MoUs with Chinese companies a sign of investor confidence in Malaysia : ACCCIM

KUALA LUMPUR: The signing of memorandum of understandings (MOU) between Malaysian and Chinese companies with a proposed investment value of about RM31.3 billion, reflects investors confidence in Malaysia.
Associated Chinese Chambers of Commerce and Industry of Malaysia's (ACCCIM), Deputy Secretary General II, Michael Chai Woon Chew termed the signings as a positive development, which shows the confidence placed on Malaysia, with Chinese companies coming here to carry out projects.
"We are not looking at high labour intensive businesses, we are looking at high-tech companies as these are the businesses the government is trying to attract," Chai said.
Nine MoU's were inked yesterday in Beijing in the presence of Prime Minister Datuk Seri Najib Abdul Razak.
On another note, speaking on Transformasi Nasional 2050 (TN50)Chai said many careers we have today may not be relevant in the next five to 10 years, and it is important for youth to voice their needs to the government.
He said the concerns amongst Chinese youth in the country are startup's, loan facilities and others.
The chambers will be coming together with other Chinese youth organisations to organise a Town Hall session entitled "TN50 Town Hall in Selangor," to be held on May 27 from 2.00 pm to 5.30 pm at Seng Peng Hall, Wisma Chinese Chamber to gather views, suggestions and recommendations from the public.