Keadilan Ekonomi Untuk Rakyat

Ekonomi Sejahtera, Rakyat Merdeka

Time Running Out For Malaysian Economy

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Good article by Dr Lim Teck Ghee from Centre of Policy Initiatives.

More evidence has just come in that time is running out for the country to get its basics right if the Malaysian economy is to grow at a respectable pace. According to the United Nations’ World Investment Report 2010, foreign direct investment (FDI) for  Malaysia has plunged 81 percent from US$7.32 billion (RM23.47 billion) in 2008 to just US$1.38 billion (RM4.43 billion) last year.

This is further confirmation that despite the many efforts to court foreign investors to invest here, the foreign and local business community is not buying what is being sold to them in terms of the attractiveness of Malaysia as a place to do business.

The latest data must be especially a letdown for Prime Minister Najib Razak who has been active on the international front, attending investor meetings and courting foreign fund managers and foreign business leaders to persuade them to put their money in Malaysia.

Please do read further here


Written by muslimmalaysia

August 4, 2010 at 12:21 pm

Posted in Berita Nasional

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