http://gulfnews.com/business/markets/malaysia-to-form-task-force-to-review-capital-market-efficiency-1.1029272
"Malaysia announced private investment plans Tuesday worth a total 20.5 billion ringgit, as Southeast Asia's third biggest economy bolsters growth amid Europe's debt crisis.
"I think it's fair to say that Malaysia is becoming an increasingly attractive destination for investors," Najib said Tuesday.
Najib has sought to boost investment as he strives to shore up confidence in the government ahead of elections due by early 2013, unveiling in 2010 an Economic Transformation Programme that identified $444 billion of private-sector-led projects for the current decade.
Malaysia is set to hit a foreign-direct-investment target of 33 billion ringgit this year, International Trade and Industry Minister Mustafa Mohammad said yesterday."
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I find it very hard to believe that Lynas will be denied the permission to operate in light of the government's ambitions for the future.
Only a matter of time. [Currently holding, DYOR, just my $0.02]
http://gulfnews.com/business/markets/malaysia-to-form-task-force-...
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Mkt cap ! $6.860B | |||
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