ID :
19097
Fri, 09/12/2008 - 11:11
Auther :
Shortlink :
https://oananews.org//node/19097
The shortlink copeid
MINISTER REASSURES FOREIGN INVESTORS "BUSINESS IS AS USUAL" IN M'SIA By By Zakaria Abul Wahab
SINGAPORE, Sept 11 (Bernama) - Malaysia has reassured foreign investors that "business is as usual" in the country though it is experiencing some tumultuous moments in domestic politics.
The assurance was given by International Trade and Industry Minister
Muhyiddin Yassin in a dialogue session at the Forbes Global CEO Conference
here Wednesday.
He said the Malaysian government would continue to implement existing trade
and investment policies and exercise the best initiatives to encourage more
foreign investment into the country.
He said not only the current trade and investment incentives would continue
to be available but more incentives would be provided in the hope more investors
would be attracted to come to Malaysia.
In the dialogue session moderated by Forbes Chairman Steve Forbes,
Muhyiddin said foreign investors should not be too concerned with the political
on-goings in Malaysia.
He said it was still the same political party, the Barisan Nasional, that
was helming the current government after the last general election.
The Umno vice-president said the current domestic politics had generated a
lot of interest among many outside Malaysia as opposition leader Anwar Ibrahim
was planning to take over a legitimate government on Sept 16.
Muhyiddin assured the 400-odd top-notch world business delegates to the
conference that Anwar's plan would not materialise.
He said Malaysians were peace-loving and united people and it would be
a great concern to them if there was any slight disturbance in the country.
The minister also gave a positive outlook on the Malaysian economy in the
coming months, saying it would remain resilient despite the global recession
triggered by a slowdown in the US economy.
He said the resilience of the Malaysian economy to weather a slowdown in
the global economy was reflected in the 6.3 percent strong economic growth
last year and 6.7 per cent in the first half of this year.
Malaysia's GDP growth is expected to moderate at 5.7 per cent for the whole
of this year, he said.
Muhyiddin also said Iskandar Malaysia, one of the five new economic zones
initiated by the government, was doing well with approved investments in the
manufacturing and services sectors amounting to RM39.1 billion as at last month.
Of this figure, he said, the foreign direct investments were RM20.4 billion
for both sectors.
The assurance was given by International Trade and Industry Minister
Muhyiddin Yassin in a dialogue session at the Forbes Global CEO Conference
here Wednesday.
He said the Malaysian government would continue to implement existing trade
and investment policies and exercise the best initiatives to encourage more
foreign investment into the country.
He said not only the current trade and investment incentives would continue
to be available but more incentives would be provided in the hope more investors
would be attracted to come to Malaysia.
In the dialogue session moderated by Forbes Chairman Steve Forbes,
Muhyiddin said foreign investors should not be too concerned with the political
on-goings in Malaysia.
He said it was still the same political party, the Barisan Nasional, that
was helming the current government after the last general election.
The Umno vice-president said the current domestic politics had generated a
lot of interest among many outside Malaysia as opposition leader Anwar Ibrahim
was planning to take over a legitimate government on Sept 16.
Muhyiddin assured the 400-odd top-notch world business delegates to the
conference that Anwar's plan would not materialise.
He said Malaysians were peace-loving and united people and it would be
a great concern to them if there was any slight disturbance in the country.
The minister also gave a positive outlook on the Malaysian economy in the
coming months, saying it would remain resilient despite the global recession
triggered by a slowdown in the US economy.
He said the resilience of the Malaysian economy to weather a slowdown in
the global economy was reflected in the 6.3 percent strong economic growth
last year and 6.7 per cent in the first half of this year.
Malaysia's GDP growth is expected to moderate at 5.7 per cent for the whole
of this year, he said.
Muhyiddin also said Iskandar Malaysia, one of the five new economic zones
initiated by the government, was doing well with approved investments in the
manufacturing and services sectors amounting to RM39.1 billion as at last month.
Of this figure, he said, the foreign direct investments were RM20.4 billion
for both sectors.
