Malaysia PM welcomes Honda, worries about Proton


By Jalil Hamid MALACCA, Malaysia, Jan 30 (Reuters) - Prime Minister Mahathir Mohamad welcomed the launch of Honda Motor production facilities in Malaysia on Thursday but worried about competition the firm offers to national carmarker Proton . The vote of confidence by Japan's number two carmaker came as Malaysia struggles to maintain foreign direct investment (FDI) flows, which dropped 41 percent in 2002 on the year to 11.2 billion ringgit ($2.9 billion). The 170-million-ringgit plant ...

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