Mukhriz: M’sia to stay as foremost Asean destination for FDI
PETALING JAYA: Deputy International Trade and Industry Minister Datuk Mukhriz Mahathir is confident of
Malaysia maintaining its position as the foremost foreign direct investment
(FDI) destination in Asean.
He said the sentiment of
foreign investors remained positive, encouraged by the effectiveness of the
country’s continuing economic transformation policies introduced by the
Government, despite the economic crisis.
“The Asean region is growing
rapidly and investors are very keen on investing in Malaysia, as among the
regional members, we have posted the best economic growth. Last year’s gross
domestic product rose to 5.6%.
“This is a result to be proud of, as it was achieved in a
not-very-encouraging economic climate at the global level. This is what creates
confidence among investors,” he told reporters after launching the CreaNova
2013 here yesterday.
Asked about the effect of the forthcoming 13th general election
(GE) on the total FDI, Mukhriz said the situation had impacted the decision of
investors. He said the backdrop of uncertainity in the country had made the
foreign investors take a wait-and-see attitude. “I believe many more investors
are waiting for the outcome of the 13th GE, as it would decide whether the
country’s existing economic policies would be continued or otherwise,” he
added.
Source: The
Star
Date : 26 Feb
2013
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