ACCCIM AND CONSTITUENT MEMBERS


ACCCIM AND CONSTITUENT MEMBERS

The Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) is the national level organisation of the Chinese chambers of commerce in Malaysia.

Founded on 2nd July 1921, ACCCIM has 17 Constituent Members located separately in the 13 states and Federal Territories of Malaysia. Direct and indirect membership of all Constituent Members are well over 100,000, representing Malaysian Chinese companies, individuals and trade associations in particular and the Chinese business community in general. Membership of ACCCIM include Eminent Members, Associate Members, and more than 6,000 young entrepreneurs.

Datuk Ng Yih Pyng
Datuk Ng Yih Pyng
Welcoming Speech on the 78th ACCCIM AGM

We have observed remarkable changes under a stable unity government, reflected in a stronger Malaysian ringgit. Such stability has attracted international investors and boosted our economy, especially in key sectors like infrastructure, manufacturing and high-tech.

According to MIDA, foreign direct investment in Malaysia reached RM34.1 billion in the first half of 2024, illustrating the effectiveness of government initiatives to attract investment. Malaysia’s GDP rose by 5.9% in the second quarter, and the ringgit has been among Asia’s best-performing currencies, creating a promising economic outlook.

The stabilising ringgit is drawing more investors to Malaysia. Google’s USD2 billion investment in a data centre highlights our positive growth path. We must keep creating such opportunities to stay competitive globally.

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Full Text

While a stronger ringgit boosts investor confidence, it presents mixed challenges for different industries. A fast appreciation can hurt exporters’ competitiveness when competing with foreign goods, and may dampen inbound tourism. On the bright side, it helps importers by lowering the costs of essential imported goods and machinery.

Datuk Ng Yih Pyng
Datuk Ng Yih Pyng
Welcoming Speech on the 78th ACCCIM AGM

We have observed remarkable changes under a stable unity government, reflected in a stronger Malaysian ringgit. Such stability has attracted international investors and boosted our economy, especially in key sectors like infrastructure, manufacturing and high-tech.

According to MIDA, foreign direct investment in Malaysia reached RM34.1 billion in the first half of 2024, illustrating the effectiveness of government initiatives to attract investment. Malaysia’s GDP rose by 5.9% in the second quarter, and the ringgit has been among Asia’s best-performing currencies, creating a promising economic outlook.

The stabilising ringgit is drawing more investors to Malaysia. Google’s USD2 billion investment in a data centre highlights our positive growth path. We must keep creating such opportunities to stay competitive globally.

.

Full Text

While a stronger ringgit boosts investor confidence, it presents mixed challenges for different industries. A fast appreciation can hurt exporters’ competitiveness when competing with foreign goods, and may dampen inbound tourism. On the bright side, it helps importers by lowering the costs of essential imported goods and machinery.

ACCCIM AND CONSTITUENT MEMBERS

ACCCIM AND CONSTITUENT MEMBERS
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