zarinaz@mediaprima.com.myKUALA LUMPUR: Malaysia is set to become the oil and gas hub by year 2020 and is well on target towards becoming a regional hub within three years. “It is crucial to attract the multinational companies (MNCs) to come to Malaysia and ensure that they make Malaysia as a regional base for the region. He said out of 50 MNCs in the globe currently, 18 MNCs have already set up their regional operational headquarters in Malaysia. "We are on target, in terms of reputation building, attracting MNCs to set up operational HQs and our players becoming regional players. He said the challenge lies mostly in pushing local players to become regional players, and added that local players are not all fully-independent and need to have their own value –proposition or technology.

Source: New Strait Times September 11, 2017 02:26 UTC