Seek investment from overseas Chinese, M’sia urged

KUALA LUMPUR: Malaysia should tap the investment capabilities of the global Chinese diaspora community that is found in 90 countries worldwide as a new source of foreign direct investments (FDIs), says Tan Sri Michael Yeoh, the chairman of the World Chinese Economic Summit as well as chief executive officer of the Asian Strategy & Leadership Institute.

He said Malaysia should not only be focused on attracting Chinese investments from Greater China, but should also now diversify its attention on the global Chinese diaspora community, which has significant investment capabilities and wealth that could contribute to the country’s economy.