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Strategies & Market Trends : Asia Forum

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To: Mohan Marette who wrote (1354)	1/21/1998 10:01:00 PM
From: Stitch	Read Replies (1) of 9980

Mohan, I think it was you asking about the MSC in Malaysia? Anyway, this from todays newspaper: "The Multimedia Super Corridor (MSC) is rapidly taking shape in the physical form as work on infrastructure progresses ahead of schedule." It goes on to say that for this year alone Multimedia Development Corporation (MDC) estimates that the MSC companies will make investments totaling 1.9 billion ringiit to get their operations started. Further expected investments bring the total to 2.8 billion by the end of the 5th year of operations. The MDC has granted MSC status to 103 companies from the total of 176 applications. Of these 37 are local companies, 28 are joint ventures between local and international interests, 9 are from the United States, 1 from Canada, 12 from Europe, 5 from Japan, and 11 are from other parts of the world. Datuk Seri Dr. Mahatir was quoted as saying that the MSC project is proceeding ahead of schedule by one year. My previous post to you on this subject saying that it was forecasted to be behind is apparently mistaken. Sorry for that. Best, Stitch

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