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.
Continue reading “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”
Continue reading “扶持本地电子电器企业发展成为全球和区域性企业”
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
Continue reading “Supporting our Local Companies in the E&E Industry to be Regional and Global Players”