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The Malaysia-International Chinese Business Forum (MICBF), held from 1-3 December with the theme “Forging Connectivity, Sharing Prosperity”, attracted more than 700 local and foreign business leaders. The main objectives of MICBF were to:
• promote Malaysia as the preferred destination for foreign investment; and
• facilitate investment partnership in promoted activities and projects.
MITI Minsiter officiated the forum and led a special dialogue session with participants from China, Hong Kong, Taiwan and Singapore. It must be noted that Malaysia’s trade with these four economies amounted to US$92.6 billion in 2009 , making up one third of the country’s total trade .
Among the issues discussed include improving the implementation of Malaysian foreign labour policy, visas for expatriates and foreign professionals and investment in Terengganu and East Malaysia. The outcome of the forum also suggested that the Malaysia has been under promoted in these economies.
The investors also showed keen interest in a solar cell project in Malacca , an aquaculture project in Tanjung Manis Halal Park, Sarawak , a floriculture project near KLIA and the KL-Singapore express rail project.