Tuesday, January 18, 2011

FINANCE - Kuwait, Indonesia bound by strong ties

KUALA LUMPUR: The State of Kuwait and Indonesia are bound by strong ties in economic, cultural, and investment domains and both parties seek to further enhance the level of cooperation for the best interest of both peoples, the Kuwaiti Ambassador in Indonesia said yesterday.

Ambassador Nasser Al-Enizi was speaking following his meeting with Board Chairman of Kuwait Red Crescent Society Barjas Humoud Al-Barjas. He noted there was coordination among Kuwaiti and Indonesian parties concerning issues raised at and stances regarding these issues at international venues such as the United Nations, the Non-Aligned Movement, the Organization of the Islamic Conference, and many more.

The Kuwaiti Red Crescent is keen on sustainable aid effort, and the ambassador remarked work and support continues for those affected by the tsunami in Aceh, for example. Works at Sheikh Jaber Al-Ahmad town also continues with construction now reaching a school project, he said. The support is met by both recognition and appreciation on the Malaysian side, the diplomat noted, and this is expressed by both leaders including the President and Premier and by members of the public.

On economic and trade relations, Al-Enizi said several Memos of Understanding had been signed and several joint companies are now operating in financing and banking, oil and gas, vegetable oil production, and many more fields of activity. Progress in these and other areas is supported by agreements to protect investments and avoid double taxation, he said.

As for Kuwaiti economic presence in Malaysia, the Ambassador first noted the many loans and grants to finance development projects at low interest, and then recalled the great volume of Kuwaiti capital invested in the country as well.

On exchange of labor, and specifically domestic laborers seeking work in Kuwait, the ambassador noted that after some media exaggeration of some instances of ill-treatment of some workers and problems regarding the sponsor system, the two parties are now working on drafting guidelines that would guarantee rights on both sides.

Despite the halt of permits for domestic laborers to come to Kuwait since 2009, there are over 40,000 Malaysian workers in Kuwait at present, mostly domestic help. This is in addition to a large number of nurses and technicians working in the health care and other sectors, the ambassador noted.

Through exchange of views, and also exchange of visits on official and public level, we hope to further strengthen relations and better serve our two peoples," Al-Enizi said, urging Kuwaitis to visit Malaysia to enjoy its natural beauty and great cultural diversity and appeal. --- KUNA

Source : http://www.kuwaittimes.net/read_news.php?newsid=MzQ4NTU5MjQ0 - Jan 18, 2010

No comments:

Post a Comment