MITI aims to be fully transparent on the issuance of Open Approved Permits (APs) for vehicles and motorcycles

Media Statement by Dr. Ong Kian Ming, Deputy Minister of International Trade and Industry (MITI) on the 14th of March, 2019

One of the main contentions about the implementation of the Approved Permit (AP) policy in the past has been allegations that these APs were given to a small number of well-connected individuals and companies which then quickly sold the APs to other parties for a quick profit. These allegations led many people to ask for the abolition of the AP policy.

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SPEECH DELIVERED AT THE STANDARD CHARTERED BANK BELT AND ROAD FORUM AND CLIENT DINNER IN KUALA LUMPUR BY DR. ONG KIAN MING, DEPUTY MINISTER OF INTERNATIONAL TRADE AND INDUSTRY ON THE 8TH MARCH 2019

1.Since the Belt and Road Initiative (BRI) was launched by President Xi Jinping in 2013, it has become a pivotal feature of China’s domestic as well as its foreign policy. The BRI has the opportunity to surpass the Marshall Plan in terms of the scale and scope of its ambition.

2. When the BRI was first announced, there was a palpable sense of excitement over how the grand-scale investment plans would reshape global trade and relations. This was especially true in Asia, a fast growing region in dire need of investments for infrastructure. Estimates vary between US$1 trillion and US$8 trillion in terms of infrastructure demand for Asia up to 2030.

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Supporting our Local Companies in the E&E Industry to be Regional and Global Players

Media Statement by Dr. Ong Kian Ming, Deputy Minister of International Trade and Industry (MITI) on the 15th of February 2019

Whenever one thinks of the Electronics and Electrical (E&E) Sector in Penang, the images which come to mind immediately are big multinational companies (MNCs) such as Intel, B Braun and Broadcom. While established MNCs in the E&E sector have a long history in Penang, what is much less well known are the number of Large Local Companies (LLCs) which have emerged as part and parcel of the E&E landscape. With the right level of support and coordination, these companies can drive the next stage of growth for the E&E sector in Malaysia.

Most of the local E&E players in Penang started off as suppliers to the many MNCs which made Penang their operations and manufacturing hub in South East Asia, starting with INTEL in the early 1970s. As the scale and sophistication of these E&E MNCs grew, the local E&E players also grew in tandem.

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