FORGE FOREIGN TIES, FIRMS URGED
Move will help businesses widen reach and diversify products and services, says deputy prime minister
KUALA LANGAT firstname.lastname@example.org
THE government wants more local companies to initiate cooperation with foreign industry players. Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi said this would help companies to not only able to grab wider market opportunities, but also diversify and improve their products and services.
Malaysian businesses must make it a priority to explore beyond Asean into the global market, he said at the launch of new Demak motorcycle models in Banting, here, yesterday.
“I welcome the foreign direct investments brought by China. Malaysia and China had been in collaboration economically, and it (China) makes the largest foreign direct investment in our country.
“Local businesses must not see foreign investors as a threat as they are here not to take over from domestic investors,” he said.
Zahid said local firms should bring more foreign investors into the country to help further develop the economy.
Also present at the launch were Natural Resource and Environment Minister Datuk Seri Dr Wan Junaidi Tuanku Jaafar and DNC Asiatic Holdings Sdn Bhd (Demak manufacturer and assembler) chairman Datuk Seri Feona Wan Junaidi.
Zahid yesterday launched eight Demak motorcycle models, which will be available in the local market soon.
The models — six of which are all-new while two are facelifted versions — are assembled in the country.
Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi trying out a Demak motorcycle at the launch yesterday. With him are Natural Resource and Environment Minister Datuk Seri Dr Wan Junaidi Tuanku Jaafar (third from left) and DNC Asiatic chairman Datuk Seri Feona Wan Junaidi (left).