Tuesday, March 9, 2010

20100309 0954 Malaysian Economic News.

Every Malaysian will be given the opportunity to look at what is being proposed for the New Economic Model (NEM) and provide their input. Deputy Prime Minister Tan Sri Muhyiddin Yassin said no race should worry about their interest being sidelined. (The Star)

Outgoing US ambassador James Keith says there has been no let-up in investment interest between the US and Malaysia despite stalled bilateral free trade agreement (FTA) talks. He was still confident that bilateral investment would continue regardless of whether or not there was a bilateral trade agreement or broader pact like the Trans-Pacific Strategic Economic Partnership Agreement (TPP), which the US is promoting currently.
  • Malaysia stands to gain from joining the Trans Pacific Partnership (TPP) quickly as it will be well placed to negotiate better deals to boost trade volume and increase market access into the American market. 
  • Expecting Malaysia to come on board soon, Keith said the TPP, comprising eight countries, would be a high quality platform to increase market access and boost trade flows for all member countries. (BT, Bernama)

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