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4 September 2018

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.