Indonesian Political, Business & Finance News

KL ends ban on British business

| Source: AFP

KL ends ban on British business

KUALA LUMPUR (AFP): The Malaysia government announced yesterday it was lifting its Feb. 25 ban on British firms to participate in government contracts with immediate effect.

Deputy Prime Minister Anwar Ibrahim said the decision to lift the ban was made by the cabinet at its weekly meeting yesterday.

"I would like to inform that the cabinet has decided that British companies will be eligible fully in all government contracts .. based on their competitivenesss and other abilities effective today," Anwar told reporters.

The ban was imposed following reports in the British media of corruption in Prime Minister Mahathir Mohamad's administration and in Anglo-Malaysian trade.

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