Judicial independence key for investment, say economists

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Universiti Tun Abdul Razak academic backs calls for a royal commission of inquiry into the independence and integrity of the judiciary. FMTNews Economy JudicialIndependence

Questions about judicial independence have arisen following the publication of the memoirs of former attorney-general Tommy Thomas.

Universiti Tun Abdul Razak economist Barjoyai Bardai said the political and legal environment is an important factor for drawing investment, particularly from overseas.Questions have been raised over judicial integrity and independence in the country following revelations made by former attorney-general Tommy Thomas in his memoirs. Umno Youth has called for an inquiry into the Thomas book and on judicial independence.

Barjoyai said an inquiry into these issues will also help improve Malaysia’s standing in Transparency International’s Corruption Perception Index which saw a decline in 2020.Malaysian Institute for Economic Research economist Shankaran Nambiar said judicial independence is important for the economy as investors want to be sure that their investments are safe.

 

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