Straits settlement: Malacca's stockbrokers are waking up

Article Abstract:

Malaysia's securities industry is experiencing a boom in the provinces, especially in Malacca and in outlying areas. One of the successful licensed brokerages in Malacca is Straits Securities. The boom in the industry can be attributed to the abolition of legalized gambling in Malaysia in 1990. Although it can be argued that dealing in securities is entirely different from gambling, it is the same mentality that drives Malaysians to engage in both activities. The lack of young professionals, however, darkens the future of Malacca as a financial center.

Security brokers and dealers, Management, Stockbrokers, Securities industry, Melaka, Malaysia, Straits Securities

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Oasis for Asia's investors

Article Abstract:

Labuan, Malaysia offers various tax incentives to investors in the island, which includes a reduced tax rate of 3% on declared profits or a flat rate of $8,000 plus tax exemptions for investmentholdings in securities, immovable properties, offshore company interests and royalties, among others. Furthermore, the Malaysian government plans to spend at least $135 million on infrastructure improvements in Labuan until 1998. Thus, the island offers significant incentives to entice offshore investments.

Analysis, Evaluation, Foreign investments, Economic policy, Tax incentives, Labuan

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Traveller's Tales

Article Abstract:

Malaysia's Lake Chini is home to a monster and a sunken city. That is close to the truth for residents who have seen the snakelike creature and archaeologists who have discovered some evidence of a civilization that may have suffered from a cataclysm in the 14th century. At any rate, the place has become a veritable tourist attraction. Skeptics and believers alike crowd into the area which has become dotted with tourist hotels and restaurants.

Column, Description and travel, Lakes

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