PHL Embassy reaffirms ties with Malaysian Parliament

Published April 23, 2012 2:00pm

The Philippine Embassy in Kuala Lumpur reaffirmed ties with the Malaysian

Parliament’s Lower House (Dewan Rakyat), the Department of Foreign Affairs (DFA) said. In a news release, the embassy said Ambassador Eduardo Malaya made a courtesy call on Speaker Tan Sri Datuk Seri Panglima Pandikar Amin Mulia, at the Parlimen

(Parliament) Malaysia in Kuala Lumpur on April 18.

Speaker Pandikar is scheduled to go on a working visit to the Philippines on April 24 to 27,

which includes meetings with Vice President Jejomar Binay and other senior officials.

Pandikar underscored the pivotal role of the Brunei Darussalam-Indonesia- Malaysia-Philippines East ASEAN Growth Area (BIMP-EAGA) in developing not just the sub-

region but also boosting bilateral economic relations between the Philippines and Malaysia.

Before assuming his current position, Speaker Pandikar was previously a Minister in the

Prime Minister's Department, and served as the Speaker of the Sabah State Assembly from

1986 to 1988.

Meanwhile, Malaya said: “Now is an opportune time to boost relations between the Philippines and Malaysia, particularly between our respective business sectors.”

“There has recently been an upsurge in two-way investments, notably Petron Corporation’s

acquisition of Esso Bhd. Malaysia, Malaysia’s second biggest bank CIMB buying a 60

percent equity in the Philippine Bank of Commerce, and Maybank’s reported interest in

bidding for the Philippine Al-Amanah Islamic Investment Bank,” he said.

Malaya also invited the Speaker to the Philippines-Malaysia Investment Partnership Forum on May 29 in Kuala Lumpur.

The embassy is organizing the event together with the Asian Strategy and Leadership Institute, the alumni association of Malaysian graduates of the Asian Institute of Management in Makati, and the Philippine Department of Trade and Industry.

The forum will highlight investment opportunities for Malaysian companies in Mindanao. - VVP, GMA News

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