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Unctad: M'sia can attract more FDIs.

Asia Africa Intelligence Wire

| September 18, 2002 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From The Star (Malaysia))

MALAYSIA still has the potential to attract Foreign Direct Investments (FDIs) despite intense competition for the investment dollar and FDIs inflow into South-East Asia stagnating at US$13bil last year, United Nations Conference on Trade and Development (Unctad) said.

In releasing its World Investment Report 2002, Unctad said Malaysia was increasing its efforts to offset the stagnant position by introducing a number of incentives, including the extension of the reinvestment allowance and tax measures to support investments in machinery and equipment and manufacturing-related services.

Based on Unctad's combined performance …

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