Business

M’sia-Japan ties strategic and precious: ambassador

Land of the Rising Sun now expanding from traditional focus on electrical and electronics to highly-value added manufacturing and service sectors, says diplomat

Updated 5 years ago · Published on 24 Feb 2021 11:42AM

M’sia-Japan ties strategic and precious: ambassador
Japan will spare no effort to encourage more of its own investment to support the Malaysian government’s efforts to enhance productivity, says its ambassador to Malaysia Hiroshi Oka. – Finance Ministry pic, February 24, 2021

KUALA LUMPUR – Bilateral ties between Malaysia and Japan are strategic and of precious value, said Japanese ambassador to Malaysia Hiroshi Oka.

The list of cooperation between both nations is boundless and enormous strides have been achieved, thanks to Malaysia’s Look East Policy, he said in a speech broadcast online in conjunction with Japan’s National Day celebration.

He said robust trade and investment under the policy had been the driving force in the bilateral relations with about 1,500 Japanese companies in Malaysia creating 340,000 jobs in the manufacturing sector alone.

Japan, the top investor in Malaysia in 2019, was now expanding from the traditional focus on electrical and electronics to highly-value added manufacturing such as medical equipment and service sectors like digital, halal industry and logistics.

“We will spare no effort to encourage more investment from Japan to support the Malaysian government’s efforts to enhance productivity,” he said.

Another key area of cooperation is education and human capacity and since the launch of the Look East Policy nearly 40 years ago, about 27,000 Malaysians have benefited from further studies in Japan.

“Once back in Malaysia, they have been playing significant roles at the forefront of every field and given unique strength to the foundation of our close ties,” he added.

Oka also spoke at length about cooperation in overcoming challenges posed by the Covid-19 pandemic with Japan providing various forms of support to the Malaysian people.

These included the supply of personal protective equipment (PPE) and other medical equipment.

It is also supporting the establishment of the Asean Centre for Public Health Emergencies and Emerging Diseases to help Asean countries develop their capacity to cope with infectious diseases.

For both purposes, Japan had contributed US$60 million (RM242.47 billion) while another contribution worth US$300 million had been committed to support the development and global distribution of the Covid-19 vaccines. – Bernama, February 24, 2021

Related News

Opinion / 4w

The last dredge

Opinion / 1mth

Modernity beyond the West? What Saudi Arabia is really testing

Malaysia / 4mth

Japan reaffirms commitment to regional stability at ASEAN observer team equipment handover ceremony

Off beat / 6mth

Russia and Malaysia to continue advancing cooperation, says ambassador

Malaysia / 6mth

India, Malaysia will discuss trade pact review during Modi's visit

Malaysia / 8mth

Malaysia has positioned itself as a stable, constructive middle power under Anwar’s leadership, says Japanese ambassador

Spotlight

Malaysia

Desa ParkCity deaths: Netizens voice concern, call for increased enforcement, crackdowns on scammers

Malaysia

Seven Yemenis arrested over dangerous stunt on KL road

Malaysia

UMNO gives state leaders mandate to negotiate electoral pacts

Malaysia

Sultan Selangor warns against greed, abuse of trust

By Alfian Z.M. Tahir

Malaysia

Form Six students to get allowance from 2027

Malaysia

Desa ParkCity deaths: Wife believed to be victim of love scam, say cops

Malaysia

Saravanan's letter will be referred to MACC, relevant authorities - PM Anwar

Malaysia

Thirteen arrested after teen girl dies in suspected gang-related road attack in Kulai

You may be interested

Business

Petronas revenue jumps 15% to RM152.4b as energy investments lift first-half earnings

Business

Property developer, Matrix Concepts sets RM1.8b FY2027 sales target

Business

Oil prices fall as Hormuz reopening hopes offset Iran tensions

Business

Malaysia’s international reserves stand at US$132.07b in July

Business

ASM 2 Wawasan declares seven-year high payout of 5 sen a unit

Business

Robo.ai swings to positive equity after US$46.7m first-half profit

By Alfian Z.M. Tahir

Business

Questions over traceability of nearly 77,000 tonnes of K8 cargo at Tanjung Langsat