based on Hsinhua report U.S. CAPITAL INVESIMENTS IN MALAYSIA INCRIASE

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based on Hsinhua report

The Netherlands Handels Bank of Singapore will be reorganised into a U.S. Chaze Manhattan Bank Singapore branch within a month, said David Rockefeller, President of the Chase Manhattan Bank, in Kuala Lumpur on January 15th. It was reported that his bank had bouggt up the Bangkok, Singapore and Hongkong branches of the Handels Bank last year. The Chase Bank has also loaned Malaysia $5 million,

Rockefeller said that the existence of a branch of Chase Manhattan in Singapore would encourage U.S. investment in Malaysia. He pointed out that Malaysia has considerable foreign exchange and natural resources, The Malaysian Governemnt policy has offored adequate opport— unity for foreign investment, he added. The U.S. ombassy in Kuala Lumpur issued a communique on January 8th saying that the U.S. Government encouraged investment in Malaysia and would like to provide facilities for investment. According to official information reloased in Kuala Lumpur, January 14th, U.S. capital of 50 Malayan dollars (a little undor &£6m.) was so far tho largest compared with other paidup foreign capital invested in the nowly established industries in Malaysia,

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