Everytime whenever i see the word "tourism, my wanderlust self itches to travel but my current health condition and financial status doesn't allow me to. It's one of the many sacrifices i had to take in order to keep my lil parasite. From taking a portion for my monthly medical bills, parasite savings and other stuff, barely have enough to even save for travels anymore. Now i know how my mom feels after having 5 kids and how she hold off traveling for as long as 20 years before getting to see places like Europe and Turkey.
The tourism industry here is indeed strong, it's basically one of our country's firmest and most recognized platforms, making it suitable for other countries to collaborate with us to expand their tourism efforts into our shores which is what Evergreen Offshore group is doing as they seized this opportunity to build and strengthen the bilateral relations between China and Malaysia through their private funding program worth HKD10 billion called Asia Pacific One BeltOne Road Tourism Industry Fund (“the Fund”).
This investment is to also aid in further boosting the relationship on a long term basis and the
decision to debut the Fund in Malaysia was strongly backed by the evident growth of its tourism industry as it is also the government’s plan to increase its investment in developing the sector further.
“The Fund is set up with a long-term vision to promote the tourism sector in countries and regionsalong the 21st Century Maritime Silk Road,” said Mr. Davy Chan, Chairman of the Evergreen Group. “Through our partners here in Malaysia, as well as our own findings, we understand that the Malaysian government will increase its investment in the tourism industry.”
As i've mentioned earlier in this post that Tourism and travels is one of the biggest contributing fund factor for Malaysia it's proven in statistics that it is now our third largest source of foreign exchange earnings, which stood at RM61 billion, 5.7% of its total gross domestic product (GDP). The number is projected to reach RM262.2 billion, 15.8% of its GDP by 2025.
“By working with Hong Kong and Mainland China, Malaysia will gain better financial strength thusstrengthening its existing foundation and infrastructure in the hopes of achieving more integratedproductivity and attracting investment,” Chan said.
Being a country that has always been strategically situated on the south belt, a development strategy and framework known as One Belt, One Road, OBOR, proposed by Chinese paramount leader Xi Jinping to focuses on connectivity and cooperation among countries primarily between the People's Republic of China and the rest of Eurasia.
About Evergreen“Evergreen Offshore Inc.” is a wholly owned subsidiary of the “Evergreen Group”, it was incorporated at the British Cayman Islands in May 2012. The Company’s primary business involves Enterprises Analysis, Private Equity Funds and Listing Operations. Currently Evergreen
Offshore Inc. holds two Trust Units: “Evergreen Offshore Fund Trust” and “Asia-Pacific One Belt
One Road Tourism Industry Fund”. To date, the Company has a total of USD200 million in capital
commitments and has invested over USD50 million in the first phase of its investment blueprint.