MPC ... Mar10

Thailand's government has expressed interest in participating in Malaysia Pacific Corporation Bhd's (MPC) LakeHill Resort development and the RM3 billion Asia Pacific Trade & Expo City (APTEC) in Johor's Iskandar Malaysia.

Thailand's Ministry of Commerce had expressed "keen interest" in APTEC in Iskandar Malaysia following a meeting between the company's CEO Datuk Bill Ch'ng and executive director Datin Kong Yuk Chu with the deputy minister Alongkorn Ponlaboot and the deputy permanent secretary Rachane Potjarasuntorn at the ministry office.

A meeting would be scheduled in due course in respect of a full presentation by Ch'ng to the "Cabinet Committee" for a detailed study and consideration.

MPC had in December 2009 signed a letter of intent with Thailand's Royal Asia Company Ltd and a Thai national, Chutamas Vongvorakit, to explore partnership opportunities in developing APTEC.

It was Chutamas who had informed the company of the Thailand government's "expressed interest" to cooperate and/or to form a joint venture in the development of the resort and APTEC.

It has been reported that MPC was seeking local and international partners to jointly develop APTEC.