Special advisor to Penang CM says Malaysia’s business community must adopt company-centric strategy | Malay Mail

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GEORGE TOWN, March 5 — While joining mega trading blocs may be the solution for companies hit by the repercussion of the Covid-19 pandemic, the business community must always adopt a company-centric strategy. Special investment advisor to the Penang chief minister, Datuk Seri Lee Kah Choon said...

Friday, 05 Mar 2021 06:59 PM MYT

Special investment advisor to the Penang chief minister, Datuk Seri Lee Kah Choon said the Regional Comprehensive Economic Partnership , targeted to come into effect in early 2022, is seen as a positive move for a trading nation like Malaysia. During this ratification period, Lee said it is critical for companies to prepare and strategically plan on how best to leverage the trade preferences that RCEP would deliver.

Lee said that when curating their medium or long-term plan, businesses should also consider incorporating their companies outside of Malaysia, particularly in countries that already have free trade agreements with nations that Malaysia currently do not have.

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