Malaysian PM takes home Usd 4.23 billion worth of Deals after 2nd Visit to China in 2023

The Malaysian Insight: Malaysia, China ink deals worth RM19.84 billion

Chinese and Malaysian Companies signed a total of Myr 19.84 billion (Usd 4.23 billion) worth of Joint Ventures during the visit of Malaysian Prime Minister Anwar Ibrahim to Nanning, China recently. These are broken down to as follows:

 

* Citaglobal Bhd and Shanghai Sus Environment Deal for the construction of Waste to Energy Power Plants mainly in Malaysia worth Myr 15 billion (Usd 3.19 billion)

* PM Access World and Beibu Gulf Port Group for Warehousing and Logistics Cooperation between Guangxi and Malaysia worth Myr 2.34 billion (Usd 500 milllon)

* Sime Darby Oils International Limited and Guangxi-Beibu Gulf International Port Group for the construction of a Trade and Distribution Center for Palm Oil and Shortening in Qinzhou worth Myr 2.5 billion (Usd 530 million) which will have an annual Transaction Volue of 500,000 tonnes

This was Ibrahim’s second Visit to China for this Year of 2023. Meanwhile, in the Philippines, what did it get for its “Strategic Partnership” with the United States (US)? ‘Laspaging Pinaglumaang mga Barko’ (Well-used, Secondhand Boats) and Cessnas given only one-at-a-time? Which Partnership is more beneficial to Malaysia/Philippines, ‘aber’? 

SOURCE: Malaysia, China ink deals worth RM19.84 billion {Archived Link}

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