Edited by: Sheera Abg Mansor
PUTRAJAYA: Malaysia welcomes any investments from abroad especially from Japan that will raise the skills and wages of Malaysian workers.
Quoting Finance Minister Lim Guan Eng Bernama says such investments would improve the competitiveness of the Malaysian economy through the application of new technology.
Speaking at the shareholders’ agreement signing ceremony between the Japan Overseas Infrastructure Investment Corp for Transport and Urban Development (JOIN) and Tasco Bhd here today, Lim said JOIN could be the bridge which connects Malaysian companies to other parts of the world through its global network and direct links to Japan’s largest corporations.
JOIN has acquired a 30 per cent stake in Tasco-Yusen Gold Cold Sdn Bhd, a cold chain logistics arm of Tasco, for RM125 million through the signing of the agreement.
The signing was witnessed by Lim and the Japanese Ambassador to Malaysia Dr Makio Miyagawa.