The Department of Trade and Industry (DTI) through the Philippine Trade and Investment Center (PTIC) Kuala Lumpur, together with the embassy of the Philippines each signed a memorandum of understanding (MOU) with the Malaysian International Chamber of Commerce & Industry (MICCI) at the Philippine Embassy in Kuala Lumpur last April 11.
The MOU aims to establish a practical framework for the development of mutually beneficial business relations and cooperation between the Philippines and Malaysia, enabled by the strong collaboration of the Philippine Embassy, PTIC-Kuala Lumpur, and MICCI.
Philippine ambassador to Malaysia Charles Jose, PTIC-Kuala Lumpur commercial counsellor Norjamin Delos Reyes and MICCI president, Christina Tee were the signatories of the MOUs.
Jose, in his welcome remarks, said the signing of the MOU is significant for the Philippines especially the companies here in Malaysia, as there are quite a number of them doing business in the country.
“We can stand to benefit from the vast network of MICCI, its collaboration with other chambers, and having access to relevant and timely information, which is important for businesses,” Jose said.
Jose added the recent visit of the Malaysian Prime Minister Anwar Ibrahim “gave a very strong impetus to the economic, trade, and investment relations between the Philippines and Malaysia because the two sides identified new areas of cooperation as the two countries now move forward in the post pandemic economic recovery effort.
