Johari: Malaysia to welcome more investments from Thailand

Greater investments would also pave the way for the greater integration of the regional grouping’s economic aspiration


Malaysia is seeking more investments from Thailand as part of the benefits of the Asean Economic Community (AEC), said Finance Minister II Datuk Seri Johari Abdul Ghani.

Johari, who just returned from leading a business delegation of government officials and members of the Kuala Lumpur Business Club (KLBC) to Bangkok, said greater investments would also pave the way for the greater integration of the regional grouping’s economic aspiration.

“We had a fruitful discussion with the Thai prime minister and his officials, who were informed that Malaysia will always welcome more Thai investments in Malaysia. The strengthening of the bilateral ties also bodes well with the overall spirit of Asean’s integration,” he said in a statement.

Johari said trade between Malaysia and Thailand totalled more than US$20 billion (RM83.86 billion) last year, which is testament to the strong economic cooperation between the two countries.

He said the AEC would strive to open up the markets further, creating more opportunities, removing trade barriers and increasing the meaningful participation of local players at the global and regional levels.

KLBC president Tengku Datuk Seri Zafrul Aziz Tengku Abdul Aziz said the club was pleased to facilitate this opportunity for top corporate leaders from both countries to share, explore and discuss more business prospects.

A business forum last week was jointly organised by the Asian Leadership and Strategy Institute (Asli), Malaysia-Thailand Business Council, and the Thailand-Malaysia Business Council as part of the trade visit.

Delegates who attended the forum shared their insights on expanding Malaysia-Thailand trade ties, the challenges and opportunities afforded by Asean’s growing economic clout and how China’s ambi- tious Belt and Road initiative would shape the new global economy and set Asean countries on a more dynamic growth trajectory.

The business mission also included private meetings with Thai corporate leaders, as well as visits to the Stock Exchange of Thailand and the Investory, which is the first Investment Discovery Museum in Thailand.