KUALA LUMPUR, June 19 — Malaysia needs to draw up highly competitive investment policies to attract more investments to help eradicate poverty, said former prime minister Tun Dr Mahathir Mohamad.
“I just went to Indonesia and found that now many investors are keen to invest in Indonesia because its 270 million population offers a bigger market than Malaysia, which has a population of just over 30 million. Dr Mahathir said he believed good investment policies would spur the establishment of new industries, including on supply of components, and create more job opportunities.
Earlier, in his speech, Dr Mahathir said poverty affected all races in this country but the problem was worse among the Malays, to the extent that sometimes they were forced to sell their properties including land in order to survive.
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