Dr Wee: M’sian companies urged to tap into Asean’s growing green energy, sustainable transportation sectors
16 Oct 2022
More Malaysian companies should gain a foothold in tapping the region’s lucrative sustainable transportation and renewable energy sectors, says Datuk Seri Dr Wee Ka Siong.
The call by the Transport Minister comes in light of the massive investment poured by the United States into Asean.
“Asean is the US top investment destination at US$338bil in total US foreign direct investment, surpassing their investments in China, India, Japan, and South Korea combined.
“For a region of more than 662 million people and with an economy of US$3.2tril, there are a lot of opportunities in transport and logistics development for Asean-born companies to develop and support for decades to come.
“I hope that more Malaysian companies will strike out and lodge their foothold in Asean in sustainable transportation, renewable energy development,” Dr Wee said in a Facebook post on Sunday (Oct 16).
He said that such a move would help transform Asean as a supply chain hub.
Dr Week’s observation comes following a luncheon during the 28th Asean Transport Ministers Meeting hosted by the US-Asean Business Council (US-ABC).
The event was chaired by Indonesian Transport Ministry secretary-general Novie Riyanto Rahardjo and US-ABC vice-president and regional managing director Michael W. Michalak.
The luncheon included presentations detailing trends and issues arising in transport, logistics and passenger safety within the region.
Source: The Star
