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Economy

Malaysia readies tax breaks to draw Fortune 500 firms and unicorns

Southeast Asian economy seeks growth as haven from trade war

Malaysian Prime Minister Mahathir Mohamad enters parliament ahead of the presentation of the government's 2020 budget on Oct 11. (Photo by P Prem Kumar)

KUALA LUMPUR -- Malaysia's government has proposed tax incentives to attract multinationals and tech unicorns to the country, with a "special channel" for high-value Chinese investments, as Southeast Asia's third-largest economy seeks to profit from the U.S.-China trade war.

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