents a souvenir to the Minister of Finance, YB Tuan Lim Guan Eng (centre).
27 June 2018
KUALA LUMPUR: The Minister of Finance, YB Tuan Lim Guan Eng, stated that it is on a case-by-case basis whether associations can enjoy tax exemption for donation. The Minister said associations can still request for a tax exemption and the Ministry shall make the final decision.
The Minister of Finance of Malaysia, YB Tuan Lim Guan Eng, made the above statement when the leaders of Malaysia-China Chamber of Commerce (MCCC) paid the Minister a courtesy visit.
In order to cater for the financial needs of local non-profit and non-governmental organisations, the MCCC proposed to offer tax exemptions to all associations when visiting the Ministry of Finance.
“We believe that all donations that help promote the civil society movement should be tax-free,” Tan Yew Sing, President of MCC said.
In order to respond to the call of the Malaysian government to gather constructive opinions from the civil society and community, the leaders of MCCC personally paid a courtesy visit to the newly appointed Minister of Finance, YB Tuan Lim Guan Eng, to present a proposal to him on the issues of economy, finance, taxation, people’s livelihood, foreign investment projects, emerging industries, and small and medium-sized enterprises (SMEs).
The MCCC sincerely thanked the Minister of Finance for listening to public opinion. It will fully support the Ministry of Finance to implement the promise made by the government to revive the economy.
“The MCCC consists of multi-ethnic members of SMEs. It is always concerned with the development of the country, especially the financing for SMEs. We believe that for local SMEs and start-up companies, Micro Credit is more effective in helping them to start, expand and transform. Therefore, we hope that the Ministry of Finance will provide more market freedom to allow more legitimate SMEs to obtain the loan," Tan said.
YB Tuan Lim Guan Eng also expressed that he places great importance on the operation, financing and environment of local SMEs.
“We have established financial institutions such as the SME Bank to provide micro-loan services. However, after I met Jack Ma, I learned that China has developed an advanced mode of “310 Internet Commercial Loans” (i.e., a three-minute application without human intervention).
This innovation and effort are worth thinking and implement in our country. In this era, 'small is beautiful, small is strong', the government will pay more attention to and assist SMEs in all aspects including the development of small and medium-sized projects.
To enhance the competitiveness of the telecommunications industry and the efficiency of product services, YB Tuan Lim said that the government is expected to complete half of the target of "double speed, half price" as soon as this year end.
YB Tuan Lim believed that by entering the 'Internet+' and the Industry 4.0 era, we will not be confined to the 'Malaysia Manufacturing' or 'Made in China' production model. It will be 'Made in Internet‘ that transcends national and regional manufacturing and production patterns. In order to keep up with the wave of the new industrial revolution, Malaysia certainly needs more competitive speed and the telecommunications operators must drive this movement.
In terms of people's livelihood, YB Tuan Lim reiterated that the benefits of the Sales and Services Tax (SST) to be implemented in September.
“SST is a single tax system that only targets specific finished product manufacturers and specific service industries and will not increase inflation. Last year, the government’s GST revenue was RM 44 billion, but the cost was passed to the people and burdened them. This year, Even if the SST is implemented, the government estimates that only half of the income will be obtained, and the other half (about RM22 billion) will be returned to the market and the people. Of course, we will use different welfare systems to confirm that the individuals or families under the poverty line really benefit,” YB Tuan Lim said.
Souvenir: President of MCCC, Tan Yew Sing (second from right) presents a souvenir that incorporates three major ethnic cultures in Malaysia to the Ambassador, H.E. Bai Tian (center).
14 June 2018
Kuala Lumpur: The Ambassador Extraordinary and Plenipotentiary of the People's Republic of China to Malaysia, H.E. Bai Tian, disclosed that the China Construction Bank (Malaysia) Berhad recently purchased RM200million Malaysian Islamic Bond to support our new government.
The Ambassador said that the Chinese government places importance on the relations between Malaysia and China. When the new government tries to solve the debt problem, the purchase of government bonds is a support for Malaysia.
The Ambassador expressed the above remarks when he met the delegation led by the President of Malaysia-China Chamber of Commerce (MCCC), Tan Yew Sing last Friday. Tan briefed the Ambassador on the major activities and plans of MCCC. Both sides also exchanged views on the recent challenges and development trends of the economic and trade co-operation between Malaysia and China.
The Ambassador pointed out that the Chinese government has three prerequisites for Chinese-funded enterprises when they invest overseas: to abide by the relevant laws and regulations of Malaysia and China, comply with internationally accepted commercial guidelines and the contract, and adhere to the principle of equality, mutual benefit, and win-win co-operation.
The Ambassador said frankly that the Chinese government opposes any company's improper behaviour. If the Malaysian government needs the assistance of the embassy, he will be happy to co-operate.
Bai stressed that the negative rumours brought by the recent 1Malaysia Development Berhad (1MDB) project to the Chinese companies were only one or two cases. The views of the parties concerned on the pragmatic cooperation between Malaysia and China should not be blinded.
Speaking about the East Coast Rail Link (ECRL) Project, Tan said that it is understandable the new government needs to review the rationality of this project. However, this does not mean that Malaysia is against China. The governments of both sides should negotiate it at the "nation-to-nation" level based on long-standing friendly relations. In order to achieve a win-win situation, it is indeed necessary to review the project pricing, construction time, project scale and even the construction methods.
The Ambassador pointed out that there are more than 100 state-owned and private enterprises that are currently investing or operating in Malaysia. These Chinese enterprises hire more than 70% employees on average, and the ratio of local employees in many companies is as high as 80% or even 90%. All of these are to achieve better technology transfer in the co-operation between the two countries and lay a solid foundation for Malaysia's industrial upgrading. There are also some Chinese-funded enterprises that have sent local Malay employees to Chinese corporate headquarters or higher education institutions or vocational colleges for vocational training. In order to cater to the needs of Malay technical workers attending the training in China, the Chinese companies provided them with facilities such as a halal cafeteria and prayer room.
Tan stressed that in order to promote the skills of our country’s manpower and link with China’s advanced industries as soon as possible, it is necessary for Malaysia and China to start from the vocational education co-operation in order to cultivate a new generation of high-quality skilled workers who are familiar with the economic conditions and technologies of the two countries. Malaysia, which is booming, is in great need of China’s technology, R&D resources and capital assistance. Both sides urge the Chinese companies to continue to invest in Malaysia and co-operate with the local business community for a win-win situation.
The Ambassador pointed out that the data of a large number of local employees hired by the Chinese enterprises will eventually scotch the rumours about china threat.
Bai added that certain areas required the employees from China because of the lack of local employees with relevant skills. It is hard to find local technical staff at this stage for specific types of Chinese-funded jobs. For example, TRX Exchange 106 has a full floor completed in every three days. At the top of the building, they are doing two-day cycles on the concrete floor slabs. In addition to proper planning, these achievements and engineering efficiencies must be backed up by skilled technical work.
At present, in line with the Belt and Road Initiative (BRI), China has launched 13 international scholarships. There are more than 20 provincial and municipal government scholarships and 20,000 Belt and Road scholarship for overseas students including Malaysia to cultivate China’s soft power. Their target is to have 500,000 international students in 2020. According to statistics, there are more than 8,000 Malaysian students studying in China and more than 15,000 Chinese students studying in Malaysia.
The Ambassador places great importance on the economic and trade relations between Malaysia and China. He elucidates the economic and industrial contribution of Chinese enterprises to Malaysia.
"Like China's first-tier manufacturing companies, Jinko Solar and JA Solar Holdings, assisted Malaysia to become an important international producer of solar energy. The CRRC Corporation Limited (CRRC) has a manufacturing plant in Batu Gajah and this has also made Malaysia the most advanced rail transit vehicle manufacturer in ASEAN," Bai explained.
Recalling that in 2017, the bilateral trade volume between Malaysia and China reached USD96billion, and China has become Malaysia’s largest trading partner for nine consecutive years.
“Last year, the trade volume has not yet recovered to more than USD100billion but the first quarter of this year has an increase of 15.6%. We have begun to see a good momentum of growth. We are confident that this year's bilateral trade volume will exceed USD100billion," Bai said.
Last year, the volume of export from Malaysia to China amounted to USD54billion, accounting for one fourth of Malaysia’s total USD200billion in export. Last year, China was also the largest source of foreign direct investment in Malaysian manufacturing sector.
Ambassador Bai: Fresh Durian to be exported to China
The Ambassador revealed that he had recently met the new Minister of Agriculture and Agro-based Industry, YB Salahuddin Ayub. They talked about exporting fresh durian to China (currently only export frozen flesh).
"After I took office, I started to promote the export of Malaysia durian to China. There have been major positive developments in this work recently. I believe there will be good news soon," Bai believed.
Earlier, Thailand's Golden Pillow Durian was sold on the Tmall's “Taste of Thailand” page. It sold more than 80,000 orders in the first minute, causing a stir. The Ambassador felt that the durians from Malaysia were more delicious, especially the Musang King Durian. They are very popular in the Chinese market and there will be a bigger market in the future.
Finally, the Ambassador Bai highly affirmed the significant contribution made by the MCCC in promoting the friendship, economic and trade relations between the two countries, and in particular the annual event of MCCC—Malaysia-China Entrepreneur Conference (MCEC). The Ambassador also praised MCCC for publishing the “Malaysia-China Trade and Investment Guide 2017”, organising the “Invest in China” and “Invest in Malaysia” workshops and bringing local entrepreneurs to China to participate in large-scale expos.
The other leaders of the MCCC who participated in this visit were the First Vice President, Loo Kok Seong, Vice President, Kerk Loong Sing, and Secretary-General, Kevin Siah.
Cenderamata: Presiden MCCC, Tan Yew Sing (kedua dari kanan) menyampaikan cenderahati yang menggabungkan tiga budaya etnik utama di Malaysia kepada Duta Besar, Tuan Yang Terutama Bai Tian (tengah).
14 Jun 2018
Kuala Lumpur: Duta Besar Luar Biasa dan Mutlak Republik Rakyat China ke Malaysia, Tuan Yang Terutama Bai Tian, mendedahkan bahawa China Construction Bank (Malaysia) Berhad baru-baru ini membeli Bon Islam Malaysia bernilai RM200juta untuk menyokong kerajaan baru kami.
Duta Besar itu berkata bahawa kerajaan China meletakkan kepentingan dalam hubungan antara Malaysia dan China. Apabila kerajaan baru cuba menyelesaikan masalah hutang, pembelian bon kerajaan adalah sokongan untuk Malaysia.
Duta Besar menyatakan ucapan di atas apabila beliau bertemu dengan delegasi yang dipimpin oleh Dewan Perdagangan Malaysia-China (MCCC), Tan Yew Sing pada Jumaat lepas. Tan memberitahu Duta Besar mengenai aktiviti dan rancangan utama MCCC. Kedua-dua pihak juga bertukar pandangan tentang cabaran dan trend pembangunan baru-baru ini mengenai kerjasama ekonomi dan perdagangan antara Malaysia dan China.
Duta Besar itu menegaskan bahawa kerajaan China mempunyai tiga prasyarat untuk perusahaan China ketika mereka melabur di luar negara: mematuhi undang-undang dan peraturan Malaysia dan China yang relevan, mematuhi garis panduan komersial antarabangsa dan kontrak dan mematuhi prinsip kesamaan, faedah bersama, dan kerjasama menang-menang.
Duta Besar itu berkata dengan jujurnya bahawa kerajaan China menentang sebarang tingkah laku tidak wajar syarikat China. Jika kerajaan Malaysia memerlukan bantuan kedutaan, beliau akan dengan senang hati bekerjasama.
Bai menegaskan bahawa khabar angin negatif yang dibawa oleh projek 1Malaysia Development Berhad (1MDB) baru-baru ini kepada syarikat-syarikat China hanya satu atau dua kes. Pandangan dari pihak-pihak yang berkenaan tentang kerjasama pragmatik antara Malaysia dan China tidak boleh dibutakan.
Bercakap mengenai Projek Landasan Keretapi Pantai Timur (ECRL), Tan berkata bahawa kerajaan baru mengkaji semula rasionaliti projek ini boleh difahami. Bagaimanapun, ini tidak bermakna Malaysia menentang China. Kerajaan kedua-dua pihak harus berunding di peringkat "negara-ke-negara" berdasarkan hubungan persahabatan yang lama. Untuk mencapai situasi menang-menang, sememangnya perlu untuk mengkaji semula harga projek, masa pembinaan, skala projek dan juga kaedah pembinaan.
Duta Besar itu berkata terdapat lebih daripada 100 perusahaan milik negara dan swasta dari China yang kini melabur atau beroperasi di Malaysia. Syarikat-syarikat China ini menggaji pekerja lebih dari 70% secara purata, dan nisbah pekerja tempatan di banyak syarikat China adalah sebanyak 80% atau 90%. Semua ini adalah untuk mencapai pemindahan teknologi yang lebih baik dalam kerjasama antara kedua-dua negara dan meletakkan asas kukuh bagi peningkatan industri Malaysia. Terdapat juga beberapa syarikat yang dibiayai oleh China yang menghantar pekerja Melayu tempatan ke ibu pejabat korporat Cina atau institusi pengajian tinggi atau kolej vokasional untuk latihan vokasional. Dalam usaha untuk memenuhi keperluan pekerja teknikal Melayu yang menghadiri latihan di China, syarikat-syarikat Cina memberi mereka kemudahan seperti kafeteria halal dan ruang doa.
Tan menegaskan bahawa untuk mempromosikan kemahiran tenaga kerja negara kita dan menghubungkan dengan industri maju China dengan secepat mungkin, Malaysia dan China perlu bermula dari kerjasama pendidikan vokasional untuk memupuk generasi baru yang bertaraf tinggi, pekerja mahir berkualiti yang akrab dengan keadaan ekonomi dan teknologi kedua-dua negara. Malaysia, yang sedang berkembang pesat, sangat memerlukan teknologi, sumber R&D dan bantuan modal China. Kedua-dua pihak menggesa syarikat-syarikat China untuk terus melabur di negara ini dan bekerjasama dengan komuniti perniagaan tempatan untuk situasi menang-menang.
Duta Besar itu menegaskan bahawa data menunjukkan bahawa sejumlah besar pekerja tempatan yang diupah oleh perusahaan China mungkin akan menghentikan khabar angin tentang ancaman China.
Bai menambah bahawa kawasan tertentu memerlukan pekerja dari China kerana kekurangan pekerja tempatan dengan kemahiran yang berkaitan. Sukar untuk mencari kakitangan teknikal tempatan pada peringkat ini untuk jenis pekerjaan yang dibiayai oleh China. Contohnya, TRX Exchange 106 mempunyai tingkat penuh yang disiapkan setiap tiga hari. Di bahagian atas bangunan, mereka melakukan kitaran dua hari di atas papak lantai konkrit. Di samping perancangan yang betul, pencapaian dan kecekapan kejuruteraan ini harus disokong oleh kerja teknikal yang mahir.
Kini, sejajar dengan Inisiatif Sabuk dan Jalan (Belt and Road Initiative), China telah melancarkan 13 biasiswa antarabangsa, lebih daripada 20 biasiswa kerajaan wilayah dan perbandaran dan 20,000 Biasiswa Sabuk dan Jalan (Belt and Road) untuk pelajar luar negara termasuk Malaysia untuk memupuk kuasa lembut China. Sasaran mereka adalah untuk mempunyai 500,000 pelajar antarabangsa pada 2020. Menurut statistik, terdapat lebih daripada 8,000 pelajar Malaysia yang belajar di China dan lebih daripada 15,000 pelajar Cina belajar di Malaysia.
Duta Besar amat mementingkan hubungan ekonomi dan perdagangan antara Malaysia dan China dan juga menjelaskan sumbangan ekonomi dan industri perusahaan China ke Malaysia.
"Seperti syarikat perkilangan peringkat pertama China, Jinko Solar dan JA Solar Holdings, membantu Malaysia untuk menjadi pengeluar tenaga solar penting antarabangsa. CRRC Corporation Limited (CRRC) mempunyai kilang pembuatan di Batu Gajah dan ini juga menjadikan Malaysia pengeluar kenderaan transit kereta yang paling maju di ASEAN," kata Bai.
Mengimbas kembali kepada 2017, jumlah dagangan dua hala antara Malaysia dan China mencapai USD96billion, dan China telah menjadi rakan dagangan terbesar Malaysia selama sembilan tahun berturut-turut.
"Tahun lepas, jumlah dagangan belum pulih kepada lebih daripada USD100billion tetapi suku pertama tahun ini meningkat sebanyak 15.6%. Kami telah mula melihat momentum pertumbuhan yang baik. Kami yakin jumlah perdagangan bilateral tahun ini akan melebihi USD100billion, "kata Bai.
Tahun lepas, jumlah eksport dari Malaysia ke China berjumlah USD54billion, menyumbangkan satu perempat daripada eksport bernilai USD200bilion di Malaysia. Tahun lepas, China juga merupakan sumber pelaburan langsung asing terbesar dalam sektor pembuatan Malaysia.
Duta Besar Bai: Durian Segar dieksport ke China
Duta Besar mendedahkan bahawa beliau baru-baru ini bertemu dengan Menteri Pertanian dan Industri Asas Tani baharu, YB Salahuddin Ayub. Mereka bercakap tentang mengeksport durian segar ke China (kini hanya mengeksport isi beku).
"Selepas saya mengambil jawatan, saya mula mempromosikan eksport durian segar dari Malaysia ke China. Terdapat perkembangan positif dalam kerja ini baru-baru ini, saya percaya akan ada khabar baik tidak lama lagi," Bai percaya.
Terdahulu, Durian Bantal Emas dari Thailand telah dijual di laman Tmall "Rasa Daripada Thailand". Ia menjual lebih daripada 80,000 pesanan pada minit pertama, menyebabkan kekecohan. Duta Besar mengatakan bahawa durian di Malaysia lebih lazat, terutama Durian Musang King atau Raja Kunyit. Mereka sangat popular di pasaran China dan akan ada pasaran yang lebih besar pada masa depan.
Akhirnya, Duta Besar Bai mengesahkan sumbangan penting yang dibuat oleh MCCC dalam mempromosikan hubungan persahabatan, ekonomi dan perdagangan antara kedua-dua negara, dan khususnya acara tahunan MCCC, Malaysia-China Entrepreneur Conference (MCEC). Duta Besar juga memuji MCCC kerana menerbitkan "Panduan Perdagangan dan Pelaburan Malaysia-China 2017", menganjurkan bengkel "Melabur di China" dan "Melabur di Malaysia" dan membawa usahawan tempatan ke China untuk mengambil bahagian dalam ekspo yang besar.
Para pemimpin MCCC yang turut serta dalam lawatan ini ialah Naib Presiden Pertama, Loo Kok Seong, Naib Presiden, Kerk Loong Sing, dan Ketua Setiausaha, Kevin Siah.
Souvenir: Deputy Director of Department of Commerce of Guizhou Province in China, Shen Xinguo (sixth from right) presents a souvenir to Dato’ Joseph Lim (fifth from right).
1 June 2018
Kuala Lumpur: With the in-depth development of the Belt and Road Initiative, Malaysia and China will have more co-operation opportunities in brand-new agricultural products, food processing, and eco-tourism industries as Malaysia is an agricultural producing country and Guizhou Province in China is transforming into smart agriculture.
A delegation led by Shen Xinguo, Deputy Director of the Department of Commerce of Guizhou Province in China, paid a visit to the Malaysia-China Chamber of Commerce (MCCC) and said that through the Belt and Road Initiative, Guizhou Province hopes to promote its local products overseas. At the same time, it will explore ways to bring Malaysian agricultural products to Guizhou and other parts of China so that the Chinese can enjoy the unique taste of tropical agricultural products.
“We have high expectation that the Internet will break the barriers of the national borders, especially the mutual access to the economy and trade, and break the marketing model of the traditional marketing. In the future, it will be based on innovation and have more breakthroughs,” Shen said.
Vice President of the MCCC, Dato' Joseph Lim, is optimistic that the unique Malaysian food can quickly capture the hearts and minds of the people in Guizhou once the food is introduced by Guizhou Provincial Department of Commerce and local Chinese enterprises.
"Our country's agricultural products such as durian, bird's nest, and Bak Kut Teh are all well-known food that Malaysia is proud of. It is worth introducing in Guizhou Province," Dato’ Joseph said.
In-depth co-operation with Guizhou
At present, Guizhou Province imports more than 100 containers of agricultural products into Malaysia. Dato’ Joseph Lim said to take advantage of this opportunity to export the Malaysian products when returning the container to Guizhou to achieve a win-win situation.
Dato’ Joseph added that Malaysia and Guizhou Province can also jointly develop the tourism industry that uses natural ecology as a selling point. Next, Guizhou Province will improve the quality of services such as tourism, retirement, housekeeping, logistics, insurance, etc. This move and the ecotourism that Malaysia advertises with its rich natural ecology, rare species of wild animals, and unexplored primitive tropical rainforests constitute mutual benefits.
Leaders meet: The President of MCCC, Tan Yew Sing (third from right), attends the China-ASEAN Belt and Road Cold Chain Logistics Economic Development Forum together with the Chairman of the Malaysian Freight Forwarders Association, Alvin Chua (first from left) and China-ASEAN Business Council (CABC) President Xu Ningning (sixth from right).
30 May 2018
Anhui: The China-ASEAN Belt and Road Cold Chain Logistics Economic Development Forum was successfully held on 30 May.
The President of Malaysia-China Chamber of Commerce (MCCC), Tan Yew Sing, was invited to the forum and a closed-door meeting on the China-ASEAN logistics cooperation under the Belt and Road Initiative economic development.
“Based on the geopolitical differences of ASEAN countries, products are diverse and national conditions are mixed, and their consumption is highly complementary. At present, consumer behavior in various countries is an important element of economic development," Tan stressed.
According to Wang Heling, President of the Anhui Federation of Industry and Commerce, there will be USD 12 trillion logistics opportunities in the world in 2030, with 5 trillion business opportunities in Asia. The representatives in the meeting also expressed great confidence in the development prospects of the cold chain logistics industry.
The China-ASEAN Business Council (CABC) President, Xu Ningning, reported that the total trade volume between ASEAN and China last year accounted for USD 500 billion, while the target for 2020 was USD 1 trillion. At present, the ASEAN economies are one of China’s three largest foreign trade partners (the other two economies are the United States and the European Union). In the first quarter of this year, China’s bilateral trade between China and ASEAN was 20.4% higher than last year and the main strategy is interconnection. The rapid development of the cold chain logistics industry in the ASEAN region is inevitable in the near future.
Executive Vice President of China Cold-Chain Logistics Alliance (CCCA), Liu Jing, summed up the development trend and general situation of the cold chain logistics industry in his talk. First, it is informationization; in particular, the R&D and application of blockchain technologies. Second, it is systematization; from single channel to multi-integrated channel. Third, it is service outsourcing. The participation of external companies includes logistics companies (traditional courier, railway, airlines, warehouse network providers, etc.), e-commerce companies and logistics (self-storage industry development in real estate, logistics plants, etc.).
Various potential and forward-looking cold chain development trends have also been proposed in the meeting including cold chain logistics and large-scale cold chain logistics. The latter will soon embark on the IPO market to create high-quality development, technological innovation to create new business opportunities for cold chain, rapid changes in the function of cold chain logistics, development of integration of cold chain logistics, compliance of cold chain enterprises, environmental protection, sustainable model development and traditional cold chain logistics. Emerging cold chain logistics competition will change the overall industry.
Kuala Lumpur: The Malaysia-China Chamber of Commerce (MCCC) supports the Tabung Harapan Malaysia (THM) fund set up by the current cabinet by urging its members to donate as it feels that the country’s economy is facing severe challenges of debt.
The MCCC issued a statement stating that since the Pakatan Harapan coalition came to power three weeks ago, it has implemented a number of measures to deal with the problem of the country’s high debt. In addition to the cabinet ministers taking the lead in a 10% pay cut, several state governments have also followed suit. Some individuals in the private sector have consciously perceived that they have a share of responsibility for the fate of the country and spontaneously raise funds to save the country. This is an attempt that has not been done in the past. It is evident that the people have high hopes towards the new government.
After chairing the second cabinet meeting on 30 May, the Prime Minister, Tun Dr Mahathir Mohamad, announced that the government has found that many people are willing to donate to the government to solve the financial problems. The cabinet therefore agreed to set up a THM fund to receive the people's financial aid.
As our country is going through tough times now, the MCCC, as a non-governmental organisation, is also obliged to work together to urge its members to support the fundraising campaign. It is not the money that counts but the patriotism towards the country.
Malaysia-China Trade and Investment Guide
Launching of the 8th Malaysia-China Entrepreneur Conference