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Asean firms `must merge to compete globally` Tavivoot Chulavachana editor at large bday.net 13.3.01 ASEAN companies should form conglomerates to compete with global corporations, Dato Seri Rafidah Aziz, the Malaysian Minister of International Trade and Industry said in Bangkok yesterday. "For Asean firms to realize collective strength," she said. "Asean firms should combine to create Asean conglomerates for synergy, and to collaborate in identifying common opportunities on the global market." She said Asean governments can only do so much to steady the platform for trade, but the private sector must spearhead efforts to utilise opportunities Asean creates. "There is no point talking about globalisation if Asean small to medium enterprises aren`t big enough to go global. Discussions at the government level regarding Asean can only create a framework for the private sector," she said. Aziz said Asean economies have begun "part of the recovery," and said Malaysia`s strong GDP growth of over 8 percent in 2000 was based on the country`s currency pegging system, which left Malaysian firms, "breathing space and no currency risks." Unlike Thailand, Malaysia kept its currency pegged after the Asian financial crisis, and didn`t enter the International Monetary Fund`s rescue scheme. The country currently has no limit on foreign ownership for investment projects, but said the policy may change in the future. That, according to Aziz, has meant an influx of investment into the country. In 2000, Malaysia attracted about US$12 billion of investments, mostly from the US. On bilateral trade with Thailand, Aziz said Malaysia`s trade regime is one of the most liberal in Asean. |
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| aus der Diskussion: | Waste or make money in Thailand |
| Autor (Datum des Eintrages): | BodyG (13.03.01 08:59:18) |
| Beitrag: | 508 von 611 (ID:3086599) |
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