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June 20, 2007

Malaysia to improve environment for foreign investment 
Malaysia will continuously improve its investment environment for foreign direct investment (FDI) from new and emerging economies, International Trade and Industry Minister Datuk Seri Rafidah Aziz said.
Institutional and infrastructure support as well as fiscal incentives will be regularly reviewed given the stiff competition that comes not just from China and India, but also from member economies of ASEAN, the newer members of the European Union and countries in the Commonwealth of Independent States, Rafidah was quoted Tuesday by national news agency Bernama as saying.

In addition, She said, the government's delivery system will be improved by streamlining procedures to ensure smooth implementation of projects in order to reduce the cost of doing business.
"We will also focus on our human resources to ensure the availability of skilled manpower," Rafidah said.

She assured that Malaysia's government will continue to intensify efforts to attract FDI as it remains a crucial component of further development of the industrial sector.

Efforts will also be stepped up to promote domestic investment and encourage Malaysian companies to further integrate into the global economy.

Despite the intense competition for FDI, Malaysia continues to receive substantial inflow of FDI in both the manufacturing and services sectors, Rafidah said. PNA/Bernama

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