EconomyMalaysia 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)
P PREM KUMAR, Nikkei staff writer
October 11, 2019 22:46 JST
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.