is confident of attracting more foreign investment this year after a big decline in 2020, and is looking at incentives to help support that goal, its finance minister said on Monday, April 5.
"If the investor is bringing R&D, these are not really tangible, but perhaps we should give the incentive to that as well," he said, adding the drop in foreign direct investment last year was largely due to the one-off impact of the coronavirus pandemic and political uncertainties. "I think they've seen that most of the policies are intact, we have not changed any tax policies, initiatives and incentives are not being pulled. That shows that government is consistent," Zafrul said, referring to the change in government in February last year.
Malaysia had filed a legal challenge in 2018 to a settlement agreement between 1MDB and IPIC negotiated during the premiership of former leader1MDB said last month it still had 32.3 billion ringgit in outstanding debt.
Meanwhile in Duterteland...