KUALA LUMPUR, Sept 18 — Malaysia has secured its second batch of investment commitments from China this year as the Unity Government led by Prime Minister Datuk Seri Anwar Ibrahim proactively seeks investment opportunities to benefit the nation.
Of the three MOUs, the first one with an estimated value of RM15 billion was exchanged between Citaglobal Bhd and Shanghai Sus Environment, in which both companies would explore collaborating to develop waste-to-energy power plants, primarily in Malaysia. “I suppose it will open more opportunities for Malaysian businesses, perhaps through technology transfers that would help diversify our RE portfolio,” Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid told Bernama.
Sharing a similar view, the Malaysian Palm Oil Board hailed the MOU as good news for the palm oil industry.