FORGE FOR­EIGN TIES, FIRMS URGED

Move will help busi­nesses widen reach and di­ver­sify prod­ucts and ser­vices, says deputy prime min­is­ter

New Straits Times - - Business -

HARIZ MOHD

KUALA LAN­GAT bt@me­di­aprima.com.my

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).

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