TAPiO Newsletter – November 2018 Issue


China Sees Another Opportunity To Collaborate With Malaysia

China is looking forward to forging closer cooperation with Malaysia, particularly in the field of human resource development, says Ambassador of China to Malaysia, His Excellency Bai Tian. This year has been a remarkable one since it marked the 40th anniversary of China’s opening up and the 5th year after the Belt and Road initiative was launched between China and Malaysia. Also, it has been a year with prominence as it was the first time, China organised a programme that was held in Malaysia with the cooperation of a university, which saw the Chinese ocean-monitoring experts being brought to Malaysia to share their expertise.

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Promoting Labuan’s Tourism Will Lead To Successful Economic Growth

Labuan must aggressively promote itself as a value-for-money destination in order to boost its domestic and international tourism appeal, according to Malaysian International Chamber of Commerce and Industry (MICCI) President, Datuk Tan Cheng Kiat. Known as a duty-free island, there are requirements to promote tourism to a complete innovative level and connect it to its massive economic growth since it is also an oil and gas and international financial centre. During a three days business exploration trip, 17 peninsular investors showcased their worries about the deficiency of investment and tourism promotions by the local authority and industry players. This could, in fact, impact on Labuan’s economic evolution and since it has all the required facilities and infrastructures, there are possibilities for exploring new development. Labuan would be in the near future as a significant support in Malaysia’s economic if thoughtful developments are done.

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Non-Traditional Partnerships Is In Our “Potential Radar” – Petronas

Petroliam Nasional Bhd (Petronas) is seeking to participate in more non-traditional partnerships or partnerships that explore unconventional solutions to help reduce costs, gain efficiency and hedge risks. The importance of discovering energy solutions that stretch out to non-traditional partners, along with traditional partnerships that discover alternative solutions. It would similarly provide the motivation for inspiration and invention to discover resolutions that are required for advancing. The significance of maintaining the oil and gas (O&G) industry depends on companies whether to move into unused and unfamiliar paths for a partnership to find solutions that efficiently connect O&G resources to respond the growth mandate for maintainable fresh energy.

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