Greetings,

Malaysia is looking into enhancing the country's investments
incentives to further attract foreign investors, says the Minister of
International Trade and Industry, Tan Sri Muhyiddin Yassin.

Taking cognizance of the keen global competition for foreign direct
investments (FDIs), the Ministry of International Trade and Industry
(MITI) is undertaking a review to streamline and enhance the
investment incentives package under the Promotion of Investments Act
(PIA) 1986 and the Income Tax Act 1967, in particular in specific
sectors poised for growth, despite adverse externalities. A proposed
revised investment incentives package is expected to be forwarded for
the Cabinet's consideration by year-end.

MITI and the Malaysian Industrial Development Authority (MIDA) will
continue to strengthen Malaysia's investment promotion efforts
including to Japan, South Korea, the Asean countries, India and
China. In addition, new growth sectors will be further identified to
draw investments in these areas, the Minister said at his Ministry's
Hari Raya Open House per NST.

For this year, Tan Sri Muhyiddin Yassin expects approved investments
to exceed last year's record of RM60 billion, having chalked up
RM49.8 billion for the first eight months of the year.

On the increase in Malaysian companies overseas investments, the
Minister clarified that the cross border investments constitute
productive investments abroad, in tandem with the government's policy
of encouraging local companies to expand their market outreach for
their expertise and services, dispelling the misconception that the
outflows were due to the domestic political environment and less
attractive incentives.

Tan Sri Muhyiddin Yassin said Petroliam Nasional Bhd (Petronas);
government-linked companies and Malaysian multinational corporations
with investments abroad have in fact repatriated their profits back
to Malaysia.

According to the recent United Nations Conference on Trade and
Development (Unctad) World Investment Report 2008, Malaysia's foreign
direct investments (FDI) outflows rose more than 81.9% to US$10.98
billion last year.

One of DK Malaysia's main goals is to promote investment, business
opportunities, trade, travel and tourism in Malaysia and to assist
MIDA, MITI, MATRADE and Tourism Malaysia achieve their goals and
objectives. I look forward to hearing from all of you and have a
great day.

Remember, Now is a good time to Visit Malaysia!

All the best,

Fred Plimley
President - DK Malaysia Development, LLC
Host/Moderaor - Linkedin Malaysia
f.plimley@...
http://www.linkedin.com/in/fredplimley
(951) 243-3602
(909) 214-8783
(+44) 020 7193 7317
Skype ID: fredplimley