6 NOVEMBER 2016 SI T E S E L E C T IO NMALA YSIAKulim Hi-Tech Park Lands Two Plum ProjectsInflation fell to a 15-month low of 1.6 percent in June. Bank Negara Malaysia — the nation’s central bank — just lowered the Overnight Policy interest rate a quarter-point to 3 percent, the first rate cut since 2009. Industrial production rose 5.3 percent the same month, the strongest such performance since July 2015. And a nagging contraction in Malaysian exports appears to be easing. Economic indicators moving in the right direction like these bode well for multinationals opening or planning new facilities in this Southeast Asian country in the heart of the by MARK ARENDmar k .ar end@ site s ele c tion.c omHigh-tech space: Kulim High Tech Park, near Penang, MalaysiaPhoto courtesy of KHTPMalaysia 1611.indd 611/3/16 2:00 PM
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