The Russia – Malaysia business council is set up to strengthen collaboration in economy, science, technology and culture (Photo: Reuters)

Kuala Lumpur (VNA) – A Russia – Malaysia business council was established on March 15 with a view to strengthening collaboration in economy, science, technology and culture.

The business council was set up by Russia's Business Council for Cooperation with Malaysia (BCCM) and the Asian Strategy & Leadership Institute (ASLI).

Speaking to reporters after the signing of the establishment agreement, BCCM Chairman Vladimir N. Sautov said Russia was keen on making investments and saw various opportunities to do so in Malaysia and the ASEAN region.

The business council expects to patron about 100 investment projects in various Malaysian businesses, especially those operating in the agriculture and biotechnology sectors, he noted.

ASLI Chief Executive Officer Tan Sri Michael Yeoh said the business council would facilitate direct contact, dialogues, opinion and information exchanges between business leaders from both countries.

Yeoh said the collaboration would include conducting research on various issues, organising seminars, roundtables and conferences in Russia and Malaysia.

He expressed hope to promote Malaysia as the regional hub for Russian investors and businessmen, adding that they are looking to enhance collaboration in science and technology, and promote education and tourism to attract more Russians to Malaysia.-VNA