HK Multinationals Unlikely to Switch to Penang

By Julian Matthews

The July 1, 1997 deadline does not seem to have the business community in Malaysia rattled in any way. Manufacturers, government officials and industry analysts are of the consensus that it will still be “business as usual” in Hong Kong.

They say that Hong Kong’s role as a center for sales, marketing and distribution of electronic components and as a springboard into the burgeoning Chinese market will remain despite its return to China.

“We do not anticipate any lacking in ease of business. Hong Kong will maintain its role as an operational and service center, and may even expand this role over time,” said James Chuen, business development director for Solectron Technology Sdn Bhd.

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