M'sia still has good potential to attract foreign investments: MICCI
Published on: Thursday, January 29, 2015
Kuala Lumpur: Malaysia still has good potential to attract foreign investments amid the current global economic uncertainty, says Malaysian International Chamber of Commerce and Industry (MICCI) president, Simon Whitelaw.He said there was still huge untapped business potential, in addition to spacious growth opportunities for small and medium enterprises (SMEs) in the country."Business players should not be alarmed, but instead, be more productive and efficient in cushioning the impact of the current economic downturn," he added.
ADVERTISEMENT
Whitelaw said there was also a need to get SMEs to be more involved, for example, in developing exports.He added that at present, they contributed just under 70 per cent of Malaysia's exports.He told reporters this after the official launch of the National Corporate Ethics Awards (NCEA) 2015, here.He said cost wise, although China and India are seen to be more competitive, Malaysia is still seeing foreign companies setting up businesses in the country.
ADVERTISEMENT
"So, lets not be too negative," Whitelaw added.The NCEA 2015 is a private sector led initiative designed to identify companies who can serve as role models for others to follow, while stimulating a proactive anti-bribery role and ethics in the private sector.
ADVERTISEMENT
This is alongside demonstrating Malaysia's commitment as a leader in ethical business.It is also the first time the award is being held and the inaugural winners announced in September.About 60 companies are expected to participate in the first award cycle.Stay up-to-date by following Daily Express’s Telegram channel.
Daily Express Malaysia
