December 08 , 2002

Malaysia, Perfect Place To Invest And Visit- British Diplomat

By M.Saraswathi

PUTRAJAYA, Dec 8 (Bernama) -- Malaysia is a perfect place for investments and holidays, British High Commissioner to Malaysia Bruce Cleghorn said.
"Britain thinks Malaysia is a perfect place for doing business and for holidays because this country has so much to offer in terms of resources to tourists and businessmen," he said.
He said British companies' investment in Malaysia was very substantial and for the current year itself a number of companies like Tesco had invested much while about 250,000 Britons visit Malaysia annually.
Tesco Stores (Malaysia) Sdn Bhd, a subsidiary of United Kingdom-based hypermarket, opened its first branch in Puchong this year and its second branch in Melaka last month and has plans to open another 20 branches throughout Malaysia, involving a total investment of RM1.2 billion.
In the past 10 years, British companies had invested approximately RM18 billion in Malaysia, he told Bernama when met at the Prime Minister Datuk Seri Dr Mahathir Mohamad's Hari Raya open house for foreign dignitaries at his official residence here, yesterday.
There was no reason why Britons should not travel to Malaysia, the British High Commissioner said.
"Of course we give them travel advisory about the security precautions that they should take but that is not in any sense an advice that they should not come here," he said.
Cleghorn said in the last one month, the British High Commission had sent two trade missions to Malaysia.
He said the British High Commission was very keen to continue its annual higher education fair which was participated by many well established UK universities.
"We are very keen to continue encouraging collaboration between British and Malaysian education institutions. We want to continously increase the number of Malaysians studying in the United Kingdom," he said.
In an effort to enhance bilateral relations, Cleghorn said the High Commission regularly held talks and briefed British businessmen and companies on the investment opportunities in Malaysia.