SLOWDOWN IN EUROPE WILL NOT AFFECT INVESTMENT FLOW, SAYS MINISTER

BANGI (Malaysia), July 17 (Bernama) –- The economic slowdown in Europe will
not affect the flow of its investments to Malaysia, said Minister of
International Trade and Industry, Mustapa Mohamed.

Mustapa said there was still interest from the Germans and French to invest
here due to their strong growth compared with their friends in the European
Union.

"The UK and Holland are still the major sources of investments in Malaysia.
We think it will not affect their investments here," he told a media briefing
after officiating the ministry's inter-agency sports meet at the Petronas
Training Centre here Saturday.

He said there were news reports on European countries like Portugal, Greece,
Iceland, Ireland and Spain facing economic slowdown but their investments in
Malaysia were not significant.

Mustapa said this year, his ministry would focus on wooing investors from
neighbouring countries in Asia, especially Singapore.

He said Singapore was one of the important sources of investments in
Malaysia and efforts had started to increase the promotion to woo the investors.

"The potentials are big. I will visit Singapore on Aug 4-5. Last month, 88
Singapore companies visited Iskandar Malaysia in Johor," he said.

Mustapa said with limited land resources, Singapore needed to find suitable
location and Iskandar Malaysia has the potential to attract the companies," he
said.

He said Singapore has been Malaysia's largest source of tourists and the
third largest investors.

Japan, South Korea and India were also able to increase their investments
this year other than Singapore, Indonesia and Vietnam, he said.

Mustapa will lead a trade and investment mission to Seoul and Busan, South
Korea from Saturday to July 22, 2010.

-- BERNAMA




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