HomeWorldAsiaMalaysia, China Sign Three Approximately RM20B MoUs

Malaysia, China Sign Three Approximately RM20B MoUs

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Malaysia and China have signed three memorandums of understanding (MoUs) totaling RM19.84 billion.

Citaglobal Bhd and Shanghai Sus Environment signed the first Memorandum of Understanding (MOU) worth RM15 billion to explore the possibility of collaborating on the development of waste-to-energy power facilities, especially in Malaysia.

The second MoU was signed between PM Access World and Beibu Gulf International Port Group for warehousing and logistics cooperation in support of the New International Land-Sea Trade Corridor to promote economic and trade cooperation between Guangxi and Malaysia.

The most recent agreement, costing RM2.5 billion, was signed by Sime Darby Oils International Limited and Guangxi Beibu Gulf Port Group to construct a trading and distribution centre for refined palm oil and shortening in Qinzhou, with an expected annual transaction volume of 500,000 tonnes.

Malaysian Prime Minister Datuk Seri Anwar Ibrahim was present at the signing of the MoUs, as were 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. Anwar is in China on a one-day working visit to the 20th China-Asean Expo and the China-Asean Business and Investment Summit.

Anwar is scheduled to hold a press conference in Nanning following closed-door discussions with the China Communications Construction Company and Huawei.

Info source – Borneo Bulletin

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