MEDIA STATEMENT BY DR. ONG KIAN MING, DEPUTY MINISTER OF INTERNATIONAL TRADE AND INDUSTRY (MITI) ON THE 27TH OF MARCH, 2019
I refer to the
tweet by YB Khairy Jamaluddin, Member of Parliament of Rembau, yesterday (26th
of March 2019) with a screenshot of the ongoing Review of the National
Automotive Policy (NAP) and the highlighting of the word “flying vehicle”.
Statement by Dr. Ong Kian Ming, Deputy Minister of International Trade and
Industry (MITI) on the 14th of March, 2019
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.
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.