24-4-75

Americans' $1,100m Business Stake In Malaysia

K.L. — American investment in Malaysia totals US$500 million ($1,100 million) so far with expectations of more than doubting during the coming years, revealed by the Malaysian Ambassador to the US, Encik Mohamed Khir Johari. He said the tax incentives offered by the Malaysian Government gave tremendous cost advantages for American projects in Malaysia, especially with the industrial and social infrastructure already available.