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NEWS UPDATES Asean Affairs   30 September 2013  

Prime Minister Najib, U.S. Companies Meet on Economic Progress

(New York City) Malaysia’s Prime Minister Najib Tun Razak met with a group of U.S. companies organized by the US-ASEAN Business Council, the U.S. Chamber of Commerce and the Malaysia Investment Development Authority today during his visit to New York for the United Nations General Assembly meetings. The Prime Minister discussed his vision for transforming Malaysia into a middle-income country by 2020. During his visit deals with U.S. companies focused on nano-technology and the creation of smart electricity grids were also announced.
As part of the business focus to this trip, the Prime Minister officiated the opening of an office for Khazanah, the Malaysian government’s investment arm, in San Francisco, and announced the creation of a $100 million fund to support emerging companies in sustainable and green technology. He also attended the 3rd Global Science and Innovation Advisory Council (GSIAC) meeting and the 7th BIO-International Advisory Panel meeting, which included a tour of the headquarters of Council member Google.
“The Council has substantially raised our level of connection to Malaysia this year,” said Alexander Feldman, President of the US-ASEAN Business Council. “We opened an office in Kuala Lumpur for the first time, giving the Council a permanent presence in 6 of the 10 ASEAN nations. We also visited Malaysia as part of our CEO mission in June, and will return with a major business mission this November.
“Prime Minister Najib’s vision in inaugurating the Economic Transformation Program and bringing Malaysia into the Trans-Pacific Partnership have helped make Malaysia a model economy and a magnet for foreign investment. Malaysia’s economic reforms are not just bringing in new investors, but are giving existing investors the confidence to expand their operations and grow their businesses in Malaysia. Today, the Prime Minister heard from a number of Council members who are excited about developments in Malaysia and are contemplating expanded their existing commitments. We look forward to continuing to work with his administration to bring high-quality U.S. companies into Malaysia.”
Following the meeting the Prime Minister will participate in the Global Investment Symposium 2013, and deliver remarks to the High Level Meeting of the General Assembly on Nuclear Disarmament, as well as sign the Arms Trade Treaty (ATT).
Companies participating in the meeting included ACE, Abbott, Barclays Capital, Bower Group Asia, the Coca-Cola Company, ConocoPhillips, Chevron, Citigroup, Darden Restaurants, ExxonMobil, GE, Guardian Industries, IBM, MetLife, and Prince Street Capital Management.
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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






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