LC Venture’s Managing Partner & Director of Media and Communications at MAYCHAM Gaston Chee in the spotlight as Malaysian PM urges Malaysian businesses in China to invest at home

LC Venture’s Managing Partner and the Director of Media and Strategic Communications at MAYCHAM Gaston Chee played a major role in successfully attracting and organizing dozens of leading Malaysian and Chinese businesses operating in China to meet with the Prime Minister of Malaysia YAB Dato’ Seri Anwar Bin Ibrahim at the World China Five Star Hotel on March 31.

Malaysia’s Prime Minister, YAB Dato’ Seri Anwar Bin Ibrahim addresses the meeting

This was during the PM’s maiden visit to China, which was deemed a historic milestone in enhancing the bilateral ties between the two nations in a post-pandemic world. During his trip, the PM met with President Xi Jinping in an encounter which he hailed as “extremely successful.” They both discussed ways to deepen collaboration and strengthen ties between Malaysia and China.

Attendees stand in honour of the national anthem of Malaysia

Gaston Chee was joined by MAYCHAM’s Chairman Loh Wee Keng and the Malaysian Ambassador to China, H.E. Raja Nushirwan Zainal Abidin, in personally hosting the Prime Minister and his cabinet of ministers which included the Foreign Minister and the ministers of Local Government Development, International Trade and Industry, Transport and Science and Technology and Innovation and TourismThe delegation also included high-profile members such as China-ASEAN Business Association president Tan Sri Dato’Seri Lim Gait Tong and Tan Sri Francis Yeoh, Executive Chairman of YTL Corporation.

Directors of associations and business representatives join Malaysia’s Prime Minister, YAB Dato’ Seri Anwar Bin Ibrahim and his cabinet of ministers including the Foreign Ministry, Local Government Development, Transport, International Trade and Industry, Science and Technology and Innovation Ministry (from left to right, seated)

The event attracted over 300 Chinese and Malaysian companies including representatives from leading firms such as CNI Enterprise (M) Sdn Bhd, Farlim Group Malaysia Bhd, Maybank, QMIS CAPITAL VENTURE SDN BHD (1127137-K), LSH Auto China, Perfect China Co Ltd, a subsidiary of Perfect Global, Deloitte China, Nomura Holdings and others. Besides, in attendance were prominent Malaysian professionals and businesses based in China. The event was an excellent opportunity for Malaysian and Chinese companies to network and learn about the plans of the current Malaysian leadership. It also brought together Malaysian and Chinese Muslims, who used the opportunity to break their fast together.

Speaking at the event the chairman of MAYCHAM Mr Loh Wee Keng expressed his gratitude to Prime Minister for his attendance and thanked the attendees and Malaysian businesses for their support. He emphasized the importance of learning about the current leadership’s ambitious plans for Malaysia’s economic rebuilding and highlighted the work that MAYCHAM, with the support of the Malaysian Embassy in China, is doing to facilitate China-Malaysia trade relations and to support Malaysian businesses operating in China. He also invited members of the Malaysian business community to join MAYCHAM and pledged that the various directorates of MAYCHAM are ready to support their operations.

PM Anwar Ibrahim at the event

In his speech to the attendees present, the Prime Minister expressed his gratitude to the organizers for arranging the event in a short time. He also used the opportunity to share his vision for Malaysia for ending poverty and promoting economic development through good governance, citing China as an example for Malaysia to follow. The Prime Minister especially commended the Malaysian businesses based in China and urged them to invest in Malaysia, stating that he welcomed their desire to diversify their operations but also wished to see them invest back in their home country. He assured investors of the government’s commitment to supporting such efforts and removing any red tape.

After the event, Gaston Chee reflected on the work in successfully organizing the event and thanked fellow members of the organizing committee, especially the Malaysian Embassy and the chairman and directorates of the MAYCHAM for making the event a complete success. Gaston remarked on the opportunity to meet the Prime Minister, whose rise to power is truly remarkable. He echoed the significance of China as Malaysia’s largest trading partner and the importance of learning from China’s success story in alleviating millions out of poverty. Gaston Chee pledged LC Venture’s continued support for the PM’s vision for Malaysia and reiterated that efforts are already underway to support local businesses to invest in Malaysia, citing this as something the company has been actively working towards in the past few years.

Gaston Chee mingles with YTL Corporation Chairman Tan Sri Francis Yeoh

Gaston Chee was appointed to head the Media and Strategic Communications directorate at MAYCHAM, and he has been working with the Chinese government, various government departments and Chinese organizations and associations to facilitate business and investment in preferred sectors in China and Malaysia.

The latest visit by the PM minister was hailed as a great win for Malaysia, which was marked by the signing of 19 MOUs worth a record RM 170 billion between Malaysia and various Chinese firms, with a focus on green technology and the digital economy. The Prime Minister witnessed the signing ceremony and expressed his satisfaction with the new areas of cooperation, including new-generation car manufacturing and digital infrastructure.

Attendees enjoy the dinner at the event

China remains Malaysia’s biggest trading partner, accounting for 20% of its annual trade volume. The successful visit and the signing of MOUs during the Prime Minister’s visit are expected to pave the way for even stronger economic ties between Malaysia and China in the future, with firms like LC Venture and MAYCHAM playing a pivotal role in fostering and promoting businesses cooperation between both countries