Govt clueless on investment and economy, says Daim

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Former finance minister says Putrajaya has to be transparent about the state of emergency to win investors’ confidence. FMTNews DaimZainuddin

Daim Zainuddin says no investor will enter a country where they feel incompetence is so glaring.

“If we want to regain our status as a good investment destination, the leaders need to be better and, at the moment, investors do not see that happening. Don’t forget investors have choices. And they vote with their feet,” he told FMT in an email interview. “This goes to show that Malaysia’s competitiveness in the investment landscape has fallen behind our regional competitors, who are fast climbing up the ladder of FDI destinations.

He said it was also vital to address the deficit in skilled workers and tackle under-employment, increase technological absorption, and ease investors’ concerns about political stability. He reminded the government that while Malaysia has enjoyed robust growth and progress in previous decades, “what got us here may not get us there”.

 

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Masa tun,memang banyak melayu taikun tapi depa semua hidup atas kontrak bisness dari gomen.lepas tu,tak tolong melayu lain.depa pau semua kat depa.kita nak yg pandai sales dan repeat business tanpa gomen bantu.

mahathir govt kept saying we are going bankrupt. lol is that how you want to win investor's confidence?

when ph was in charge of governing. the gov was attacked also attacked. not doing anything on fdi. now pn gov again came under the same attack. the conclusion is neither side is capable of enacting good policies to attract fdi.

so not really about emergency. attacking emergency rule spells of political tones. our trade and investment policies are out of date. anti market and anti competition. just change it to move ahead of asean countries.

thailand was doing fine when taken over by army and imposed under emergency. when talk about trade and imvestment. should be focused on enacting competitive. market frenly and pros business incentives. trade rules and guidelines. they are here to make monies. not to donate monies

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