KL invests $3.2b in growth triangle<\/p>\n
KUALA LUMPUR (AFP): Malaysia has invested eight billion
\nringgit (US$3.2 billion) in an economic growth triangle that
\nencompasses Indonesia, Malaysia and Thailand, economic adviser
\nDaim Zainuddin said yesterday.<\/p>\n
The investments were made shortly after the triangle was
\nformed in 1993 and encompassed manufacturing, trading, energy,
\ntelecommunications, tourism and construction projects, Bernama
\nnews agency quoted Daim as saying<\/p>\n
\"Out of 39 memoranda of understanding in which Malaysia
\nparticipated, 16 have been implemented,\" said Daim, adding that
\nthe other projects were in various stages of implementation.<\/p>\n
He was opening the fifth ministerial meeting of the Indonesia-
\nMalaysia-Thailand Growth Triangle in Malaysia's northeastern
\nKelantan state.<\/p>\n
It was attended by Thai Deputy Prime Minister Amnuay Viravan
\nand Indonesia's Minister for Investment Sanyoto Sastrowardoyo.<\/p>\n
Daim said another 73 projects had been identified for
\ncollaboration. Thirty-three of the projects were proposed by the
\nAsian Development Bank while 40 were mooted by the private
\nsector.<\/p>\n
Malaysian investors were actively involved in the growth area
\nsince it was set up in 1993 to boost cooperation among the three
\ncountries, said Daim, Malaysia's former finance minister.<\/p>\n
Four northern states in Malaysia -- Kedah, Perak, Penang and
\nPerlis -- and Thailand's five southern provinces -- Satun,
\nSongkhla, Yala, Narathiwat and Pattani, with a total population
\nof 26 million, are part of the growth triangle.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/kl-invests-32b-in-growth-triangle-1447893297",
"image": ""
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