Economics
Najib Unveils $6.5 Billion in Malaysia Private Investment
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Malaysia announced private investment plans worth a total 20.5 billion ringgit ($6.5 billion), seeking to bolster growth as Europe’s debt crisis threatens to slow expansion in Southeast Asia’s third-biggest economy.
The investments include a 12.5 billion-ringgit property development by GuocoLand Malaysia Bhd. near the Kuala Lumpur International Airport, Prime Minister Najib Razak said yesterday in the Kelana Jaya suburb outside the capital.