Investors adopt wait-and-see attitude

KUALA LUMPUR: Foreign investors are adopting a wait-and-see attitude in view of the upcoming general election before investing in the country.

However, the investors’ sentiment remained intact as approved investments worth billions of ringgit were put on hold until the general elections was over, said Deputy Minister of International Trade and Industry Datuk Paduka Mukhriz Tun Dr Mahathir.

Speaking at the World Halal Week, he said the investors would like to see the continuity in policies before investing in Malaysia.

“They want to be certain first that the results of the elections will be conducive. I suspect they like to see Barisan Nasional return to power before they bring in their investments,” he said after the official closing ceremony of the event.

This year, the Malaysia Halal Week was introduced as the World Halal Week, which incorporated the Malaysia International Halal Showcase and the World Halal Week Conference 2013.

The two-day conference, which ended yesterday, focused on deliberating issues and sharing advancements in halal research, innovation and its applications in business. — Bernama