Germany sees higher investment inflows into Malaysia
He said Germany was the fourth largest investor in Malaysia and it was looking at a variety of investment opportunities particularly in the E&E sector.
"Malaysia is one of the most attractive business destinations among the ASEAN countries due to the stability of the country's institutions and diversification of its economic structure.
"Malaysia-Germany also have cooperation in vocational training and long-term strategic partnership in innovation with scientists and students in Malaysian universities here," he said in his speech at the launch of Infineon Melaka Block 7 and Block 8 groundbreaking here, today.
The project was launched by Melaka Chief Minister Datuk Seri Idris Haron. Also present was Deputy Minister of International Trade and Industry Datuk Ahmad Maslan.
Michael said German companies were also counting on the ASEAN Economic Community 2015 as a vision to explore investment opportunities in the country.
He said the German companies had shown growing interest in ASEAN in general, and Malaysia in particular, since the country took over the chairmanship of ASEAN this year. ■