CITIBANK LAUNCHES INVESTMENT GUIDE TO MALAYSIA.New York--(BUSINESS WIRE)--July 19, 1995--Citibank today announced the release in the U.S. of its new investment guide to Malaysia Malaysia (məlā`zhə), independent federation (2005 est. pop. 23,953,000), 128,430 sq mi (332,633 sq km), Southeast Asia. The official capital and by far the largest city is Kuala Lumpur; Putrajaya is the adminstrative capital. . The publication of the two-volume guide represents the latest update to the Citibank CITIBANK First National City Bank Investment Guide to Malaysia series which was initiated in 1986 to promote Malaysia to foreign corporations seeking an investment destination and a profit center for doing business. It also illustrates Citibank's long- term commitment to promoting investment in Asia, as shown by the recent publication of investment guides to Indonesia (September, 1994) and Vietnam (March, 1995). Citibank Malaysia's country manager, Sunil Sreenivasan, said, "Malaysia's strong economic performance over the last eight years has been due to the stable government and consistent and successful policies which have inspired international confidence. This has spurred private sector growth and industrial competitiveness. "Foreign direct investment will remain one of the key elements in Malaysia's industrialization industrialization Process of converting to a socioeconomic order in which industry is dominant. The changes that took place in Britain during the Industrial Revolution of the late 18th and 19th century led the way for the early industrializing nations of western Europe and process. The investment guide reflects Citibank's commitment to Malaysia by complementing the Government's efforts to attract quality investors here." Malaysia's international trade and industry minister, Rafidah Aziz
 m`pr), city (1990 est. pop. , said in her congratulatory con·grat·u·late tr.v. con·grat·u·lat·ed, con·grat·u·lat·ing, con·grat·u·lates To express joy or acknowledgment, as for the achievement or good fortune of (another). message that, "Efforts will continuously be undertaken to improve and enhance Malaysia's competitiveness as a sound investment center. The publication of investment guides by the private sector will assist in promoting Malaysia not only as an investment destination, but also as a center for doing business." Citibank Berhad, headquartered in Kuala Lumpur, is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Citibank, N.A. through its investment holding company, Citibank Overseas Investment Corporation. The company has been operating in Malaysia since 1959 and now employs 1,100 people in its corporate and consumer banking activities. Citibank Berhad has been granted Tier-1 status by the Central Bank, indicating it is able to satisfy stringent requirements covering capital adequacy, asset quality, management efficiency, earnings performance and liquidity position. For further information, or additional copies of the guide, please contact - In New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of : Ken Campbell (212) 559-0048 In Kuala Lumpur: Nicholas Ng (60-3)209-2168 CONTACT: Citibank In New York: Ken Campbell (212) 559-0048 In Kuala Lumpur: Nicholas Ng (60-3)209-2168 |
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