Egypt's health min. inks deal with eFinance to launch nationwide e-payment system    Egypt backs Sudan sovereignty, urges end to El-Fasher siege at New York talks    Egyptian pound weakens against dollar in early trading    Egypt's PM heads to UNGA to press for Palestinian statehood    As US warships patrol near Venezuela, it exposes Latin American divisions    More than 70 killed in RSF drone attack on mosque in Sudan's besieged El Fasher    Al-Wazir launches EGP 3bn electric bus production line in Sharqeya for export to Europe    Egypt, EBRD discuss strategies to boost investment, foreign trade    DP World, Elsewedy to develop EGP 1.42bn cold storage facility in 6th of October City    Global pressure mounts on Israel as Gaza death toll surges, war deepens    Cairo governor briefs PM on Khan el-Khalili, Rameses Square development    El Gouna Film Festival's 8th edition to coincide with UN's 80th anniversary    Cairo University, Roche Diagnostics inaugurate automated lab at Qasr El-Ainy    Egypt expands medical, humanitarian support for Gaza patients    Egypt investigates disappearance of ancient bracelet from Egyptian Museum in Tahrir    Egypt launches international architecture academy with UNESCO, European partners    Egypt's Sisi, Qatar's Emir condemn Israeli strikes, call for Gaza ceasefire    Egypt's Cabinet approves Benha-Wuhan graduate school to boost research, innovation    Egypt hosts G20 meeting for 1st time outside member states    Egypt to tighten waste rules, cut rice straw fees to curb pollution    Egypt seeks Indian expertise to boost pharmaceutical industry    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egyptian, Ugandan Presidents open business forum to boost trade    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Malaysia, Philippines look to boost investment
Bikya Masr Published in Bikya Masr on 16 - 05 - 2012

KUALA LUMPUR: Malaysia and the Philippines are looking to increase their economic relationship and announced plans to hold the first Philippines-Malaysia Investment Partnership Forum on May 29.
The forum aims to boost trade and business between the two Asian countries, the Philippines Embassy in Kuala Lumpur said on Tuesday.
The embassy said in a press release that the forum aims to “bring together various business leaders from the Philippines and Malaysia to exchange ideas on how to further enhance economic and investment relations, including tourism and its infrastructure, mass housing, real estate development, business process outsourcing/information technology services, logistics and supply chain, transportation, Islamic banking/finance, energy/electricity, as well as agro-business.”
Philippines Vice-President Jejomar C. Binay plans to travel to Kuala Lumpur to give the keynote address for the forum, and Malaysian Minister of International Trade and Industry Mustapa Mohamed will also give his remarks.
Some 34 chief executive officers from leading Philippine companies are expected to take part in the forum. Officials from the Philippine Stock Exchange, the Philippine Chamber of Commerce and Industry, and other Philippine chambers of commerce are also expected to be present during the event.
“The investment forum is a perfect opportunity to further strengthen Philippine-Malaysia economic partnership, which has been improving in leaps and bounds. Bringing our respective business sectors together is expected to herald a sea change in bilateral relations, particularly in terms of boosting trade and investments between our two countries,” said J. Eduardo Malaya, Philippines ambassador to Malaysia.
In 2011, Malaysia was the Philippines' ninth largest trading partner, with total trade amounting to $3.7 billion, while it was the Philippines' 11th largest export and 8th largest import market.
Total Philippine exports to Malaysia in 2011 were valued at $1 billion, while imports from Malaysia during the same year amounted to $2.6 billion.

Clic here to read the story from its source.