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Razaleigh Briefs British Brokers on That Deal

Petronas chairman Tengku Razaleigh briefed a group of British stockbrokers on government policies on foreign investment in Malaysia.

He told newsmen that the group wanted to clarify doubts over Malaysia's attitude towards foreign investors arising out of the Pernas Securities - Haw Par share swap transaction.

They also wanted to know of Petronas' functions and activities.'

He added that the group was 'quite happy' with his clarification on the various issues. He declined to elaborate. (NB - No doubt the group was 'quite happy' with the guarantee of tremendous profits through incentives, cheap labour, industrial repressive laws on workers, infrastructures, etc).