‘Malaysia to be more competitive in the long run’

KUALA LUMPUR: China investors have expressed confidence in Malaysia, saying the new Pakatan Harapan government offers favourable investment environment and political stability.

Malaysia-China Chamber of Commerce (MCCC) president Tan Yew Sing said as the change in government was done smoothly, more China investors would look for business opportunities in the country.

“In the long run, I think Malaysia will be more competitive. For example, the anti-corruption drive would mitigate corruption in the country.

“Corruption is a business cost to people. If a country has an independent judiciary to minimise corruption, I think investors would like it,” said Tan after a meeting with the Council of Eminent Persons, here, yesterday.

The government has been conducting investigations into the previous government and private entities.

He said China investors would return as the government had a transparent business policy and zero tolerance for corruption.

Tan said China’s investments in Malaysia were important just like any other foreign investments, but might have to be reviewed to benefit both countries.

He said MCCC welcomed Chinese investments involving human resources and transfer of technology.

Tan said they also discussed the East Coast Rail Link and China property investments during the meeting.