‘63PC GROWTH IN FDI RE­FLECTS IN­VESTOR CON­FI­DENCE’

Govern­ment poli­cies driv­ing na­tion’s econ­omy on right track, says Na­jib

New Straits Times - - News -

FER­NANDO FONG KUALA LUMPUR kee.soon@nst.com.my

PRIME Min­is­ter Datuk Seri Na­jib Razak said for­eign di­rect in­vest­ment (FDI) in the coun­try last year in­creased by 63.4 per cent from 2015, re­flect­ing the con­fi­dence of for­eign in­vestors in the coun­try’s econ­omy.

Based on data from the Malaysian In­vest­ment De­vel­op­ment Author­ity, he said Malaysia re­ceived RM59 bil­lion in for­eign di­rect in­vest­ment last year com­pared with RM36 bil­lion in 2015.

This brings last year’s to­tal in­vest­ment to RM207.9 bil­lion.

“This in­crease shows the con­fi­dence of for­eign in­vestors in the coun­try’s econ­omy.

“It also shows that the govern­ment’s poli­cies in chart­ing the coun­try’s econ­omy are on the right track,” he said in an au­dio clip posted on his web­site, www.Na­jibRazak.com, yes­ter­day.

He said the eco­nomic strength of a coun­try could be mea­sured by many as­pects, in­clud­ing for­eign di­rect in­vest­ment, as it re­flected the con­fi­dence for­eign in­vestors had in the coun­try’s econ­omy.

Na­jib, who is also fi­nance min­is­ter, said it was not easy to at­tract for­eign in­vestors be­cause of stiff com­pe­ti­tion among coun­tries.

He said th­ese fig­ures in­di­rectly de­bunked slan­der­ous and ma­li­cious al­le­ga­tions that Malaysia would be bank­rupt or be­come a failed state.

“If for­eign in­vestors are con­fi­dent in the Malaysian econ­omy, do we, as Malaysians, have any rea­son to deny this fact?

“The govern­ment will con­tinue its ef­forts to grow the econ­omy for the ben­e­fit of all cit­i­zens.

“There­fore, I hope Malaysians will con­tinue to have faith in the govern­ment, as it will spur the govern­ment to con­tinue strength­en­ing the econ­omy,” said Na­jib.

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