Mar 1, 2013

Malaysia - M’sia to stay as foremost Asean destination for FDI

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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.


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