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KOMAG Inc will invest US$20mil to upgrade and concentrate all its manufacturing activities in Penang and Sarawak, its chief executive officer Datuk T.H. Tan said.
The Government is working on measures to boost economic growth, including a contingency plan to protect the economy from the adverse effects of an impending US war against Iraq.
MALAYSIA achieved a trade surplus of RM6.3bil in January, 38.5% higher than the RM4.5bil surplus recorded in December last year. The January surplus was the largest recorded by the country since March 2000, according to the Ministry of International Trade and Industry (Miti).