Rescheduled from August 8
AmCham is honored to host Mr Yap Wei Sin, Malaysia's Consul General to Hong Kong and Macau, who will provide a briefing on his country's economic and trade prospects.
Malaysia received a record 21.7 billion ringgit (US$5.3 billion) of foreign direct investment in the first quarter of this year, almost double the amount from a year earlier, as a slew of positive economic indicators shone through the gloom of US-China trade tensions to highlight the continued growth and opportunity the country and wider region offer. Tourist arrivals hit a two-year high, the current account surplus jumped 51 percent from the previous quarter, and GDP rose 4.5 percent. On top of all this, Malaysia will take over as host of APEC next year, with a focus on delivering more inclusive and sustainable growth, driving the digital economy and greater regional economic integration.
But even with this positive backdrop, the Malaysian stock market is still negative year to date as investors take a wait and see approach on whether the new government can implement structural reforms and turn around the economy.
As for Hong Kong: the city's importance as a financial and commercial hub not just for China but for the entire region is well-illustrated by Malaysia. Hong Kong accounted for almost a fifth of last year's net FDI flows, and remained the biggest source of funds from Asia as investors focused on the country's services sector. At year's end, Singapore, Japan and Hong Kong were the top sources for FDI position.
First 15-20 minutes is for networking
Sandwiches and beverages included
Hosted by the Trade & Investment Committee