Malaysia To Draw US$59.88 Billion Investment With AEC: Minister

TANGKAK (Johor, Malaysia), Nov 24 (Bernama) -- Malaysia is expected to attract at least US$59.88 billion (RM200 billion) or 10 per cent of the total investment in Asean countries with the implementation of the Asean Economic Community blueprint next year, says International Trade and Industry Deputy Minister Hamim Samuri. "With the implementation of the AEC, agreed to in 2007, Malaysia will also benefit from a market of 620 million people in the Asean countries," he told reporters after the presentation of Quality Environment Practices (QE/5S) certification by the Malaysian Productivity Corporation here Sunday. Hamim said with the AEC harmonising and standardising intra-reginal import and export procedures, government agencies and the private sector need to improve their competitiveness in order to attract investors through QE/5S practices. Twelve organisations took part in a QE/5S training programme from April to October aimed at reducing wastage. --BERNAMA