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The Star
09-05-2025
- Business
- The Star
Malaysia courts Europe
Business talk: Anwar welcoming the IWS and World Economic Council delegations to Putrajaya. — Photo sourced from Anwar's Facebook PETALING JAYA: Business-friendly policies and facilities that can benefit foreign investors were among topics discussed during the International Economic Senate's (Internationaler Wirtschaftssenat – IWS) visit to Malaysia, says Datuk Seri Anwar Ibrahim. The Prime Minister, who met the delegation led by IWS chairman Peter Nussbaum, said the visit was part of ongoing efforts to explore investment opportunities, particularly by German companies. The visit also included a delegation from the World Economic Council. 'We exchanged views on business-friendly policies and facilities provided by the government that can benefit foreign investors,' he said in a post on Facebook yesterday. Anwar said Germany has been Malaysia's largest trading partner among European Union (EU) member states since 2000. The IWS, established in Germany, aims to unite business leaders, entrepreneurs and policymakers with the mission of fostering sustainable economic development and responsible business practices. The World Economic Council delegation is one of the key initiatives of IWS which brings together senior business leaders, government officials and experts in various fields. Anwar said Malaysia sees greater potential following the recent announcement on the resumption of negotiations for the Malaysia-European Union Free Trade Agreement (MEUFTA). Negotiations for MEUFTA started in 2010, but stalled in 2012 following Malaysia's reservations over the EU's palm oil procurement policies, subsidies and sustainability clauses. One of the reasons for the breakdown is discrimination over palm oil, particularly claims regarding open burning and labour practices. According to the prime minister, Malaysia is in a better position now to negotiate with the EU due to its political stability and economic strength. In another post, Anwar said songstress Datuk Seri Siti Nurhaliza Tarudin can become a role model for young artistes and entertainers. The Prime Minister said this was among issues raised during a courtesy call by Siti Nurhaliza and her husband Datuk Seri Khalid Mohamad Jiwa, representing Yayasan Nurjiwa. 'We also touched on the importance of variety in arts performance, to meet the needs of the new generation and ensure the industry remains relevant,' said Anwar.
The Sun
09-05-2025
- Business
- The Sun
IWS, World Economic Council delegation open investment opportunities
KUALA LUMPUR: Prime Minister Datuk Seri Anwar Ibrahim said the presence of the International Economic Senate (IWS) and the World Economic Council delegation opens up opportunities for investment expansion, especially involving German companies in Malaysia. Through a post on his Facebook account today, Anwar said he received a courtesy call from IWS chairman Peter Nussbaum along with a delegation from the World Economic Council. 'I welcome their visit to Malaysia as a continuous initiative to explore investment expansion opportunities, especially by German companies. 'We exchanged views on the policies and business facilities by the MADANI Government that can benefit foreign investors,' he said. IWS was established in Germany to bring together business leaders, entrepreneurs and policymakers with a mission to foster sustainable economic development and responsible business practices. The World Economic Council delegation is one of the key initiatives of IWS which brings together senior business leaders, government officials and experts in various fields. Germany has been Malaysia's largest trading partner among European Union (EU) member states since 2000. In this context, Malaysia sees greater opportunities in line with the announcement of the resumption of negotiations on the Malaysia-EU Free Trade Agreement (MEUFTA) on Jan 20.
New Straits Times
08-05-2025
- Business
- New Straits Times
Melaka partners with World Economic Council to boost investment in German Technology Park
MELAKA: The Melaka state government has entered into a collaboration with the World Economic Council (WEC) to attract more investors to the German Technology Park (GTP). Melaka Chief Minister Datuk Seri Ab Rauf Yusoh said the initiative to promote the GTP was carried out through the signing of a memorandum of understanding (MoU) between Melaka Corporation (MCorp) and WEC, aimed at strengthening economic and technological cooperation between both parties. He said the investment target includes a wide range of sectors, whether from conglomerates or small and medium enterprises. "We are confident that investors will soon establish a presence at the GTP, as they are inspired by the success stories of German companies that have already invested in Melaka, some of which have been here for up to 50 years. "The existing presence of German companies and industries in Melaka provides reassurance regarding the state government's capacity and resilience in managing long-term investments, which serves as a major factor in attracting new investors," he told reporters after the MoU exchange ceremony between MCorp and WEC here yesterday. The ceremony was also attended by WEC chairman Peter Nussbaum and MCorp chief executive officer Datuk Mohd Yusof Abu Bakar. Ab Rauf said the development of the GTP, covering 196.7ha in Ayer Panas, Bemban, will position Melaka as a leading investment destination, particularly in high technology, automation, green energy, Industry 4.0, and digitalisation. He said the state government has secured approvals for all technical requirements, including the Environmental Impact Assessment (EIA), Traffic Impact Assessment (TIA), Social Impact Assessment (SIA), building plan approval, and zoning changes. "The state government has obtained all necessary technical approvals, and investors can immediately begin development work on the GTP site. "Through this collaboration with WEC, the state government is targeting approximately 30 German companies from various sectors to invest in Melaka, which is expected to generate over 10,000 job opportunities for the local population," he said. – Bernama
