Malaysia

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2006 was marked by major developments in Malaysia with regards to the launch of the Ninth Malaysia Plan, ASEAN integration, big construction projects abroad and the development of Islamic finance.
Indian consulting and IT giant Satyam Computer Services announced this month that it will create a 2000-seat software engineering centre in Cyberjaya, south of Kuala Lumpur, to provide technological development and software support services to customers in the US, the Middle East and Asia.
Last month, British firm Rolls Royce, a leading provider of power systems and services, announced a partnership with Metalysis Ltd to launch Malaysia's first tantalum processing and research and development (R&D) facility.
A Malaysian Islamic insurance (takaful) firm has become the first Islamic insurance company in the world to assign the Islamic International Rating Agency (IIRA) to rate its products.
This week, Deputy Prime Minister Najib Tun Razak called for an end to decades of disagreements with Singapore, saying that the neighbours should focus on cooperation in the face of growing regional economic competition.
The US has expressed its desire to conclude the free trade agreement (FTA) negotiations with Malaysia by early 2007, based on the encouraging progress made in the third round of talks held in Kuala Lumpur earlier this month.

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