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Article Abstract:
Malaysia's economic priorities center on the manufacturing industries as foreign manufacturing investments rose to M$16 billion in 1991. Attraction of foreign investors lies in cheap and educated labour, abundant land for development, superior infrastructure and political stability capped by favorable foreign investment laws enacted in 1987. Real Gross Domestic Product growth rate in 1991 was 8.6%, one of the highest in the world. However, poor balance of trade is forecasted to push the current account deficit to M$13.6 billion from M$11.8 billion in 1991.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1992
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Closing of accounts: Malaysian central banker may be on the way out
Article Abstract:
Gov Tan Sri Jaffar Hussain of Bank Negara, Malaysia's central bank, will probably resign or be ousted in the aftermath of large foreign-exchange losses that the bank suffered in Mar 1993. Finance Minister Datuk Seri Anwar Ibrahim is likely to try to minimize the political damage caused by the losses by quickly replacing Jaffar, especially if Anwar wins an election for deputy vice president in November. Jaffar, aged 62, has a heart condition that may give Anwar a pretext for replacing him. Businessman Wan Azmi Wan Hamzah is a likely successor.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1993
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Taxing matters
Article Abstract:
Malaysian Finance Minister Datuk Seri Anwar Ibrahim discussed his taxation policies for the 1993 budget in an interview. Anwar claimed that all possible steps had been taken to control inflation and that the position of the ringgit was stable. Anwar also explained that Malaysia did not need a value-added tax (VAT) at present. Anwar supported the Malaysian Prime Minister and declined to comment on his own chances as Malaysia's next premier.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1992
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