‘ALIBABA DIS­TRI­BU­TION HUB A VOTE OF CON­FI­DENCE IN MALAYSIAN ECON­OMY’

It shows in­vestors’ grow­ing con­fi­dence in Malaysia, says Ger­akan V-P

New Straits Times - - News -

FER­NANDO FONG KUALA LUMPUR news@nst.com.my

CHI­NESE e-com­merce gi­ant Alibaba Group Hold­ing Lim­ited’s plan to set up a re­gional dis­tri­bu­tion hub in Malaysia is a re­flec­tion of grow­ing for­eign in­vestor con­fi­dence in the coun­try, says Ger­akan vice-pres­i­dent Datuk Dr Do­minic Lau yes­ter­day.

He said Malaysia’s econ­omy was be­com­ing more ro­bust and dy­namic un­der the lead­er­ship of Prime Min­is­ter Datuk Seri Na­jib Razak.

“E-com­merce is an eco­nomic area with a fast pace of growth. More and more con­sumers are buy­ing on­line. E-com­merce will help make the mar­ket more com­pet­i­tive with bet­ter cus­tomer ex­pe­ri­ence and ac­ces­si­bil­ity of goods,” he told the Ne w Straits Times.

MCA cen­tral com­mit­tee mem­ber Datuk Seri Ti Lian Ker said it showed Malaysia was on track for eco­nomic growth with top com­pa­nies choos­ing the coun­try as their choice des­ti­na­tion for longterm in­vest­ments.

“What we need is more po­lit­i­cal sta­bil­ity for the na­tion to progress fur­ther. Na­jib has done a good job.”

Ti said Na­jib de­served credit as he had put Malaysia back on the in­vestors’ map through con­sis­tency and per­se­ver­ance.

Econ­o­mist Pro­fes­sor Dr Bar­joyai Bar­dai said Alibaba, which owns Chi­nese on­line shop­ping busi­ness Taobao, was grow­ing tremen­dously world­wide.

He said Malaysian busi­nesses and cus­tomers had al­ready been in­volved with Alibaba’s mar­ket­ing web ser­vices.

“The re­gional dis­tri­bu­tion cen­tre will help spur the phys­i­cal busi­ness ac­tiv­ity re­lated to it.

“The re­gional ware­house will ser­vice the Asean re­gion and gen­er­ate em­ploy­ment and busi­ness in­come that will spur eco­nomic de­vel­op­ment.”

Bar­joyai said Malaysian busi­nesses, in­clud­ing mi­cro-busi­nesses, could take the op­por­tu­nity to cre­ate links with Alibaba to mar­ket their prod­ucts.

He said the set­ting up of a Malaysian mer­chan­dise pro­cess­ing cen­tre for pack­ag­ing, lev­er­ag­ing Alibaba’s re­gional dis­tri­bu­tion cen­tre, could help up­lift the qual­ity of Malaysian prod­ucts, with bet­ter dis­tri­bu­tion and mar­ket cov­er­age.

Datuk Seri Ti Lian Ker

Datuk Dr Do­minic Lau

Newspapers in English

Newspapers from Malaysia

© PressReader. All rights reserved.