Petronas Lubricants International (PLI), a wholly-owned unit of PETRONAS, has chalked up a revenue of €1 billion (€1 = RM4.92) from its investment in Italy, reflecting the national oil corporation's continuing success as a global investor in international markets.
Prime Minister Datuk Seri Najib Tun Razak said the company, which has two plants in Italy and employed 700 people, has a market share of about 23 per cent in the country.
Najib said the oil giant has managed to enhance Malaysia's international image.
"One of the strategies adopted by PETRONAS is to associate its lubricants with Italy's well-known car, Fiat.
The success of PLI has to do with the acceptance of PETRONAS in Italy, he said.
He said this to Malaysian reporters here today after a three-day working visit here since Friday to attend Expo Milano 2015.
Najib, who left for home at noon today, was invited by the Italian Prime Minister Matteo Renzi last year to attend the world's biggest expo, which was held once in five years.
Najib, who is also Finance Minister, said besides multinational corporations and big companies investing abroad, small and medium enterprises also needed to raise the visibility of Malaysia as an investment destination to attract Italian investors.
From his roundtable meeting with 12 Italian and two Swiss captains of industry on Saturday, Najib said, among the proposals highlighted by them was that Malaysia entrepreneurs needed to engage more aggressively with the Italian and Swiss business communities.
"Besides they also need to raise the visibility of Malaysia in Italy as an excellent investment destination," he said.
Najib said they also proposed Malaysia counter more aggressively the anti-palm oil campaigns in Europe.
He said the businessmen also shared their positive experiences of doing business in Malaysia and acknowledged the good relationship they had with the Malaysian government.
Bernama
Sun Oct 04 2015
Prime Minister Datuk Seri Najib Tun Razak met participants at a roundtable meeting with local captains of industries in conjunction with Expo Milano 2015, Sunday. - Bernama Photo
5 kematian akibat komplikasi denggi pada ME ke 31 dilaporkan
Jumlah kes demam denggi Pada Minggu Epidemiologi ke-31 tahun 2024 dilaporkan sebanyak 2,515 kes berbanding 2,609 kes pada minggu sebelumnya.
[TERKINI] Fahmi nafi arah Google nyahaktif ciri graf penukar ringgit
Menjawab tuduhan seorang pengguna X, Ahli Parlimen Lembah Pantai itu menerusi platform sama menegaskan beliau tidak pernah mengarahkan penyedia perkhidmatan itu berbuat demikian.
Wanita dan kanak-kanak maut dalam nahas kereta, MPV di Kuala Kangsar
Dua maut selepas kereta dinaiki terlibat dalam kemalangan dengan sebuah MPV jenis Toyota Velfire di Jalan Kuala Kangsar-Manong.
[TERKINI] Bapa terima baik kehilangan Nidza Afham
Mokhtar Mahmud, bapa kepada penyanyi Muhammad Nidza Afham redha dengan pemergian Allahyarham yang disahkan meninggal dunia selepas jasadnya ditemui terapung di jambatan Sungai Klang pada petang Rabu.
Pantau Belanjawan: Kelestarian: Memperkukuh ekosistem ekonomi hijau
Pengarah Urusan Gading Kencana, Datuk Ir Guntor Tobeng mengulas berkenaan usaha Malaysia memperkukuh ekosistem ekonomi hijau, di sebalik cabaran global serta peluang masa hadapan.
[TERKINI] Belasungkawa: Nidza Afham dikebumikan di Puncak Alam
Jenazah penyanyi Nidza Afham Mokhtar, 23, yang ditemukan meninggal dunia di Sungai Klang, akan dikebumikan di Tanah Perkuburan Islam, Puncak Alam, Selangor, pada Khamis.
EON Berhad mahu dikenali sebagai penyedia perkhidmatan automotif menyeluruh
EON Berhad sedang memposisikan diri sebagai lebih daripada sekadar penyedia kereta, dengan berkembang menjadi penyedia perkhidmatan kereta secara menyeluruh.
Suspek bunuh Cikgu Istiqomah dijangka didakwa Isnin
Suspek kes pembunuhan guru wanita Istiqomah Ahmad Rozi, 33, di Melaka dijangka didakwa di mahkamah selewat-lewatnya Isnin depan.
Lelaki tolak isteri jatuh gaung didakwa esok
Suspek kes pukul dan tolak isteri ke dalam gaung di Kilometer 31.2 Jalan Raya Timur Barat (JRTB) Gerik-Jeli dekat Gerik, Julai lalu akan didakwa di mahkamah pada Jumaat.
KDNK suku kedua dijangka lebih baik, hasil positif ekonomi MADANI - Ahli ekonomi
Prestasi paling penting ialah peningkatan perbelanjaan isi rumah, disebabkan oleh keyakinan isi rumah yang semakin baik.
PM Itali Matteo Renzi umum letak jawatan susulan kekalahan referendum
Kempen undian penolakan yang diketuai Five Star Movement, telah memenangi referendum itu dengan 59.5 peratus.
Video seks viral: Wanita Itali bunuh diri akibat dibuli
Video seks yang viral pada 2015 menjadi bahan jenaka netizen dan Tiziana Cantone terus menjadi mangsa buli internet.
PM Itali isytihar darurat di kawasan gempa
Perdana Menteri Itali, Matteo Renzi mengisytihar darurat di kawasan paling teruk terjejas dengan gempa yang melanda negara itu, Rabu lalu.
PM Itali Letta umum letak jawatan, Renzi bakal pengganti?
Ketua Parti Demokratik Matteo Renzi bakal berhadapan dengan beberapa cabaran sebelum menjadi Perdana Menteri Itali termuda.