Latest news with #China-Malaysia
Daily Express
4 days ago
- Business
- Daily Express
Halal hub: Chamber reaffirms alliance
Published on: Saturday, June 07, 2025 Published on: Sat, Jun 07, 2025 Text Size: From left: Dexter Lau, Shawn Tan, Lanice Ng, Jacky Chin and Dr Gloria. Kota Kinabalu: The Malaysia-China Chamber of Commerce (MCCC) Sabah Branch reaffirmed its strategic partnership with the World Halalprenuer Council (WHC), focusing on positioning Sabah as the gateway to the China-Malaysia halal ecosystem and transforming the State into an international halal hub. MCCC Sabah President Datuk Dexter Lau said both parties recently met and agreed to translate their previous strategic engagement into concrete, collaborative frameworks. Advertisement 'We will specifically focus on bilateral halal trade, education, leadership in publications and the joint organisation of high-profile and documentation initiatives,' he said, in a statement, Friday. Lau said the chamber had appointed four committee members – First Vice President Jacky Chin, Treasurer Shawn Tan, committee member Lanice Ng and Dr Gloria Chang – as the working committee for the WHC Sabah Chapter. He expressed confidence that their appointments, along with MCCC Sabah's involvement, would greatly benefit chamber members by offering exposure and expanding visibility on the international stage through WHC's global events, publications and digital platforms. The strategic collaboration will also serve as a bridge for bilateral halal trade and investment opportunities, particularly for halalpreneurs and women entrepreneurs from China and Malaysia, especially in Sabah. Lau is confident in Sabah's strong potential to become the international halal hub for Southeast Asia, given its strategic location and access to fast-growing markets with large Muslim populations in the region. 'With continued support and encouragement from the Government in promoting international trade and investment, we believe it won't be long before our objectives materialise, and Sabah's halal trade and investment can be elevated to a new level,' he added. According to the Global Islamic Economy Index, the global halal economy is projected to reach a market value of USD7.7 trillion by 2025 – up from USD3.2 trillion in 2015 – driven by increasing demand for Shariah-compliant investments and products. Malaysia remains a global leader in the halal industry, which contributes nearly 10 per cent to the nation's GDP. The sector is expected to grow further, with halal exports valued at billions of ringgit, as the country continues to lead in halal innovation, exploring areas such as AI-driven supply chain platforms and plant-based pharmaceuticals. The largest component of Malaysia's halal economy is the food services sector, which generated approximately USD31 billion (RM128.8 billion) in revenue in 2021. This figure is forecast to rise to USD47.6 billion (RM201.02 billion) by 2025. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Malaysia Sun
28-05-2025
- Business
- Malaysia Sun
Premier Li: China, Malaysia to open new 'Golden 50 Years'
Chinese Premier Li Qiang said on Monday that China is ready to work with Malaysia to deepen exchanges and collaboration across various fields and jointly usher in a new "Golden 50 Years" for bilateral ties guided by the principles of mutual respect and trust, equality, and mutual benefit for win-win outcomes. Li made the remarks while meeting with Malaysian Prime Minister Anwar Ibrahim in Kuala Lumpur. China and Malaysia should continue expanding trade and investment cooperation with a focus on cutting-edge areas, including the digital economy, the green economy and artificial intelligence, Li said, adding that both countries should promote the integrated development of production and supply chains, value chains, etc., steadily advance the construction of key projects such as "Two Countries, Two Parks" and the East Coast Rail Link, and strengthen the economic growth engine of the China-Malaysia community with a shared future. The Chinese premier also said China is willing to work with Malaysia to implement the mutual visa exemption agreement, deepen cultural, educational, health, sports, and other people-to-people exchanges and cooperation, and strengthen the emotional bonds between the peoples of the two countries in building a China-Malaysia community with a shared future. Noting unilateralism and protectionism are on the rise, Li said as participants in and beneficiaries of economic globalization, China, the Association of Southeast Asian Nations (ASEAN), and the Gulf Cooperation Council (GCC) countries should enhance coordination and jointly uphold open regionalism and true multilateralism. Li added that the convening of the upcoming ASEAN-China-GCC Summit is of particular significance. Noting Malaysia is the ASEAN Chair and host country of this trilateral summit, Li said China stands ready to work closely with Malaysia to leverage this summit as an opportunity to advance trilateral economic cooperation, establish a model for global development partnership, jointly safeguard free trade and the multilateral trading system, address global challenges in concert, and inject more stability, certainty and positive energy into this turbulent world. For his part, Anwar said China is Malaysia's good neighbor and trusted partner. Malaysia stands ready to work hand in hand with China to continuously expand trade and investment cooperation, scale up flagship projects, including the "Two Countries, Twin Parks" and East Coast Rail Link, and broaden collaboration in areas including new energy, finance, natural resources and artificial intelligence, Anwar said. He added that Malaysia firmly upholds multilateralism and supports China's accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership. Malaysia looks forward to working with China to ensure that the inaugural ASEAN-China-GCC Summit yields fruitful outcomes, Anwar said. (With input from Xinhua) Source: CGTN
Malaysia Sun
27-05-2025
- Business
- Malaysia Sun
Daily World Briefing, May 27
China to jointly usher in new "Golden 50 Years" for bilateral ties with Malaysia: Premier Chinese Premier Li Qiang said Monday that China is ready to work with Malaysia to deepen exchanges and collaboration across various fields, and jointly usher in a new "Golden 50 Years" for bilateral ties guided by the principles of mutual respect and trust, equality and mutual benefit for win-win outcomes. Li made the remarks when meeting with Malaysian Prime Minister Anwar Ibrahim. Recalling that Chinese President Xi Jinping paid a state visit to Malaysia last month, Li said that both sides agreed to build a high-level strategic China-Malaysia community with a shared future and mapped out the strategic direction for the development of bilateral relations. China is willing to work with Malaysia to implement the important outcomes of this historic visit, he said. Trump threatens to send Harvard grant money to trade schools U.S. President Donald Trump on Monday threatened to divert billions in grant dollars away from Harvard University and give those funds to trade schools across the United States, escalating his clash with the elite institution. "I am considering taking Three Billion Dollars of Grant Money away from a very antisemitic Harvard, and giving it to TRADE SCHOOLS all across our land," Trump said in a post on social media. "What a great investment that would be for the USA, and so badly needed!!!" The Trump administration has already moved to freeze funding and block Harvard's ability to enroll international students in an intensifying battle over what the president has cast as a failure by the Ivy League university and others to crack down on antisemitism. Harvard is the oldest and richest U.S. university with a 53 billion U.S. dollars endowment. EU pledges to strike trade deal with U.S. amid tariff twists The European Commission remains "fully committed" to reaching a trade deal with the United States amid tariff twists, according to a senior European Union (EU) official. In a Monday post on social media platform X, European Commissioner for Trade and Economic Security Maros Sefcovic wrote: "The European Commission remains fully committed to constructive and focused efforts at pace towards an EU-US deal," adding that Brussels would continue to stay in constant contact with Washington. His remarks followed his calls with U.S. Commerce Secretary Howard Lutnick and U.S. Trade Representative Jamieson Greer. Tensions flare as Israeli ultranationalists march through East Jerusalem Crowds of young far-right Israeli activists attacked Palestinians in East Jerusalem's Old City on Monday as they marched through the narrow streets to mark Israel's occupation of the eastern part of the city. The annual event, known as the "Flag March," drew mainly ultranationalist religious Jewish youths who waved Israeli flags and blew horns as they passed through the Old City's Muslim Quarter on their way to the Western Wall. Videos posted on social media showed dozens of Israeli participants chanting "Death to Arabs," "May your village burn," and "Revenge," while pushing, insulting, and spitting at Palestinian men and women. The parade was held under heavy police presence, with "thousands" of police officers, Border Police troops, and volunteers securing the event, according to a police statement. Intense tornado whips southern Chile, damaging 250 homes Chile's President Gabriel Boric was set to travel Monday to the southern city of Puerto Varas after an unusually strong tornado whipped through the town Sunday, injuring 19 people, damaging over 250 homes, and knocking down power lines and trees. The intense tornado surprised the 45,000 residents of the city located at the edge of Lake Llanquihue, close to numerous volcanoes. Following the incident, Boric announced the government will take emergency measures to expedite the survey of damage to homes and property, and said "various state agencies are collaborating in the removal of debris." Dozens injured after car drove into crowd at Liverpool parade Dozens of people, including four children, were injured after a car ploughed into a crowd celebrating Liverpool Football Club's Premier League victory in the British city, emergency services said on Monday. A total of 27 people were taken to hospital, and two suffered serious injuries, including one child, the North West Ambulance Service said. The incident is not being treated as terrorism, Assistant Chief Constable Jenny Sims told a press conference. A 53-year-old British man has been arrested and is believed to be the driver of the vehicle, according to police.
Malaysia Sun
27-05-2025
- Business
- Malaysia Sun
2nd LD Writethru: Chinese premier says China to jointly usher in new
KUALA LUMPUR, May 26 (Xinhua) -- Chinese Premier Li Qiang said Monday that China is ready to work with Malaysia to deepen exchanges and collaboration across various fields, and jointly usher in a new "Golden 50 Years" for bilateral ties guided by the principles of mutual respect and trust, equality and mutual benefit for win-win outcomes. Li made the remarks when meeting with Malaysian Prime Minister Anwar Ibrahim. Recalling that Chinese President Xi Jinping paid a state visit to Malaysia last month, Li said that both sides agreed to build a high-level strategic China-Malaysia community with a shared future and mapped out the strategic direction for the development of bilateral relations. China is willing to work with Malaysia to implement the important outcomes of this historic visit, he said. Li noted that China is willing to maintain close high-level exchanges with Malaysia, enhance strategic communication, and consolidate the foundation of political mutual trust for the China-Malaysia community with a shared future. He urged the two sides to continue expanding trade and investment cooperation with a focus on cutting-edge areas, including the digital economy, the green economy and artificial intelligence, promote the integrated development of industrial and supply chains and value chains, and steadily advance major projects such as the "Two Countries, Twin Parks" and the East Coast Rail Link, so as to strengthen the economic growth engine of the China-Malaysia community with a shared future. China is ready to implement well the mutual visa exemption agreement with Malaysia, deepen people-to-people and cultural exchanges and cooperation in culture, education, health, sports and other fields, and strengthen the people-to-people bond of the China-Malaysia community with a shared future, Li said. He also urged the two sides to organize well Confucian-Islamic civilizational dialogue, among other activities, and jointly build a platform for cultural exchanges not only between the two countries but also across the region. In the face of rising unilateralism and protectionism and a sluggish global economic recovery, China, the Association of Southeast Asian Nations (ASEAN) and the Gulf Cooperation Council (GCC) countries, all participants in and beneficiaries of economic globalization, should enhance coordination and jointly uphold open regionalism and true multilateralism, Li said. He noted that the convening of the ASEAN-GCC-China Summit carries special significance. Noting that Malaysia is both the rotating chair of ASEAN and the host of the trilateral summit, Li said that China is ready to work closely with Malaysia to take the event as an opportunity to push for closer economic cooperation among the three sides, build a model of global cooperation and development, jointly safeguard free trade and the multilateral trading system and address global challenges together, so as to contribute greater stability, certainty and positive energy to a turbulent world. For his part, Anwar noted that China is a good neighbor and partner of Malaysia. Xi's historic visit to Malaysia last month was a great success, he said, adding that Malaysia stands ready to work with China to fully implement the outcomes of that visit, further expand cooperation in trade and investment, scale up key projects such as the "Two Countries, Twin Parks" and the East Coast Rail Link, and broaden cooperation in areas such as new energy, finance, resources, artificial intelligence and people's livelihood. Malaysia firmly supports multilateralism and China's accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, he said. Anwar said his country is ready to work with China to ensure fruitful outcomes of the inaugural ASEAN-GCC-China Summit.
Malaysia Sun
27-05-2025
- Business
- Malaysia Sun
1st LD: Chinese premier says China to jointly usher in new
KUALA LUMPUR, May 26 (Xinhua) -- Chinese Premier Li Qiang said Monday that China is ready to work with Malaysia to deepen exchanges and collaboration across various fields, and jointly usher in a new "Golden 50 Years" for bilateral ties guided by the principles of mutual respect and trust, equality and mutual benefit for win-win outcomes. Li made the remarks when meeting with Malaysian Prime Minister Anwar Ibrahim. Recalling that Chinese President Xi Jinping paid a state visit to Malaysia last month, Li said that both sides agreed to build a high-level strategic China-Malaysia community with a shared future and mapped out the strategic direction for the development of bilateral relations. China is willing to work with Malaysia to implement the important outcomes of this historic visit, he said. Li noted that China is willing to maintain close high-level exchanges with Malaysia, enhance strategic communication, and consolidate the foundation of political mutual trust for the China-Malaysia community with a shared future. He urged the two sides to continue expanding trade and investment cooperation with a focus on cutting-edge areas, including the digital economy, the green economy and artificial intelligence, promote the integrated development of industrial and supply chains and value chains, and steadily advance major projects such as the "Two Countries, Twin Parks" and the East Coast Rail Link, so as to strengthen the economic growth engine of the China-Malaysia community with a shared future. China is ready to implement well the mutual visa exemption agreement with Malaysia, deepen people-to-people and cultural exchanges and cooperation in culture, education, health, sports and other fields, and strengthen the people-to-people bond of the China-Malaysia community with a shared future, Li said. He also urged the two sides to organize well Confucian-Islamic civilizational dialogue, among other activities, and jointly build a platform for cultural exchanges not only between the two countries but also across the region. In the face of rising unilateralism and protectionism and a sluggish global economic recovery, China, the Association of Southeast Asian Nations (ASEAN) and the Gulf Cooperation Council (GCC) countries, all participants in and beneficiaries of economic globalization, should enhance coordination and jointly uphold open regionalism and true multilateralism, Li said. He noted that the convening of the ASEAN-GCC-China Summit carries special significance. Noting that Malaysia is both the rotating chair of ASEAN and the host of the trilateral summit, Li said that China is ready to work closely with Malaysia to take the event as an opportunity to push for closer economic cooperation among the three sides, build a model of global cooperation and development, jointly safeguard free trade and the multilateral trading system and address global challenges together, so as to contribute greater stability, certainty and positive energy to a turbulent world.
