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Latest News
Johor Urged To Be More Proactive In Attracting Chinese
 
News From : DagangHalal.com (20/10/2010)

BATU PAHAT: The Batu Pahat Chinese Chamber of Commerce (BPCCC) wants Johor to be more proactive and aggressive in attracting investments from China.

President Chink Poh Cheng said Johor should bank on the close relationship between Malaysia and China and the republic's emergence as a global economic powerhouse to attract more Chinese investors to the state.

He said China's acknowledgement that Malaysia was one of the top preferred foreign investment destinations for Chinese investors sent a strong signal that Chinese companies were spreading their wings internationally.

"Johor needs to move fast to attract Chinese investors or risk losing out to states like Sabah and Sarawak," he said in an interview in conjunction with BPCCC's 102nd anniversary.

Chink said Sabah was targeting Chinese investors for resource-based industries particularly in palm oil-related activities with its palm oil industry cluster in Lahad Datu.

With the Bakun Dam, Sarawak would attract more foreign interest as sufficient power supply was crucial to draw investors, he said.

Chink said other countries in the region especially Indonesia, Cambodia, Thailand and Vietnam were also aggressively courting Chinese investors.

He said Johor should review its strategies from time to time to attract more foreign direct investments including pushing the investment-related Federal Government agencies to expedite project approvals.

"Johor has a competitive edge over the other states because of its proximity to Singapore as an international leading financial centre and extensive air and shipping connectivity to all over the world," said Chink.

He said Johor could bank on the networking between BPCCC members and their business counterparts in China to attract Chinese investors, especially the small and medium enterprises, to the state.

Chink said Batu Pahat had always been strong in the food processing, furniture, textile and commodities-based manufacturing activities and should target Chinese companies to invest in these activities.

He said for the food processing industry, a halal park could be set up in Batu Pahat where Chinese companies and local partners could establish joint-venture operations.

"The halal food can be exported all over the world as the halal certification from Malaysia is like a passport to penetrate the global halal market," said Chink.

The halal food could also be exported to China's Muslim-majority regions such as Gansu, Ningxia and Xinjiang where some 20 million Muslims lived, he said.

Chink hoped Bank of China would consider opening a branch in Batu Pahat as this could encourage Chinese investors to invest here.

Bank of China currently has three branches located in Kuala Lumpur, Muar and Penang. A fourth branch is expected to open in Johor Baru by year-end.

- By ZAZALI MUSA

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