Sign up | Log in



Home  >>  Daily News  >>  Malaysia News  >> Asean's Trade Partners News  >> Malaysia seeks more British investments
NEWS UPDATES 14 January 2010

Malaysia seeks more British investments

Related Stories

January 12, 2010
Malaysian PM to talk bilateral FTA with India during visit

December 24, 2009
US awaits Malaysia’s decision on Trans-Pacific Partnership

December 20, 2009
India seeks to attract Malaysian investors to infrastructure projects

December 19, 2009
Malaysian hotel chain sees revenue boost from MICE

December 15, 2009
Chinese power firm to invest $8 bn in Malaysia

December 9, 2009
Malaysia’s Petronas spends 13.7bn ringgit on exploration and production

Malaysia is seeking more British investments in the aerospace engineering and agricultural biotechnology sectors, reported the StarBiz daily.

Deputy Prime Minister Tan Sri Muhyiddin Yassin said Malaysia was a viable location for the manufacture of aircraft components, maintenance, repair and overhaul for both the regional and global markets.

Renowned British companies with operations in Malaysia included BAE Systems, Rolls Royce, Stress Analysis & Design Engineering and Spirit Aerosystems, he said.

He urged UK aerospace companies to take advantage of the Malaysia International Aerospace Centre (MIAC) to develop the country into a regional aerospace hub by 2015.

“The Government has just announced comprehensive tax incentives which include tax holidays and allowances to further promote the aerospace industry,” he said on Tuesday when addressing 16 British investors including Spirit Aerosystems (Europe) Ltd vice-president and managing director Neil McManus, Dyson Ltd director (international & commercial) Sir Richard Needham and Enigma Diagnostics Ltd CEO Darren Hall.

Muhyiddin said Malaysia was now on a higher plane of industrialisation focusing on attracting quality investments.

They included high technology, capital intensive, high value-added, knowledge-based and skills-intensive operations incorporating activities such as design and development as well as research and development programmes.

“Our priority sectors are advanced electronics, information and communications technology, machinery and equipment, biotechnology, medical devices and renewable energy,” he said.

Needham said Malaysia was a much better place for British investors, particularly medium-sized companies, as both countries shared long cultural, political and family ties.

He also said southern Malaysia and Singapore together were a more attractive place than Hong Kong-Shenzhen or Hong Kong-Zhuhai.

“Personally, Malaysia and Singapore spend too much time competing with each other and not enough time working out how they should present a common face to outside investors,” he added.


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

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

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2021 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand