BRUNEI INVESTORS TO BE INVITED TO ISKANDAR MALAYSIA

BANDAR SERI BEGAWAN, Aug 5 (Bernama) -- Malaysia will invite Brunei to check
out investment opportunities in Johor's Iskandar Malaysia (southern economic
region) following discussions on various key areas at the 13th Annual
Malaysia-Brunei Conference starting here Wednesday.

Malaysia's High Commissioner to Brunei, Ku Jaafar Ku Shaari said both
countries are scheduled to sign a Double Taxation Agreement (DTA) at the
Nurul Iman Palace Wednesday after a four-eyed meeting between Prime Minister
Najib Razak and the Sultan of Brunei, Sultan Hassanal Bolkiah.

"Arising from the discussion, we might be able to formulate a specific
package which can benefit both countries and be a means of encouraging
investments into Iskandar Malaysia," he told a media conference here Wednesday.

The Minister of International Trade and Industry, Mustapa Mohamed is
expected to sign the DTA on behalf of Malaysia.

The DTA is an agreement by both countries to avoid double taxation, in line
with efforts to create a condusive two-way investment climate.

Ku Jaafar said the big Malaysian delegation to be led by Najib, includes
eight Ministers, apart from the Chief Minister of East Malaysia state of Sarawak
Abdul Taib Mahmud as well as East Malaysia state of Sabah's Chief Minister Musa
Aman.

"Among the issues to be the focus of the two-way discussions is economic
cooperation, related to trade, investments and Islamic banking, apart from Asean
and the Commonwealth," said Ku Jaafar.

He also said other areas which will form the agenda are defence, health,
transport and the halal hub, as well as eco-tourism and a steady power supply to
Sarawak and Sabah, which neighbour Brunei.
-- BERNAMA