M'SIAN GOVT RE-VISITING LAWS TO WOO FDI INFLOW

KUALA LUMPUR, July 14 (Bernama) -- Malaysia is reviewing domestic laws and
regulations to make them more investor-friendly to woo foreign direct
investments (FDIs) and boost investor confidence.

International Trade and Industry Minister Mustapa Mohamed said immigration
policies would also be overhauled to facilitate the entry and temporary stay of
expatriates and foreign professionals.

"FDI remains crucial for Malaysia's industrial development in view of its
contribution, technology transfer, capital inflow, access to international
markets and spin-offs generated," he said in "The Report, Malaysia 2009".

The report was produced by Oxford Business Group, a global publishing and
consultancy firm.

The minister said continuous efforts would be taken to improve delivery
system, introduce tax incentives and provide infrastructures, reduce cost of
doing business and create a skilled and educated workforce.

Mustapa said the government acknowledged that the current global economic
downturn would affect FDI inflow into the manufacturing and service sectors.

"The government is preparing for the challenge of ensuring Malaysia
continues to remain competitive and attractive to investors," he added.
-- BERNAMA