Na­jib eye­ing more Ja­panese in­vest­ment

> Look for more op­por­tu­ni­ties in Malaysia, PM tells cap­tains of in­dus­tries in Tokyo

The Sun (Malaysia) - - NEWS WITHOUT BORDERS -

TOKYO: Af­ter woo­ing Chi­nese in­vestors about a fort­night ago, Prime Min­is­ter Datuk Seri Na­jib Ab­dul Razak is now strength­en­ing the bond with Ja­panese in­vestors.

He urged Ja­panese cap­tains of in­dus­tries to look for more op­por­tu­ni­ties in Malaysia as the coun­try is un­der­go­ing eco­nomic trans­for­ma­tion pro­grammes to­wards be­com­ing a high-in­come na­tion.

Na­jib, who is on a three-day work­ing visit to Ja­pan from Tues­day, said op­por­tu­ni­ties abound in many ar­eas in­clud­ing re­new­able en­ergy, green tech­nol­ogy and high-tech­nol­ogy de­vel­op­ment.

“Some of the ar­eas in­clude re­new­able en­ergy, green tech­nol­ogy, hi-tech de­vel­op­ment as we move up the value chain ... and want­ing to be­come an ad­vanced econ­omy.

“Malaysia is no longer com­pet­ing at the level of low tech­nol­ogy. We want to move up to en­sure our peo­ple ben­e­fit from higher pay­ing jobs,” he said dur­ing a lun­cheon with the cap­tains of in­dus­tries, here, yes­ter­day.

Among those present were NEC Cor­po­ra­tion chair­man Nobuhiro Endo, Mit­subishi Cor­po­ra­tion chair­man Mikio Sasaki, East Ja­pan Rail­way Com­pany pres­i­dent and chief ex­ec­u­tive of­fi­cer Tet­suro Tomita, Su­mit­omo Cor­po­ra­tion chair­man Kazuo Omori, Tai­sei Con­struc­tion chair­man Takashi Ya­mauchi, Mit­sui Co Ltd CEO Tatsuo Ya­sunaga, Ja­pan Petroleum Ex­plo­ration Co CEO Hide­ichi Okada, Tokyo Gas Co Ltd CEO Michi­aki Hi­tose and IHI Cor­po­ra­tion CEO Tsu­gio Mit­suoka.

Malaysia, Na­jib said, has ben­e­fited from the strong pres­ence of the Ja­panese in the coun­try for many years with their in­vest­ments of ap­prox­i­mately US$27 bil­lion (RM127.4 bil­lion), which had cre­ated over 350,000 jobs.

In 2015, Ja­pan was Malaysia’s fourth largest trad­ing part­ner glob­ally and con­tin­ues to be the largest for­eign in­vestor in the man­u­fac­tur­ing sec­tor with more than 1,400 Ja­panese com­pa­nies cur­rently op­er­at­ing in Malaysia. – Ber­nama

Na­jib is wel­comed by Ja­panese Prime Min­is­ter Shinzo Abe prior to a meet­ing at Abe’s of­fi­cial res­i­dence in Tokyo.

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