Indian firms keen to invest RM4b in Malaysia

Deputy Prime Minister Tan Sri Muhyiddin Yassin being briefed by VFS Global Malaysia Visa Centre employee Natasha Ambrose after he launched the centre in Aurum House Dadysheth Lane Babulnath in Mumbai yesterday. With him are (from right) Special Ambassador to India and South Asia Datuk Seri S. Samy Vellu, Sabah Chief Minister Datuk Seri Musa Aman, Human Resources Minister Datuk S. Subramaniam, Works Minister Datuk Shaziman Abu Mansor and VFS Global Business Development head Anirudh Pratap Singh (second from left)

More major Indian companies are now eyeing Malaysia as a potential investment market following the close cooperation being pursued between the governments of both countries.


MUMBAI: There has been an increasing number of major Indian companies eyeing Malaysia as a potential investment market following the close cooperation being pursued between the governments of both countries.

Deputy Prime Minister Tan Sri Muhyiddin Yassin said visits by Prime Minister Datuk Seri Najib Razak and his Indian counterpart Dr Manmohan Singh late last year had provided both with a more intimate knowledge of the investment opportunities available in the countries.

"Those whom I met today had expressed interest to either make new investments or expand the existing ones in Malaysia," he said after a roundtable discussion with Indian corporate leaders here yesterday.


Muhyiddin is leading a high-level delegation to India, where his stopover includes here, Delhi and Chennai.

The deputy prime minister said the corporate leaders were impressed with Malaysia's pro-business policies, such as the quick response to investors' needs, speedy visa and passport documentation, and the incentives for major investments.

"They were also impressed with the assistance provided by Mida (Malaysian Industrial Development Authority)."

Camerons crash: Bodies of Thai victims flown home

The bodies of 25 Thai victims of Monday's horrific bus crash have been flown back to Bangkok.

Two Royal Thai Air Force C130 aircraft left the Subang air force base near here around 5.03pm and were expected to arrive at their destination in two-and-a-half hours.

Also onboard were 28 family members of the victims, and one passenger who was hurt in the accident. Three others were sent back earlier by ambulance.

Earlier, in Ipoh, Thai Embassy officials arrived at the Raja Permaisuri Bainun Hospital mortuary at 8am to make arrangements to send home bodies of the Thai tourists killed in the bus crash along the Cameron Highlands-Simpang Pulai road.

Buddhist monks, Thai Embassy officials and family members kneeled and offered prayers before 25 coffins draped in white cloth which were arranged in two neat rows outside the mortuary.

Joss sticks and yellow chrysanthemums were also offered to the deceased.

The coffins were then loaded onto a 25-tonne trailer to be transported to the Subang air force base.


Pramualrat Phimpahu, 45, waiting to be carried into an ambulance at the Raja Permaisuri Bainun Hospital to be taken to the Royal Malaysian Air Force base in Subang(L).Areena Songserm, 19, inside an ambulance which will take her Bukit Kayu Hitam where she will be received by Haadyai Hospital officers. With her is her mother Senah Songserm.(R)

Cameron Highland Bus Crash dead 27

The bodies of 25 Thai victims of Monday’s horrific bus crash have been flown back to Bangkok.

Malaysia to issue RM3b Sukuk 1Malaysia

The Finance Ministry has announced the issuance of Sukuk 1Malaysia 2010 amounting to RM3 billion on June 21 2010. This is an additional investment instrument for Malaysian citizens aged 21 years and above.

Bank Negara Malaysia has been appointed to issue the sukuk on behalf of the government.

The sukuk will be scripless and based on Shariah principles, the Finance Ministry said in a statement.

The RM3 billion sukuk, which has a three-year tenure, offers a return of 5 per cent per annum. Sukuk 1Malaysia 2010 has a resaleable feature which provides the flexibility for investors to sell and purchase the sukuk before the maturity date.