HONG KONG: Datuk Seri
Najib Razak will lead a high-powered government delegation to Hong
Kong, starting tomorrow, as part of efforts to maintain Malaysia on
the radar screens of investors.
This will be his second such road show in seven months. In May,
he led a group to Singapore.
Joining the Deputy Prime Minister will be Second Finance Minister
Tan Sri Nor Mohamed Yakcop, Bank Negara Malaysia assistant governor
Lillian Leong Bee Lian, the Securities Commission executive director
for Issues & Investment Datuk Kris Azman Abdullah, Khazanah
Nasional Bhd managing director Datuk Azman Mokhtar and corporate
figures like AirAsia Bhd chief executive Datuk Tony Fernandes.
While here, Najib is scheduled to meet chief executive of Hong
Kong SAR, Donald Tsang, at the Government House.
He is also expected to have a one-on-one meeting with Hong Kong's
captains of industry and meet at least 50 top global fund managers
as well as the Malaysian community.
There are presently 16,000 Malaysians residing or studying in Hong
Kong.
ECM Libra Avenue Bhd and Credit Suisse are organising the three-day
road show.
ECM Libra executive chairman and chief executive Datuk Seri Kalimullah
Hassan said the trips are important to promote Malaysia as an investment
destination.
"This is a competitive world and everyone is doing well like
China, Vietnam and India. This means Malaysia must keep itself on
the radar screen. We should continue meeting them on a regular basis
and these roadshows will be a continuous process.
"If you don't meet them, you will be dropped off the screen.
The main point is to keep Malaysia intact (on the screen) because
other countries are aggressively promoting themselves," he
said.
Trade between Malaysia and Hong Kong has been rising over the years.
Last year, total trade between the two countries amounted to US$11.4
billion (RM38.42 billion), from US$11.1 billion (RM37.41 billion)
in 2005.
The balance of trade remained in Malaysia's favour, registering
US$4.4 billion (RM16.1 billion) in 2006 and RM5.3 billion in 2005.
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