KUALA
LUMPUR: Malaysian companies that invest
in other countries are not losing confidence in Malaysia but have something
extra to offer, says Minister of
International Trade and Industry Datuk Seri Mustapa Mohamed.
“Malaysian
companies have not lost confidence in our country, many big Malaysian companies have already put a lot of
money here but our country’s limited market means it is important for us to
export our talents and services abroad,”
he said.
Mustapa
was speaking at the Malaysia: Asean’s Multinational Market place session in
conjunction with Invest Malaysia 2012 here yesterday.
Some
600 Malaysian companies have spread their wings to Asean countries.
Mustapa
said companies venturing abroad brought not only their talents but also the processes which could promote the
Malaysia brand name, indirectly helping
the government’s promotion efforts.
“At the
end of the process, these companies would have well-established products, like when SP Setia goes to China
and Vietnam, they take along Malaysian
furniture, when Axiata and Maybank go to some part of Asean they take hardware
and services to those countries.
“Hence,
it is important for us to do both – to attract foreign direct investment and
for more Malaysian companies to expand their footprints to other regions.
“Although
in two to three years there might be some issues in the balance of trade, for
the medium and longer term these will bring many benefits to our country,” he
said.
On
Malaysia’s growth within Asean, Mustapa said with the good vision and various plans by the government, the country’s
strategic location as well as political
and economic stability, Malaysia was in a strong position to attract more Asean and other investors.
Bernama
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