Malaysia

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Malaysia will soon begin work on a $14.5bn project to build two refineries and an oil pipeline linking them in the northern part of the country.
Asian Finance Bank (AFB), the latest Islamic bank in Malaysia, opened last week. Qatar Islamic Bank (QIB) announced the opening of the bank with a capital of $100m.
Surging demand for Malaysian timber in construction and property projects abroad is fuelling higher export earnings in the sector.
During a recent six-day visit to South Korea, Malaysia's Deputy Prime Minister Najib Tun Razak urged Korean businessmen to use Malaysia as a gateway to regional Asean markets and explore potential investment projects.
Western insurance companies are targeting South-east Asia, particularly Malaysia, as an expansion zone for the Islamic re-insurance market.
Prime Minister Abdullah Ahmad Badawi officially inaugurated the largest private sector-initiated development in South East Asia, Nusajaya-Regional City, last week.

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