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For MIFC itself, Razif admits “the timing and momentum has been a bit disrupted,” but says that is a question of global problems. He feels that in policy terms, all that needs to be done is in place: tax exemptions for 10 years, flexibility on branch status, minor capital requirements, no withholding tax for investors. “In terms of the number of players that have submitted applications, you would be surprised.”

 This article was one of a series in IFR Asia’s Malaysia debt markets report, April 2009

Chris Wright
Chris Wright
Chris is a journalist specialising in business and financial journalism across Asia, Australia and the Middle East. He is Asia editor for Euromoney magazine and has written for publications including the Financial Times, Institutional Investor, Forbes, Asiamoney, the Australian Financial Review, Discovery Channel Magazine, Qantas: The Australian Way and BRW. He is the author of No More Worlds to Conquer, published by HarperCollins.

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