NOVEMBER 2023 PRESIDENT’S MESSAGE

November 2023 President’s Message

 

China (Yunfu- Guangdong) RCEP Industrial Cooperation Conference

 

I had the honour of speaking at the China (Yunfu-Guangdong) RCEP Industrial Cooperation Conference held on 8 November 2023 in Yunfu City, Guangdong, China. With the aim of exploring and further strengthening the economic ties between our great countries, fellow delegates were given some insights into Malaysia’s economic development, the vast business opportunities it offers, and our commitment to cooperation in trade, investment, and technology.  

 

The Regional Comprehensive Economic Partnership (RCEP) has certainly made an impact in spurring Malaysia’s growth and development particularly in the construction sector. The RCEP brings ASEAN closer to its main trading partners which is particularly strategic for Malaysia given that China has been Malaysia’s largest trading partner since 2009.

 

We also believe that Malaysia has a very strategic position for foreign investors to start their regional business. We form the perfect gateway for these investors to venture into other ASEAN countries especially with a matured legal system and logistics ecosystem in place.  Moreover, we are renowned for our business-friendly policies, efficient regulatory framework, and our commitment to fostering an environment conducive to investment and innovation.   In the realm of technology, we are eager to explore partnerships that will drive digitalization and innovation. Malaysia has been actively nurturing a thriving tech ecosystem, with a particular focus on industries like fintech, biotechnology, and artificial intelligence.

 

So, we invite Chinese businesses to join us on this journey, where our combined expertise can unlock new possibilities and propel our nations towards economic development, technological advancement, and sustainable growth.

 

CIDB Fellowship Awards 2023

 

I was honoured to be joined by Court of Appeal Judge, YA Dato’ Lim Chong Fong and MBAM Vice-President cum Executive Director of Gamuda Engineering Sdn Bhd, Dato’ Ubull Din Om to be among the 20 distinguished players celebrated at the CIDB Fellowship Awards 2023.

 

This award is another significant milestone for MBAM as the Construction Industry Development Board Malaysia recognises the association’s continuous contribution to the development and advancement of the construction industry.

 

Oliver HC Wee

MBAM President

 

 

 

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