Faced with continuing weakness in global markets, domestic direct investment must be a priority for the government.
Above all investments must be market-driven, not driven by government planning. Otherwise policy designers who have never been involved in industrial investments give us “boys-toys, sunshine and windmills” based on fictional narratives rather than firm reality. To reverse this, DDI strategies must create the market space and conditions to promote private investments based on sound commercial decisions.
GLCs have crowded out the private sector by taking preferential market share and GLICs have also preferred GLC-focused investments. This closes down space for access and finance of private investment. The pull of overseas markets is also strong with better investment returns in other countries. The Malaysian market is small and overseas markets in Vietnam and Indonesia are larger and growing faster.
For now apart from EPF, many of the GLICs are too small in terms of assets and some are underperforming. They can be combined into a Malaysian superfund to promote DDI and use the proceeds for social protection.
Portugal Últimas Notícias, Portugal Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Fonte: malaymail - 🏆 1. / 86 Consulte Mais informação »