News

Visit by US Embassy Economic Officers

Wednesday, 27th June 2018

The above visit discussed current economic issues on the Belt and Road Initiative (BRI) with reference to Malaysia. BRI has received much attention especially in relation to its impact on the financial, socio-economic, and political issues in the country. Ms Chin Yim Leng from the Centre for Maritime Economics and Industries believed that a comprehensive policy for the implementation of the initiative in Malaysia would be useful and that, where feasible, it would be in the country’s interests to coordinate economic development strategies for BRI projects. Extensive stakeholder consultations should be undertaken to minimise potential risks associated with loan payments for these large-scale infrastructure development.

Mr J. William Wade and Ms Duden Victoria Freeman from the US Embassy highlighted that priority should be given to local companies in obtaining sub-contracting job opportunities from BRI projects. Moreover, these projects should be transparent in presenting the true and actual benefits of the initiative that could contribute to the nation. A fair and regulated procedure for all of the tenders and reciprocal markets to access the spectrum of the initiative is important, as a measure to overcome allegations of corruption in any direct negotiation of BRI projects . Also of general importance is proactive communication between the projects initiators and the public on the contracts awarded over the implementation and operational phases.

As the BRI intended projects in Malaysia are generally still in its early stages of implementation, positive outcomes for Malaysia could be derived provided thorough benefit and risk assessments are conducted prior to a decision to proceed with a project.

Overall, the meeting provided a fruitful sharing of perspectives among participants.

1011

Group photograph after the meeting

Latest News

Thumbnail Program at MIMA, Kuala Lumpur16th May 2019 MIMA received a Thailand delegation from the Graduate School of Chulalongkorn University’s Maritime Administration Program. They were a band of 7 faculty...
Thumbnail Kuala Terengganu       13 May 2019 MIMA Head of the Centre for Coastal and Marine Environment (CMER), Cheryl Rita was invited as a Guest Lecturer by the School of Maritime Business and Management of the...
Thumbnail On the 22nd to 26th April 2019, the Centre for Maritime Economics and Industries Maritime Institute of Malaysia (MIMA) successfully conducted an MTCP training programme in collaboration with IORA on...



Contact Info

Address:
B-06-08, Megan Avenue II
12, Jalan Yap Kwan Seng
50450 Kuala Lumpur, Malaysia

Telephone:
(603) 2161 2960

Facsimile:
(603) 2161 4035

E-Mail:
.

Event Calendar

Tuesday, 18 June 2019 16:42

Site Visitor

0.png5.png5.png4.png6.png3.png1.png
Today512
Yesterday719
This week1231
This month12694
Total visits554631

Hit Counter

218068