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 DANIEL K. INOUYE ASIA-PACIFIC CENTRE FOR SECURITY STUDIES (DKI APCSS) 29-31 July 2019, Honolulu, Hawaii. The fifth series in the above course was attended by participants from the National Security...
Thumbnail Colombo Sri Lanka, 8-9 August 2019 Figure 1: Delegates of the First IORA WGMSS The First Meeting of the IORA Maritime Safety and Security Working Group was held by the Ministry of Foreign Affairs of...
Seafarer Day Celebration 2019
Monday, 22 July 2019
Thumbnail #IamOnBoard with Gender Equality This year’s Day of the Seafarer’s theme #IamOnBoard with Gender Equality was central to the Marine Department Malaysia’s celebration at the Maritime Transport...



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

Mon Tue Wed Thu Fri Sat Sun
5
6
7
8
9
10
11
12
13
14
15
16
17
Thursday, 22 August 2019 06:12

Site Visitor

0.png6.png0.png5.png2.png7.png6.png
Today139
Yesterday759
This week2506
This month16403
Total visits605276

Hit Counter

996430