Mustapa Mohamed News
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Malaysia plans to reduce its reliance on foreign workers by phasing out labor-intensive industries and monitoring investments closely.
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Malaysia’s economy grew at the fastest pace in 2 1/2 years last quarter as Prime Minister Najib Razak boosted spending ahead of an election that will test his grip on power.
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Malaysia’s ringgit climbed to a one- week high on speculation data due next week will show the nation’s economy expanded faster than the government estimated.
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Lynas Corp. Chief Executive Officer Nicholas Curtis said he underestimated the power of Facebook and Twitter when his mining company decided to build the world’s biggest rare-earths plant in Malaysia.
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Malaysia’s ringgit traded near an 11- week high ahead of data forecast to show the Southeast Asian nation’s exports rebounded.
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Malaysia’s investment may soften in 2012 after foreign and domestic investment rose this year from 2010, Trade Minister Mustapa Mohamed said in Singapore today.
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Malaysia’s exports rebounded at a stronger pace than economists estimated in November as shipments of electronics and petroleum products increased.
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Telenor ASA, the largest phone company in the Nordic region, plans to open fourth-generation services in Malaysia, making it the first country in the company’s Asian operations to get the new high-speed networks.
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Malaysian International Trade and Industry Minister Mustapa Mohamed comments on the outlook for investment inflows from the Middle East amid the political turmoil in parts of the region. He spoke at a conference today in Kuala Lumpur.
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Malaysia unveiled 67 billion ringgit ($22 billion) of private-sector investments spanning energy, property and health, including oil and gas projects by Exxon Mobil Corp. and Royal Dutch Shell Plc.
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