Matsushita stays committed

Article Abstract:

Matsushita, the Japanese consumer electronics maker, will continue its planned plant investments in Malaysia, despite the on-going regional crisis. The firm, which makes National and Panasonic home electronics, believes that domestic and export sales will improve in the later part of the year. According to Masakazu Yanagawa, regional representative of Matsushita in Kuala Lumpur, the firm expects that sales will rise in the fourth quarter of the year to enable it to continue its plant investments in Malaysia. Matsushita expects to allocate another 400 million ringgit for machine upgrade in its facilities in Malaysia.

Comment:

Will continue its planned plant investments in Malaysia, despite the on-going regional crisis

Electrical & Electronic Equip, Electrical Equipment, Appliance, and Component Manufacturing, Capital expenditures, Matsushita Electric Industrial Company Ltd., Article

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Foreign investment ebbs; government notes interest in nation remains

Article Abstract:

A 12% decline in the proposed foreign investment in major manufacturing industries of Malaysia shows that the country's political and economic turmoils have not largely affected foreign investment in the country. The reduced investments by Taiwan and Japan led to the drop from 14.38 billion ringgit in 1997 to 12.65 billion ringgit in 1998. Although International Trade and Industry Minister Rafidah Aziz claimed that the figure showed the sustained confidence of investors, experts are skeptical of the second straight year-to-year drop.

Forecasts, trends, outlooks, Net Foreign Investment, Foreign investments, Economic development

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