KUALA LUMPUR: Malaysia is poised to receive a massive boost to its economy following China's commitment to invest a record RM170bil, says an analyst.
SPI Asset Management managing director Stephen Innes said as Malaysia already has very strong trade ties with China with investment flow especially into green energy and digital economy, these new investments would push for greater job creation, namely for future graduates that are struggling to find suitable paying jobs.
Meanwhile, Pacific Research Center of Malaysia principal adviser Oh Ei Sun echoed similar views on creating more jobs with the hope that the jobs that would be created would be local jobs especially in the high technology and green technology sectors and others. "For example, China's businesses can expect a so-called one-stop service centre, where they do not need to go different government offices to secure permits and licences and so on in one go.
"We need to do our part in making sure the ease of doing business is there, they, meanwhile, will need to fulfil their commitments to us," said Oh.
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