Melaka Gateway, earlier touted as a mega project that would generate substantial economic benefits, fresh foreign direct investment and access to technical know-how from China, is now a shadow of its former self. There remains, however, significant challenges for the envisioned cruise terminal.
Economy
ISEAS academic Tham Siew Yean notes that it is a win-win situation for Sarawak and China to co-develop dams and produce hydropower for domestic use and export. However, more can be done to safeguard environmental sustainability standards, especially if China means to change its image as a sustainability laggard.
Economy
Academic Tham Siew Yean notes that Alibaba’s latest foray into Malaysia will bring a raft of e-commerce opportunities to the country. But there are concerns about its pervasive presence in the country and the possible impact on competition.