Malaysia - Not a good place to invest for foreigners

Written on July 2, 2009 – 8:40 am | by Kampung Boy |

Foreigners are running away from Malaysia. They don’t seem interested to put their money in Malaysia. A drop of more then 90% of direct investment so far this year from January to May 2009.

In 2008, Malaysia had a RM 46 billion foreign direct investment while this 5 months only a mere RM 4.2 billion seen. This is a worrying figure as this shows how strong and capable our economy in facing the global financial problems.

I guess this figures are really sending the shivers down our PM’s (Najib) neck. Najib was “kind” in revoking the 30% equity requirement for bumiputras in public listed companies. Now we know why he has to do that.

To be honest, i think this bold step should have been taken 20 years ago during Mahatir’s time as PM and not only now. Malaysia is taking those foreign investors for a ride. It is just like when the time is good, you forget about us (foreign investors) and now when you are in deep shit, you expect us to come and support you?

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