Indian Newslink July 15 Digital Edition

16
JULY 15, 2016
BUSINESSLINK
Malaysians get to know Pacific opportunities
Venkat Raman
venkat@indiannewslink.co.nz
Auckland based Taxation
Expert, Barrister,
Advisor to Malaysian
government and Indian
Newslink columnist Dave
Ananth was the star attraction
at a Seminar on ‘Business
Opportunities in the Pacific,’
held in Kula Lumpur on June 26,
2016.
The Seminar was his initiative
and his first engagement
with Malaysian overseas investors
after his appointment as the
‘Strategic Partner’ with a number
of trade organisations in the
South Pacific.
He was joined by Auckland
based Registered Financial
Advisor Deepak Ratti.
A number of potential
Malaysian investors attended the
event held at the premises of the
National Women
Entrepreneurs of Malaysia.
SMEs evince interest
“Although many people are
aware of the Pacific countries
to some extent, they are not appraised
of the developments
occurring in the region, the immense
potential and incentives
that they offer for foreign investors
and businesspersons to establish
their presence in that
region. A growing number of
Small and Medium Enterprises
in Kuala Lumpur have evinced
Dave Ananth and Deepak Ratti at the Kuala Lumpur Seminar on June 26.
interest. The Seminar aimed
at providing updated information
and the laws and business
practices prevailing in the South
Pacific,” he said.
Mr Ananth and Mr Ratti presented
general information,
tables, graphs and other statistical
data about the Pacific using
Vanuatu as an example.
“As a tax haven, Vanuatu attracts
many foreign investors,”
he said.
Power generators
Mr Ananth said that a number
of delegates to the Seminar were
keen to explore the possibilities
of providing power generators to
the Pacific.
“Many businesspersons were
also interested in setting up
showrooms and their branches
of their companies. I have
asked them to provide details of
their operations and their specific
plans of engagement to discuss
with the relevant authorities,”
he said.
Furniture made from
Rubberwood is popular in
Malaysia and Indonesia, he
added.
Mr Ratti outlined the system of
taxation, available labour skills,
travel and accommodation and
other basic information.
“They are already queries
about setting up tourism-related
industries,” he said.
The two-hour Seminar included
a Power Point Presentation
prepared by Mr Ananth and Mr
Ratti with the assistance of the
Auckland based Pacific Trade
and Invest Chief Operating
Officer and Investments Head
Manuel Valdez.
“I hope to connect investors
and those interested in engaging
in the South Pacific with the
right people at the right locations,
and work with the South
Pacific governments, investment
organisations and other interests,”
he said.
FT advocate
As reported in our June 1, 2016
issue, Mr Ananth advocates of
Free Trade and Free Commercial
Zones as a part of the development
plan in South Pacific.
“Foreign investors want a
conducive working and trading
environment. They also
seek incentives, tax breaks, infrastructure
and others benefits.
Government of the Pacific
should consider these basic requirements.
After all, they create
employment, boost local consumption
and accrue income
from taxes,” he said.
“Malaysian medical practitioners
should consider joint ventures
with their counterparts
in these countries and expand
health and pharmacy care,” he
added.
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