CDC eyes Malaysia's banking<\/p>\n
KUALA LUMPUR (AFP): A Taiwanese firm yesterday expressed
\ninterest in investing in Malaysia's banking sector amid the Asian
\neconomic crisis which has sent the once booming economy into a
\nslowdown.<\/p>\n
Finance Minister Anwar Ibrahim was quoted by Bernama news
\nagency as saying Taiwan's China Development Corporation (CDC) was
\nkeen to participate in specific sectors of the Malaysian economy.<\/p>\n
\"It was not a general discussion but some very specific
\nproposals for investment,\" he said.<\/p>\n
Earlier, Anwar, who is also the deputy prime minister met Liu
\nTai-ying, who is the chairman of CDC, the largest investment
\ncompany of the ruling Kuomintang (KMT).<\/p>\n
Liu later told reporters his discussions with Anwar centered
\non the issue of liberalizing Malaysia's foreign equity
\nparticipation in the banking sector.<\/p>\n
\"He (Anwar) promised that it will be looked into on a case-to-
\ncase basis,\" he said.<\/p>\n
Liu, is expected to sign US$300 million worth of deals during
\nthe nine-day tour of Thailand, Malaysia, Indonesia, and the
\nPhilippines.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/cdc-eyes-malaysias-banking-1447893297",
"image": ""
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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