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PM to chair meeting on Chinese companies’ investments in Malaysia

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Anwar said that the matter was decided in the Cabinet meeting he chaired today, following the decision of giant Chinese companies to invest in the country. theSun theSundaily investments business discussion government China Malaysia

: Prime Minister Datuk Seri Anwar Ibrahim said that he will chair a meeting regarding the investments of Chinese companies in the country, to ensure immediate and effective action is implemented.

“We will go down to discuss with the relevant state governments which received large investments from China,” he said in a press conference, after chairing the Cabinet meeting today. “The state governments and the municipal councils should ensure that the processes are expedited, so that it does not pose a problem for the companies, however, the regulations must be fully adhered to.

Anwar said that the investment projects from China, involving Zhejiang Geely Holding Group and Rongsheng Petrochemical Co., are expected to start by May at the latest.

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