Penang MCA will set up a Belt and Road Center at its headquarters this June 3.
In announcing this, Penang MCA chairman Tan Teik Chong said they hope the center will become a bridge between Malaysia and China to further assist Penang businessmen and guide those from China to invest in the state.
Tan said he began exploring the Belt and Road initiative after the establishment of a new Penang MCA leadership.
This, he said was to strengthen and promote the project’s development as well as to assist and guide businessmen, in efforts to boost Penang’s economy.
“We hope that after the establishment of this center, we will be able to do more matchmaking. Businessmen will learn better advice through this channel and master the whole concept of Belt and Road,” Tan said recently, informing that the center will be headed by Penang MCA PRC Affairs Committee Chairman Koay Kar Huah.
Koay will be assisted by Loo Kay Thye as his deputy and Tan Lee Huat as the secretary.
“We will also appoint an advisory panel after the establishment of the center. Penang business leaders, including entrepreneurs who have been investing in China in the past, as well as China’s business leaders will be invited to join the panel.”
Tan added that there will be full-time staff at the Penang Center who will be in close contact with the MCA Belt and Road Center and International Liaison Department of the central committee of the Communist Party of China (CPC).
“After the establishment, we will visit the China enterprises who invest in Malaysia, arranging matchmaking with local companies to grasp the business opportunities through the network.”
Tan said after he became the chairman of Penang MCA, he met with the Consul General of China in Penang, Wu Jun and China’s ambassador to Malaysia Huang Huikang to discuss the Belt and Road initiative and China’s investment in Penang.
While Penang is not listed as one of the locations of the top 10 of China’s investment in Malaysia, Tan said this does not mean there is no investment from China in the state.
He added that there is still room for development and in view of that, he believes that the Belt and Road Center in Penang is timely.