We are pleased to inform that Sichuan Provincial Investment Promotion Bureau will organize the China (Sichuan)-Malaysia Economic Trade Cooperation Conference to strengthen the economic cooperation and exchanges between Sichuan and the “Belt and Road” countries in Southeast Asia. The conference will also aim to explore potential cooperation between Sichuan and Malaysia in the sectors of business and investment, cultural tourism, healthcare and so on to deepen the understanding of Malaysian associations and enterprises toward Sichuan business opportunities. YB Tuan Sim Tze Tzin, Deputy Minister of Agriculture and Agro-based Industry will be the guest of honour and giving a speech during the conference.
Malaysia-China Chamber of Commerce (MCCC) is honoured to be invited as the co–organizer to the event.
Details of the event are as follows:
Friday, November 30, 2018
2.30 pm （Registration：2pm）
InterContinental Kuala Lumpur, Ballroom 1. 165, Jalan Ampang, Kuala Lumpur, 50450 Kuala Lumpur, Federal Territory of KL.
* Free admission, light refreshment will be served.
Characteristics of Sichuan Province:
Sichuan, with a total area of 486,000 square kilometers, is a major economic, large population, abundant resources and science and education province in China with GDP ranked No.6 nationwide and No.1 in Western China.
17 countries have consulates in Sichuan, ranking No.3 in China.
Chengdu, capital of Sichuan, is the fourth largest aviation hub in the country which operating over 100 international routes. The China-Europefreight trains travel from Chengdu to Europe within 10 days.
5 trillion Yuan of domestic and foreign investment has been introduced in the past five years, 331 out of the top 500 China companies, are in Sichuan province.
Digital economy and the five pillar industries : electronic information, equipment manufacturing, food and beverage, advanced materials, energy and petrochemical industry, play an important role in China.
The 15th China-ASEAN Expo (CAEXPO) is co-organized by 10 governments from China and ASEAN and the China-Asean Expo Secretariat. It will be held in Nanning, China, from 12-15 September, 2018.
As a long-term supporter of the Expo, MCCC is invited to participate as purchasers and investors.
Food Processing and Packaging
Electrical Equipment and New Energy
Electrical and Electronic
Agricultural Products and Food
Environmental Conservation Technology and Equipment
International Contracting Work
Investment and Finance
I hope majority of the members from the above industries will actively participate in the Expo.
The organizers will make the following arrangements for the purchasers:
Arrange business matching
2 Provide each purchaser a 2-night stay at a 3-star hotel (standard room, not higher than RMB350/room per night) *Note: Purchasers need to arrange their own accommodation and offset it with coupons. If the accommodation fee is higher than RMB350/night, the purchasers need to cover the additional charges.
Arrange a personnel to accompany and assist in the Expo and other activities
In order to thank the organizing committee in providing the above services, purchasers are urged to participate actively in the Expo. *In addition, each enterprise needs to register at the registration counter.
For those who are interested, please fill in the attached registration form (mandatory) before 20.8.2018 and return it to the Secretariat via email or fax. In addition, please also send a RM150 cheque (non-member RM300) for administrative expenses within 7 days upon registration. The cheque must be made payable to the ‘Malaysia-China Chamber of Commerce’（Public Bank：3068 98 1822）. Kindly email the bank-in slip to our secretary as well.
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
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
MCCC Secretary-general Kevin Siah ( seventh from left) received Malaysian Chamber of Commerce(MAYCHAM) delegations led by Fang Wei Cheng, the President of CMCC (eighth from left).
Malaysian Chamber of Commerce has, in accordance with the《Provisional Regulations for the Administration of Foreign Chamber of Commerce in the People’s Republic of China》, been registered and set up in year 2003. The chamber has also obtained the Approval Certificate of the Foreign Chamber of Commerce from the Ministry of Commerce of the People's Republic of China and the Registration Certificate of Social Organization Legal Person from the Ministry of Civil Affairs of the People's Republic of China.
The principal objective of Malaysian Chamber of Commerce is to promote economic and trade exchanges and to strengthen the economic relations between China and Malaysia.
Liao Ke Quan, Deputy Mayor of Leshan Municipal People’s Government (seventh from right), presented souvenir to MCCC Vice President Soong Siew Tong (sixth from right).
Leshan city, tourism economic ranks second in Sichuan Province, is an excellent tourism, historical and cultural city in China.
Leshan is also an important industrial city in Sichuan, it has a complete industry classification and developed foundation, forming a new industry including electronic, clean energy, new materials, modern equipment manufacturing and biopharmaceuticals, and traditional industry such as salt phosphorus chemical industry, metallurgical building materials and agricultural processing industry.
“Will the new Malaysian Government Lead a better future?”
Kedah-Perlis Pro Tem Committee
MCCC Kedah, Perlis Pro Tem Committee presented a hamper to the moderator. (L-R) Tan Ah Kiang, Lim Cheng Keat, Kerk Loong Sing, Kevin Siah and Thay Peng Hong.
MCCC Kedah-Perlis Pro Tem Committee Vice Chairman Tan Ah Kiang pointed out that from the new government and ministers’ perspective on the current difficulties faced by the country, it evince the courage of the new government in facing the problems and dare to speak out to the people about the country’s predicament.
Tan added that since the problems has been identified, what is needed now is a good resolution and counter measures.
“What is the future of Malaysia economic trend? I believe this is a mystery in everyone’s mind” Tan added. “We should establish a preliminary concept and view on the new government that led by Tun Dr Mahathir, everyone is very concerned about the issue of the RM 1 trillion government debts”.
Kerk Loong Sing, MCCC Vice President, as a keynote speaker to the forum said that the world economic will be facing numerous challenges in the next two years, especially the unilateralism, protectionism and geographical chaos provoked by the Us in the US-China trade war, will lead to instability of world economic development and will also affect Malaysia economic to a certain extent.
In any case, Kerk highly looks forward to the new government, new policies, and believes that Malaysia economic will become better and better.
(L-R) Loo Kok Seong, The 8th MCEC Organizing Chairman; Hew Tse Hou, Consulate-General of Malaysia in Shanghai; YB Dato’ Teng Chang Khim, Executive Councillor of Selangor State; Tan Yew Sing, The President of MCCC; YB Dr Ong Kian Ming, Deputy Minister of International Trade and Industry of Malaysia; Hong Hui Min, Vice Chairman of Chinese People’s Political Consultative Conference cum Principal Committee of Jiangsu Provincial National Democratic Construction Association; Yan Hua, Deputy Mayor of the People’s Government of Nanjing; Ma Ming Long, Director-General of the Department of Commerce of Jiangsu Province; Zhau Jian Nong, Vice Chairman of the Overseas Chinese Federation cum Chairman of Jiangsu Overseas Chinese Federation and Kong Qiu Yun, Director of Nanjing Municipal Bureau of Commerce.
September 19, 2018.
NANJING : The Ministry of International Trade and Industry (MITI) is focused on the fourth industrial revolution (Industry 4.0) and helping small and medium sized enterprises (SMEs) reduce their dependence on foreign labour, said Deputy Minister Dr Ong Kian Ming.
"This is one of the key strategies we are looking at in Budget 2019," he told Bernama after attending the opening ceremony of the 8th Malaysia-China Entrepreneur Conference (MCEC 2018) here, today.
The 2019 Budget is set to be announced in Parliament on Nov 2, the first under the new Pakatan Harapan government.
Meanwhile, the MCEC 2018 is a bilateral trade event in collaboration with the Nanjing Municipal Bureau of Commerce.
The event is endorsed by MITI, the Treasury, Ministry of Tourism and Culture Malaysia, the Malaysia Consulate General in Shanghai and Secretariat for the Advancement of Malaysia Entrepreneurs (SAME) under the Prime Minister's Department.
It is also fully supported by the Department of Commerce of Jiangsu Province, Nanjing Municipal People's Government and Federation of Returned Overseas Chinese of Jiangsu Province.
Ong praised MCEC’s organiser, the Malaysia-China Chamber of Commerce (MCCC), for pushing bilateral trade, as he foresaw the event being held in Malaysia next year to attract more Chinese SMEs.
"We will see whether they can invest and collaborate with local partners to bring in their technology and use Malaysia as the gateway to ASEAN," he said.
Meanwhile, Ong said SMEs generally had limited capital for big investments, thus both countries should collaborate to find new ways of doing businesses.
"We try to see whether we can facilitate, but it is more important at this point in time for us to understand the challenges first," he added.
MCCC President Tan Yew Sing hoped the conference would establish a platform for connecting, communicating and cooperation between Malaysian and China’s SMEs, especially in Nanjing.
He said Prime Minister Tun Dr Mahathir’s visit to China was to enlighten the government on the new Malaysian government’s policies and ideas.
Tan said as a robust developing country, Malaysia was in need of research and development (R&D) manpower with advanced knowledge and experience, and it was necessary to strengthen the exchange of talent with R&D talents in China.
"China is very advanced in technologies such as mobile payment, e-commerce, biotechnology, agricultural-based industries, artificial intelligence and financial technology, and the country has an abundant R&D manpower," Ong added.
KUALA LUMPUR: The relations between Malaysia and China is supposed be further enhanced after the visit of Prime Minister Tun Dr Mahathir to China. However, the vague and ambiguous statement and inconsistent policies that made by our new government leaders recently, may dent the existing and even the potential investors’ confidences on investing in Malaysia. This may bring a serious impact to our country’s economy.
Malaysia-China Chamber of Commerce (MCCC), with members from multi races, independent and private business groups, recognizes the necessity to clarify its views and standpoint on this matter.
In connection with the tearing down of the perimeter wall around the Malaysia-China Kuantan Industrial Park (MCKIP), it was later identified that this incident is merely a misunderstanding. The perimeter wall is completely reasonable and legal, it was built to safeguard the safety of the employees and the assets of the factories. MCCC hopes that the official institutions could make a clarification on the untrue statements so as to prevent the incident from being used by people with intention, and to let the industry to move on smoothly.
The remarks on the prohibition of the selling of Forest City property to foreignors has given a shock to both the foreign investors and developers even though it was clarified by Tun Dr Mahathir that there is no such prohibition. This incident may bring a negative impact on attracting investment and the “Second Home” plan. It is necessary for the official institutions to make reasonable explanations and appeasements to safeguard Malaysia reputation.
The above mentioned incidents have repeatedly highlighted the influence of Malaysia officials, especially the new government leaders, on their decisions.
MCCC, which has always been committed to maintaining and promoting Malaysia-China economics and trade relations, has called for government leaders to be cautious on their words. The government should establish and strengthen a specialized department or group, to report to the government leaders promptly and clearly on all the matters regarding foreign investment policies. By establishing a transparent and rational communication and information mechanism, the government leaders can ensure in getting the right information.
The “Belt and Road Initiative” is celebrating its fifth year this year. The willingness of China investors to “go global” has become stronger. Malaysian companies of all races and fields becoming more and more willing to co-operate with these skilled, talented and experienced China enterprises.
In this ”striving the economy” era, MCCC will continue to act as a link for Malaysia and China to complement each other on their trades and businesses. MCCC also hopes that the official institutions can release friendly business and investment policies to foreign investors so that Malaysia can maintain its status and attractiveness among neighboring countries along the Belt and Road, and to become the biggest business partner to China.
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.
Malaysia-China Trade and Investment Guide
Launching of the 8th Malaysia-China Entrepreneur Conference