Major shipping firm keen on investing, says Ong

News was prepared under the information support of Online Daily Newspaper on Hellenic and international Shipping "Hellenic Shipping News".

30 Jun 2009

The world’s third biggest shipping company is keen to invest in port-related ventures in the country, Transport Minister Datuk Seri Ong Tee Keat said. Speaking to reporters here, Ong said he had met with CMA Maritime in France recently and talked about investing in the shipping industry.
However, he said the recent issues relating to the Port Klang Free Zone (PKFZ) raised by DAP leader Lim Kit Siang could discourage foreign investors from setting up related ventures in Port Klang.
Lim had already read the PricewaterhouseCoopers reports on the PKFZ and yet still raised issues about the project.
“He keeps asking about the three-year-old question to which he already knew the answer,” Ong said after opening the Ledang MCA division’s annual general meeting yesterday.
Ong said Prime Minister Datuk Seri Najib Tun Razak had announced on Saturday more liberalisation policies in many sectors and as a minister he supported the move.
He said he hoped the new liberalisation policies would attract more foreign investors to set up business ventures in the country.
He said he recently met with China’s Prime Minister Wen Jiabao who pledged to import more palm oil from Malaysia and also provide soft loan facilities.
He said these developments were the result of MCA’s economic agenda planned last year and wanted all party members to know the latest progress of the agenda.
“I informed the Ledang MCA leaders about the progress as I want the grassroots to know about the results of the party’s economic agenda,” he added.

Source: The Star