Malaysia, China sign three MOUs worth nearly RM20bil

Photo: Bernama

NANNING: Malaysia and China have inked three memoranda of understanding (MOUs) worth RM19.84bil.

The first MOU, worth RM15bil, was inked between Citaglobal Bhd and Shanghai Sus Environment on exploring the potential collaboration for developing waste to energy power plants primarily in Malaysia.

ALSO READ: M'sia recorded RM132.6bil in approved investments for first half of 2023, says Tengku Zafrul

The second MOU worth RM2.34bil was signed between PM Access World and Beibu Gulf International Port Group, which will be on warehousing and logistics cooperation between the two companies in supporting the New International Land-Sea Trade Corridor to promote economic and trade cooperation between Guangxi and Malaysia.

The last MOU, worth RM2.5bil, was inked between Sime Darby Oils International Limited and Guangxi Beibu Gulf Port Group to build a trading and distribution centre for refined palm oil and shortening in Qinzhou, with an estimated annual transaction volume of 500,000 tonnes.

ALSO READ: Asean-China free trade talks crucial for post-pandemic recovery, says PM

The signing of the MOUs was witnessed by Prime Minister Datuk Seri Anwar Ibrahim, who was accompanied by Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz, Deputy Agriculture and Food Security Minister Chan Foong Hin, Local Government Development Minister Nga Kor Ming and Deputy Foreign Affairs Minister Datuk Mohamad Alamin.

ALSO READ: Anwar's second China visit likely to spin-off more investments, says Rafizi

Anwar is currently in Nanning, China, for a one-day working visit to the 20th China-Asean Expo (CAExpo) and the China-Asean Business and Investment Summit (Cabis).

Anwar is expected to deliver a press conference in Nanning after separate closed-door meetings with the China Communications Construction Company (CCCC) and Huawei, respectively.

The Prime Minister will return to Kuala Lumpur on Sunday (Sept 17) to attend the ongoing Parliament session on Monday (Sept 18).

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

Anwar Ibrahim , China , MOU , RM20bil , Investments , Partnerships


Next In Nation

Tengku Zafrul to explain drop in Malaysia's competitiveness ranking
Health Ministry to table Medical Act amendment at upcoming Parliament session
Woman jailed for concealing birth of foetus in Johor Baru
Sabah Energy Commission reminds bidders of RFP deadline for Large-Scale Solar Project
JB factory operator claims trial to deadly DUI charge
Health Ministry launches healthcare license platform
Perak Hotel Enactment to be fully enforced from July 1 next year, says state exco rep
Local council told to prioritise upgrades to Seremban Lake Gardens facilities
Sg Bakap polls: Several roads to be closed for nomination process
Sg Bakap polls: Voters need representative who can lead towards holistic improvement, says Fadhlina

Others Also Read