TAPiO Newsletter – January 2019 Issue
Japan have strong believe in Malaysia’s Bright Prospects for the Future
Japan’s Ambassador to Malaysia, Dr Makio Miyagawa believes that Malaysian Economy have bright evaluation and prospects in the future. This happened because the current administration practices transparency and good governance which is crucial in renewing confidence among the people, investors, businesses, and international community. Japanese Government is ready to assist Malaysia and strengthen Tokyo-Kuala Lumpur bilateral relations. Japan also has offered samurai bonds that will help reducing Malaysia’s high financial burden and increase Japanese investors in Malaysia. Besides that, Japan is in the middle of intensifying its Halal Industry and had been seeking guidance from Malaysian experts in order to obtain good halal certification.
Turkey Keen To Invest In The Heart Of ASEAN And Asia, Malaysia
TAPiO Management Advisory (TAPiO) organized a Turkish Delegation in collaboration with Malaysia International Trade and Exhibition Centre (MITEC) and the Embassy of Turkey in Malaysia on the 14th January 2019 at MITEC. TAPiO and MITEC opened their hands to the members of the Malaysia-Turkey Business Council and the Commercial Attaché, Her Excellency Elif Haliloğlu Güngüneş. The purpose of this delegation was to brief the delegations on the attractive business opportunities if they use Malaysia as the gateway to ASEAN and Asia and the other benefits they will gain from invest in Malaysia. The presentation also had a section on TAPiO and the services they offer to assist those who are interested to come to Malaysia. The presentation started at 4.15pm and Mr. Mehmet Akalin, one of TAPiO’s interns presented the presentation. The presentation was done in English and certain parts were translated into Turkish language so that the business persons can have better understanding. Our talented intern Mr Mehmet assisted in translations any questions asked and explaining better in Turkish language so that everyone can grasp 100% of the content put forth.
Germany And Malaysia Will Assist Turkish Start-Ups Company
On the 23rd January, Embassy of the Republic of Turkey had a meeting with Technical University of Munich International GmbH (TUM), Asia Center of Excellence for Smart Technologies (ACES) and TAPiO Management Advisory. This meeting was held at the Embassy of the Republic of Turkey in Menara Tan & Tan where Her Excellency Ambassador Dr. Merve Kavakci, Her Excellency Elif Haliloğlu Güngüneş the Commercial Counsellor and Ms. Zeynep Havva Rafique Ali the Press Counsellor were present from the Turkish Embassy. On the other side, the representative from Technical University of Munich International GmbH (TUM) was Dipl.-Kfm. Daniel A. Gottschald the Managing Director of TUM and Mr. Tan Heng Siang, Manager of ACES, was the representative from ACES. Representatives from TAPiO were Mr. Bernhard Schutte, Chairman, and Nur Redzlan Nur Jazlan, Junior Associate. TUM is interested to work with Turkish start-ups in Malaysia and Germany. This is because Malaysia can assist Turkey to enter the ASEAN market whereas Germany can assist them to get into the European market. During the meeting, it was noted that Ambassador Dr. Merve is very interested in what Malaysia has to offer.
“Love Malaysia, Buy Made-In Malaysia” is the new plan to help with Malaysia domestic export problem
Federation of Malaysian Manufacturers (FMM) has called for early ad fast implementation of the free trade agreements because of the ongoing US-China trade conflict and the uncertainties in the global environment. “Love Malaysia, Buy Made-In Malaysia campaign is one of the success key factor in Malaysian’s new manufacturing era. This campaign should be launched expeditiously and monitored closely. It should also be promoted religiously in domestic and overseas markets. The government made an announcement in budget 2019 that it will allocate RM20million to initiate a “Buy Malaysian First” campaign to support local products and services. The campaign will start at providing a platform for local producers, manufacturers and service providers to market their services and products. FMM members are strongly urged to optimize the use of the appropriate government assistance programmes to implement firm-level initiatives, particularly in adopting Industry 4.0 technologies. FMM’s vision is to make Malaysian industries globally competitive and they will continue to work harder towards becoming government’s partner of choice.
Malaysia and Hong Kong Close-tied Together for Collaborations
Malaysia’s strong bilateral economic ties with Hong Kong will lay a strong foundation for future collaborations, especially in the spheres of financial services, logistics, as well as innovation and technology, said International Trade and Industry Minister Datuk Darell Leiking. Minister Darell said Hong Kong continued to be one of Malaysia’s top trading partners and sources of foreign direct investment. During the recent trip to the Hong Kong Special Administrative Region, Darell fulfilled an invitation from the Economic Times to chair a CEOs’ Breakfast Meeting, which was attended by 40 chief executive officers and representatives from selected corporations across Asia.
Third National Car’s Prototype Will be Unveiled in March 2019
Prototype of third national car could be unveiled by March in 2019. The project will involve collaboration with a strategic partner and will be manufactured by the private sectors. Ministry of Entrepreneur Development (MED) secretary general Wan Suraya Wan Mohd Radzi hoped that the localisation of the components required can be ensured after the announcement of prototype. MED will consult with the vendors involved to guarantee an efficient ecosystem that will support the mass production of the car. MED and Malaysian Industry-Government Group for High Technology (MIGHT) are still in the progress of selecting vendors from MED’s existing VDP which have 117 firms registered in the latest data from MED’s official website. There was no limit given to those who want to become the supplier for the new national car.
Proton Malaysia Signed Another Collaboration Agreement
Proton’s Malaysian vendors signed second collaboration agreement which bring RM47 Million additional investment to initial investment from the first agreement signed in last year. In this second batch there are seven foreign parties which there are four joint ventures, one technical collaboration and two 100% foreign direct investments. Proton CEO Li Chunrong said that Proton’s vendor development programme is gathering pace and the company has worked hard on its matchmaking activities to find the best alliances that will benefit all vendors, the local economy and Proton as well. Proton deputy CEO Datuk Radzaif Mohamed also mentioned that even though the agreement is for overseas vendors working with local vendors, the situation can also be reversed. If local vendors meet requirement of Geely in China for supply chain that market, they can be considered for the China market as well.