Malaysia, Russia To Explore Ways To Beef Up Trade, Investment And Enable Seamless Transactions
BUSINESS
Malaysian Ambassador to Russia Datuk Cheong Loon Lai holds a press conference in conjunction with Prime Minister Datuk Seri Anwar Ibrahim's four-day official visit to Russia beginning today (May 13).
From Sharifah Hunaini Syed Ismail
MOSCOW, May 13 (Bernama) -- Malaysia and Russia will explore ways to beef up trade and investment linkages while enabling seamless transactions between them to strengthen economic ties and cooperation during Prime Minister Datuk Seri Anwar Ibrahim's visit to Russia, Malaysia's Ambassador to Russia, Datuk Cheong Loon Lai, said Monday.
'The issue of payments was also discussed when the Prime Minister visited Vladivostok (for the Kazan Economic Forum) last year. I think both sides are very much engaged in finding ways (to facilitate seamless transactions and bolster trade relations).
'Interestingly, despite the challenges, trade between the two countries has been on an uptrend. Not only with Malaysia but trade and businesses between Russia with other countries in ASEAN have also been on the rise,' Cheong said.
He cited how Russia and Vietnam have had vibrant business exchanges taking place,' he told a press conference ahead of Anwar's arrival today in the Russian capital for his official visit.
While here, the Prime Minister will meet Russian President Vladimir Putin and the country's Prime Minister, Mikhail Mishustin.
Anwar will head to Kazan in the Republic of Tatarstan on May 15 to attend the 16th International Economic Forum, entitled 'Russia-Islamic World: KazanForum'.
Cheong said Moscow has a lot to offer, especially in terms of technology.
'They are advanced in various technologies, and they have been keen to offer the expertise that they have,' he said, adding that both sides would explore ways to collaborate in these areas.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

Barnama
31 minutes ago
- Barnama
Pahang Sultan, Tengku Ampuan Grace Royal Banquet In Conjunction With AIPACODD 2025
KUANTAN, June 10 (Bernama) -- The Sultan of Pahang Al-Sultan Abdullah Ri'ayatuddin Al-Mustafa Billah Shah graced the royal banquet, held in conjunction with the 8th Meeting of the ASEAN Inter-Parliamentary Assembly Advisory Council on Dangerous Drugs (AIPACODD) 2025, at a hotel, here, tonight. Accompanying Al-Sultan Abdullah was Tengku Ampuan of Pahang, Tunku Azizah Aminah Maimunah Iskandariah. Their Royal Highnesses were greeted on arrival by AIPA president and Speaker of the Dewan Rakyat Tan Sri Johari Abdul; Pahang State Assembly Speaker Datuk Seri Mohd Sharkar Shamsudin; and other state government leaders. Upon arrival, the royal couple took time to visit a stall showcasing renowned Kain Tenun Pahang. Adding to the evening's significance, the banquet featured traditional Pahang delicacies, including patin buah bakar tempoyak and patin buah gulai tempoyak, alongside classic desserts such as puding raja and kuih pena. The dinner was held with the consent of Al-Sultan Abdullah, symbolising the royal institution's support for inter-parliamentary diplomacy, in fostering a safer and more sustainable future for ASEAN. Themed 'Uniting Parliaments for an Inclusive and Sustainable ASEAN in Addressing Contemporary Drug Challenges', the meeting began today to discuss the commitment of ASEAN member states in addressing current drug-related challenges, collectively and comprehensively, particularly on cybercrime and human trafficking issues. The meeting will continue tomorrow, with deliberations and the adoption of the official resolution, before concluding with a closing ceremony and a speech of appreciation by the representative of the Philippines, as the host of the next session. Earlier, Al-Sultan Abdullah granted Johari an audience at Istana Abdulaziz, here, and spent almost an hour discussing and exchanging views, followed by luncheon.


Malaysia Sun
an hour ago
- Malaysia Sun
Malaysia, Poland seek strengthened economic, trade ties
KUALA LUMPUR, June 10 (Xinhua) -- Malaysia is seeking strengthened economic and trade ties with Poland while reaffirming the importance of free and open trade, Malaysian Prime Minister Anwar Ibrahim and Polish President Andrzej Duda said here on Tuesday. They reaffirmed the importance of adhering to internationally accepted trade norms and multilateral engagement and cooperation, as this would be mutually beneficial, the leaders said in a joint statement during Duda's official visit to Malaysia from June 9 to 11. "The leaders reiterated their unwavering commitment to open and inclusive trade and a fair, rules-based international trading system. They strongly reaffirmed their support for the swift advancement of the Malaysia-EU Free Trade Agreement (MEUFTA) negotiations and stressed the importance of concluding the agreement at the earliest opportunity," they said. "Both sides agreed to promote balanced trade by reducing economic barriers, enhancing consultation mechanisms between relevant ministries, and fostering collaboration amongst business communities," they said, adding that friendly bilateral cooperation will facilitate cooperation in a number of new and emerging fields such as the digitalization of public services, green transition, particularly the hydrogen economy and renewable energy and the maritime economy. Anwar and Duda also agreed to cooperate on security matters, including enhancing the exchange of experiences and coordination in combating crime, including organized and international crime. Poland is Malaysia's important trading partner among EU member states. Malaysia's main exports to Poland include electrical and electronic products, rubber products and machinery, while main imports from Poland consist of machinery, equipment and spare parts, electrical and electronic products, and transport equipment.


New Straits Times
3 hours ago
- New Straits Times
Syndicate using courier services to transport subsidised cooking oil busted
BUTTERWORTH: The Domestic Trade and Cost of Living Ministry has exposed a new tactic in misappropriating subsidised cooking oil packs using courier services following a raid on a warehouse in Kampung Sungai Puyu here today. Its Penang branch director S. Jegan said 14,380 packets of 1kg subsidised cooking oil packs were seized from the warehouse, along with a lorry and other documents, with a total value of RM204,500. "Preliminary investigations found that the wholesaler used courier services to send the packs in large quantities to an address in Perlis while the packs were brought to the courier warehouse in a lorry in deliveries of twice a month," he told reporters at a media conference at the location of the raid. A man, 60, who was the driver of the lorry was arrested after he failed to provide any license, permit or documents to conduct business, to store or use the controlled item. The case is being investigated under the Control of Supplies Act 1961, he added. – Bernama