MALAYSIA: Manufacturing investment in Malaysia is expected...

MALAYSIA: Manufacturing investment in Malaysia is expected to slacken in 1991 as uncertainty continues in the Persian Gulf, economic growth slows among the country’s major trading partners and the Malaysian government becomes more selective in awarding investment incentives. The value of new manufacturing projects approved by the Malaysian government rose 131% in 1990. The Malaysian government recently decided to extend into 1991 incentives offered last year designed to attract foreign investors. However, the government has decided that the 1991 incentives will not be offered to certain companies that have already received such benefits. And the manufacturers of certain goods--textiles, rubber and ceramic products--will also be ineligible for the incentive program.