Prospect of Malaysia as the Gateway for Taiwan’s New Southbound Policy (NSP) Push

Written by Karl Chee Leong Lee. Despite lingering pessimism surrounding the impact of COVID-19 on Southeast Asia’s economy, Malaysia has unexpectedly enjoyed a new wave of Taiwanese investment. According to official figures released by the Malaysian Investment Development Authority (MIDA) last April, the value of inbound manufacturing-based investment from Taiwan has increased seven-fold. In 2019 Taiwan became the fourth largest FDI source for Malaysia’s manufacturing sector after China, the US and Singapore.

Beyond Economics: The Value and Meaning of the New Southbound Policy

Written by Dr. Alan H. Yang and Tung Cheng-Chia. Great power competition between the United States and China has intensified under the backdrop of the Covid-19 pandemic. Whether in the World Health Organization or the United Nations, this intensification is compelling states to reorient their political alignment. Taiwan needs to reflect on and strategically reposition itself in this geopolitical tug-of-war. A top priority for the island-nation is to strengthen its links and influence in Asia.