Kuala Lumpur eases curbs on foreign business ownership

Article Abstract:

Malaysia is allowing foreign investors to own as much as 51% of local retailers, compared to a previous limit of 30%. Domestic Trade Minister Megat Junid Megat Ayob said that overseas investors can own as much as 100%, only if they make Malaysia their regional distribution center. The move is the latest strategy of Malaysia win back investors in the midst of the Asian economic crisis. According to economic forecasts, Malaysia can expect an economic decline of as much as 2%, while private economists foresee a drop of up to 5%.

Comment:

Malaysia: Malaysia is allowing foreign investors to own as much as 51% of local retailers, compared to a previous limit of 30%

International economic relations, Malaysia, Foreign Investment Regulations, Foreign investment laws, Article

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Rubin defends IMF policy

Article Abstract:

US Treasury Secretary Robert Rubin disclaimed that the US government is prompted mainly by self-interest when it was calling for structural changes in macroeconomics and financial sectors of troubled Asian countries. He added that the US' long-standing relationships with Asian countries was what drove the US to help Southeast Asia resolve its present economic woes. Asian politicians have charged that International Monetary Fund programs included measures that have no direct bearing to economic stability.

Foreign Economic & Financial Assistance, Management, Economic aspects, International Monetary Fund, Economic policy, Political aspects, Economic assistance, Foreign economic assistance, Asia, Rubin, Robert

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