All recent MoUs signed between Malaysian and Chinese companies will be thoroughly evaluated by the MoU Evaluation Committee, comprising members from various ministries and investment agencies. Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Aziz highlighted that the evaluation process involves the Ministry of Finance checking for blacklisted companies, the Foreign Ministry assessing foreign policy impacts, and MITI analyzing the financial health of the Malaysian firms involved. Some MoUs have been rejected for not meeting criteria or lacking significant economic benefits. This thorough review is crucial as the investments total RM170 billion, with RM100.33 billion from major Chinese firms and RM69.74 billion from business-to-business MoUs.ALL MOUS BETWEEN MALAYSIA, CHINA TO BE EVALUATED IN TRANSPARENT MANNER
All recent MoUs signed between Malaysian and Chinese companies will be thoroughly evaluated by the MoU Evaluation Committee, comprising members from various ministries and investment agencies. Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Aziz highlighted that the evaluation process involves the Ministry of Finance checking for blacklisted companies, the Foreign Ministry assessing foreign policy impacts, and MITI analyzing the financial health of the Malaysian firms involved. Some MoUs have been rejected for not meeting criteria or lacking significant economic benefits. This thorough review is crucial as the investments total RM170 billion, with RM100.33 billion from major Chinese firms and RM69.74 billion from business-to-business MoUs.
