Malaysia

Liberalisation of the Guidelines of the Foreign Investment Committee

Christopher Lee & Quek Sue Yian. Wong & Partners,* Kuala Lumpur, Malaysia. *Correspondent Law Firm of Baker & McKenzie

Background

The dust of SARS, September 11, and the War on Terrorism may be settling. However, there remains a sentiment that a global recession may be round the corner. To mitigate against such an eventuality, the Malaysian Government has laid out a blueprint aimed at holding the economy steady against the wave of external slowdown. This blueprint is laid out in the “New Strategies Towards Stimulating the Nation’s Economic Growth” (the “Package”). This Package focuses on the four main approaches that the Malaysian Government will be taking to stimulate the Malaysian economy, these being: