Dr M: Malaysia needs more competitive investment policies

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KUALA LUMPUR: Malaysia needs to draw up highly competitive investment policies to attract more investments to help eradicate poverty, says former prime minister Tun Dr Mahathir Mohamad.

He said if Malaysia did not have such policies, good infrastructure and an efficient administration, many potential investors would turn to other South-east Asian countries like Indonesia to invest.

"The production cost in Indonesia is also lower than ours, so we need to find ways to overcome this,” he told a media conference at a forum on post-pandemic poverty in Malaysia, organised by the Malay Economic Action Council here on Sunday . "So investment is one way to enrich the country. Without investments, the country will become poor and if investors are not treated well and lured by attractive policies, I believe people like Elon Musk would choose to go to Indonesia,” he added.

 

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Malaysia needs new leaders; less than 55 of age

The way to invest currently is Outside Malaysia & whatever you do just take money out of the country while you still can , even EPF and shit no point Hoping on a sinking ship on fire 🔥

'I just went to Indo and found that now many investors are keen to invest in Indo coz its 270 mil population offers a bigger market than Msia, which has a population of just over 30 mil'...what? Now only u know Aiyoyo!

very much agree. government should compensate the trading losses to the investors.

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