Wednesday, 24 Mar 2021 11:53 PM MYTThe PKR president also pointed out that other multinationals and foreign direct investment opportunities are opting away from Malaysia over the last few months, a trend that he accused the Perikatan Nasional government of trivialising.
“The PN government’s response to this trend seems to be that it doesn’t matter. The senior minister overseeing foreign investment said that Malaysia has the luxury of being selective and is seeking high-value investors while turning away the low-value ones. Azmin had said that Putrajaya was instead employing a more selective investment plan, in its aim towards reducing its dependence on foreign labour while gunning for more quality investments.
The Port Dickson MP also reminded the senior minister that the EU-Malaysia Chamber of Commerce and Industry had voiced its concerns regarding Malaysia as a viable investment destination, and how Malaysia was downgraded to a BBB+ by credit raters Fitch. “The Emergency has eroded confidence in the PN coalition, its policy framework and its commitment to good governance and the rule of law.