MIBC relaunch to boost Malaysian-Indonesian business ties - Tengku Zafrul


Miti Minister Tengku Datuk Seri Zafrul Abdul Aziz

KUALA LUMPUR: The reactivation of the Malaysia Indonesia Business Council (MIBC) signifies Malaysia’s commitment to strengthen its bilateral business relationship with Indonesia, said Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.

He said the ministry expects MIBC's collaboration with the Indonesia Malaysia Business Council (IMBC) to feed into and support both nations’ policy efforts towards cultivating an environment that nurtures and enhances trade and investment flows, paving the way for both countries’ broad-based, sustainable socio-economic growth and prosperity.

Tengku Zafrul and Indonesian ambassador to Malaysia Hermono witnessed the relaunch of MIBC yesterday with Tan Sri Nazir Razak as its new chairman.

The new council comprises representatives from Permodalan Nasional Bhd, Maybank, CIMB, Kuala Lumpur Kepong, AirAsia and TheLorry.com as well as individual members. The National Chamber of Commerce and Industry Malaysia serves as MIBC's secretariat.

The council was originally set up in 2002 under a memorandum of understanding between Malaysia and Indonesia and serves as a platform for the Malaysian private sector to address and resolve challenges related to economic cooperation between both countries.

It is dedicated to fostering a positive business climate that supports existing businesses while attracting new economic opportunities between Malaysia and Indonesia.

MIBC’s Indonesian counterpart is the IMBC, chaired by Pak Eko Putro Sandjojo, formerly Indonesia’s Villages, Development of Disadvantaged Regions, and Transmigration Minister. - Bernama

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business News

Amir Hamzah: SST enhancements expected to help generate RM51.7bil revenue in 2025
Atlan to contest award compensation for compulsory land acquisition
Capital A's MRO arm receives Vietnam's Civil Aviation Authority's certification
Liew: Malaysia poised to become Asean's regional hub for EV manufacturing
Paragon Globe secures development rights for 71.52 acres in Iskandar Puteri
Solarvest's 30%-owned unit to operate as merchant generator under Neda
Ringgit extends fall against greenback ahead of US inflation data
Tiong Nam declares share dividend to reward shareholders
Guocoland expect challenges to remain for domestic property sector
Kelington posts RM33mil profit in 3Q

Others Also Read