Malaysia relies on government spending

Article Abstract:

Malaysia's economic expansion may not meet the 7.5% projected growth forecast for next year. A strong reliance on exports makes the country's strategy risky should the global economy slow down. Analysts state that increased foreign investment is necessary to restore the high speed growth rates Malaysia enjoyed in the early 1990's.

Trade Relations, Economic aspects, Trade policy

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Government loosens capital controls on foreigners; under plan, exit levy will eventually be replaced by capital-gains tax on invested funds

Article Abstract:

Malaysia has ended its 12-month lock-in period for foreign investment with the implementation of an exit tax of up to 30% of the principal invested in the country. The tax policy is aimed at inducing international investors to repatriate their capital and profits and to encourage the flow of capital into Malaysia. Observers believe that the exit tax will be a satisfactory replacement to the 12-month ruling that began in Sep 1997 wherein the government prevented stock investors from repatriating funds for one year.

Tax Law, Public Finance Activities, Foreign investments, Taxation, Laws, regulations and rules, Capital investments

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Plan to unfreeze shares wins government approval; under three options, Singapore businessmen Akhbar Khan stands to get major stakes

Article Abstract:

The Malaysian government has permitted shareholders of billions of dollars of frozen Malaysian shares to sell their holdings. The recommendation, made by Singapore businessman Akhbar Khan, will allow the investors to be given three alternatives for their stocks in Malaysian firms that previously traded in Singapore under the Central Limit Order Book system. The stockholders can either exchange their shares for cash, exchange them for units in a closed-end fund, or retain them but will not be able to trade them for three to five years.

Intnl Economic Policy, Stockholders, Securities

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