[lbo-talk] U.S. tech firms to invest $267 mln in Malaysia

[uvj at vsnl.com]

Reuters.co    

U.S. tech firms say to invest $267 mln in Malaysia

Wed Aug 17, 2005

KUALA LUMPUR, Aug 17 (Reuters) - U.S. electronics firms operating in
Malaysia said on Wednesday they expected their investment in design and
development operations to rise to one billion ringgit in 2005.

"Malaysian-American Electronic Industry companies see enormous potential
for design and development investments, as evidenced by their 676
million ringgit expenditure in Malaysia in 2004," the American Malaysian
Chambers of Commerce said in a statement.

"The forecast for D&D investments in 2005 is approximately one billion
ringgit, which represents a three-fold growth since 2001," it added. The
figure is equivalent to $267 million. ($1=3.75 ringgit)

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