Sign up | Log in



Home  >>   Daily News  >>   Asean News  >>   Trade  >>   Malaysian group pours in 800m yuan in China-Asean SME centre
NEWS UPDATES Asean Affairs   25 April  2012

Malaysian group pours in 800m yuan in China-Asean SME centre

25 April, 2012

Malaysia’s Low Yat Group expects to invest 650 million yuan to 800 million yuan  for all three phases of its China-Asean SME Trade (CASMET) Centre in Changshu, China.

The first phase, which cost about 300 million yuan was completed in 2011.

“The second and third phases are expected to be completed in the next few years,” said executive director Low Gee Teong at an event to promote CASMET.

He said the second and third phases would have a total floor area of 92,500 sq m and would be developed for commercial and small-office-home-offices.

The centre was developed by the Low Yat Group as a free trade area that will serve as a one-stop centre, providing Asean companies, especially small and medium-sized enterprises (SMEs), the necessary facilities and support needed to explore opportunities in China.

Low said the first phase of CASMET spanning 31,293 sq m comprised seven blocks with 213 units of commercial retail and office space and was built on a gross floor area of 38,341 sq m.

According to CASMET director and general manager Rebecca Deng, the first phase of the trade centre has secured an occupancy rate of 40%.

“About 15% of the companies are from China and the remainder from Asean,” she said, adding that there were six to seven companies from Malaysia already trading in CASMET.

Deng said the Malaysian companies were from the palm oil, batik and coffee industries.

CASMET director Datuk J. Jegathesan said estimates that China's economy might not exceed its previous year's growth of 9.2% this year was “not worrying” and should not deter local SMEs to invest in China.

“Every industry in the world goes through an economic cycle. China is not exempt from that cycle and it should not be a concern,” he said.

Meanwhile, Low said CASMET would further enhance the social, cultural and economic relations, exchanges and co-operation among China and Asean countries Brunei, Cambodia, Indonesia, Myanmar, the Philippines, Singapore, Thailand, Vietnam and Malaysia.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below




1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Today's  Stories    25  April   2012 Subsribe Now !
• Malaysian group pours in 800m yuan  Subcribe: Asean Affairs Global Magazine
• Suu Kyi boycotts parliament meeting  Asean Affairs Premium

• HM King of Thailand donates money to......

Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• Proton targets Asean as key market
• $22b investment in Vietnam cast iron refinery
• “More floods coming”, warns UN



Asean Analysis              19  April   2012

Advertise Your Brand
• Asean Analysis- April 19, 2012  
• Asean Analysis- April 14, 2012 Sponsor Our Events

Asean Stock Watch     25  April   2012 

• Asean Stock Watch-April 25, 2012 p
• Asean Stock Watch-April 24, 2012

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent

• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More


Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand