The Embassy of Malaysia in Yangon celebrated the 62nd National Day of Malaysia, 56th Malaysia Day and 86th Armed Forces Day at the Wyndham Grand Yangon hotel in Yangon yesterday.

It was attended by Union Minister for Investment and Foreign Economic Relations U Thaung Tun.

The ceremony began with the national anthems of Myanmar and Malaysia.

Afterwards, Ambassador of Malaysia Mr Zahairi Bin Ba-harim and Union Minister U Thaung Tun extended greetings.

In his remarks, Union Minister U Thaung Tun recounted the deep ties of friendship between the two countries which established diplomatic relations in 1957. “We seek to share our success with Malaysia, just as Myanmar seeks to share in Malaysia’s success,” said U Thaung Tun.

According to statistics made available by the Myanmar Investment Commission, Malaysia is the 8th largest investor, with some 66 investments.

Bilateral trade between the two countries has also remained strong over the years, reaching some US$ 738 million in the 2018-2019 fiscal year, said U Thaung Tun.

The Union Minister continued to say that Myanmar, with a population of around 54 million, a youthful workforce, low labour costs and a rapidly growing consumer market, is an ideal location for Malaysian investments.

He also welcomed Malaysia as one of Myanmar’s major trading and investment partners— including in areas such as oil and gas exploration, agriculture, construction, energy, IT, manufacturing, banking, finance and tourism.

Following his remarks, Union Minister U Thaung Tun and Malaysian Ambassador Mr Zahairi Bin Baharim cut a cake to mark the celebration of 62nd National Day of Malaysia, 56th Malaysia Day and 86th Armed Forces Day.

The ambassador hosted a dinner for the guests.

Also present at the dinner were Chief Minister of Yan-gon Region U Phyo Min Thein and wife, Lt-Gen Min Naung of the Office of the Commander-in-Chief (Army) and wife, senior military officers, diplomats, representatives of the UN agencies and guests.—MNA

(Translated by GNLM)

crd: MOI