Malaysia's Perak State Right Entry Point Into Asia For Hungarian Corporate Sector

IPOH (Perak, Malaysia), Sept 29 (Bernama) -- Hungary considers Perak as one of the best entry points into the Southeast Asian and Asian markets for its corporate sector due to its strategic position. Its Ambassador to Malaysia, Attila Kali said Hungarian businessmen should get out from their traditional comfort zone, especially the European Union (EU), to seek more business opportunities in this region. "I think Perak can play its role to encourage us to create more bilateral trade and concrete business opportunities in this region," he told reporters after the launch of the one-day Perak-Hungary Business Seminar here Thursday. Officiated by Perak Industry, Investment and Corridor Development Committee chairman Mohammad Zahir Abdul Khalid, the seminar was aimed at enlightening the local business community on Hungary’s business climate, as well as investment opportunities in Budapest and Perak. The seminar was organised by InvestPerak, the Malay Traders and Industrialists Association of Malaysia, the International Trade and Industry Ministry, Malaysia Investment Development Authority, and Hungarian Embassy in Kuala Lumpur. Kali said Hungary was offering Perak, among others, smart city technologies that could help reduce traffic noise and provide energy-efficient lightings. "Hungary also offers technology transfer, especially in water-saving technologies, organic construction material, biomass and biofuels plants and meat-processing technology," he said. Earlier, in his speech, Mohammad Zahir said Hungarian businessmen needed to widen their business presence in ASEAN by using Malaysia as a springboard in the production and distribution of their products. He said the Perak and federal governments were committed to helping the local business community in venturing into a new market like Hungary. Despite the challenging global economic outlook, he said Perak netted investments amounted to nearly US$1.21 billion (RM5 billion), of RM3.391 billion was contributed by foreign investors, in the manufacturing sector. (US$1 = RM4.12) -- BERNAMA