Digi business marketing and operations head Steven Soon (second from left) delivering his speech as (from left) Johor South SME Association advisor Teh Kee Sin, RHB Bank Bhd commercial banking head Azlina Safian and PKT Logistics Group Sdn Bhd chief operating officer P’ng Tean Hau look on duri...
One for the album: (From left) Teh, Soon, Azlina and P’ng posing for photograph after their panel discussion session at the SOBA LAB programme at Trove Hotel in Johor Baru.JOHOR BARU: Digitalisation is the way forward for small and medium enterprises (SMEs) and they have to start planning now,...
Unofficial figures show that some 300,000 Malaysians commute daily from Johor to Singapore to work. — FilepicJOHOR BARU: The state government is looking at the positive angle when it comes to the high number of Malaysians, including Johoreans, working in Singapore.Johor education, human resour...
An SME expo showcasing the productsKUALA LUMPUR: Malaysia's small business sector experienced positive business conditions in 2018 and confidence in business and economic growth is at its highest point since 2012, according to new survey data released today by CPA Australia. The findings from CPA A...
KUALA LUMPUR: Small and medium enterprises (SMEs) should capitalise on the RM517mil funding made available by Malaysian Industrial Development Finance Bhd’s (MIDF) and Malaysian Technology Development Corp (MTDC) under the Soft Loan Scheme for Automation and Modernisation (SLSAM).MIDF group ma...
PETALING JAYA: Finance Minister Lim Guan Eng is tabling Budget 2019 in Parliament, the first federal budget by the Pakatan Harapan government.The tabling of the Supply Bill (Budget) 2019 will commence before Dewan Rakyat Speaker Datuk Mohamad Ariff Md Yusof, and will be debated by the Members of Par...
AEC 2015 Attracts German Companies To Explore Investment Opportunities
KUALA LUMPUR, April 7 (Bernama) -- German companies are counting on the ASEAN Economic Community (AEC) 2015 as a vision of an integrated regional economy as they continue to explore investment opportunities here.
German Ambassador to Malaysia Holger Michael said German companies were showing growing interest in ASEAN in general, and Malaysia in particular since it took over the chairmanship of ASEAN this year.
Within ASEAN, Malaysia is Germany's second biggest trade partner amid a strong bilateral relationship, he told a press conference after attending a dialogue between the Ministry of International Trade and Industry and the Malaysian-German Chamber of Commerce and Industry (MGCC) here Tuesday.
Until December 2014, 387 manufacturing projects worth RM26.8 billion from Germany had been implemented in Malaysia, mainly in the areas of electric and electronics, chemical and chemical products, petroleum products, natural gas and rubber products.
For 2014 alone, International Trade and Industry Minister Datuk Seri Mustapa Mohamed said 13 manufacturing projects worth RM4.42 billion from Germany were approved by the Malaysian Investment Development Authority.
"This year, we believe renewable energy is one of the areas that we can attract German companies to invest," he added.
Meanwhile, MGCC Executive Director Alexander Stedtfeld said investments from German companies would have a positive spillover effect on the local economy and talent pool.
"For cost reasons, German companies will not set up full production facilities here, instead they will link up with local companies or small and medium enterprises to support their businesses.
"The cooperation will usually involve technology and knowledge transfer, and this will help Malaysian companies becoming more competitive in the region," Stedtfeld added.
According to a survey conducted on MGCC members, 97.45 per cent of the respondents rated Malaysia's economy as satisfactory or good and more than half anticipated their businesses would grow in the next 12 months.