Tuesday July 27, 2010
KUALA LUMPUR: The International Trade and Industry Ministry said foreign direct investment (FDI) for the first quarter nearly matched that of the entire 2009.
FDI inflows totalled RM5.06bil in the first quarter, versus RM5.66bil for all of 2009, said Minister Datuk Seri Mustapa Mohamed in a statement.
“But this is not enough. According to the PM, we still have to continue with reforms to attract investors and achieve the goals of the 10th Malaysia Plan and Vision 2020.” — Bernama
http://biz.thestar.com.my/news/story.asp?file=/2010/7/27/business/6740079&sec=business
Showing posts with label FDI. Show all posts
Showing posts with label FDI. Show all posts
Monday, July 26, 2010
Nazir: FDI drop needs careful study
Tuesday July 27, 2010
KUALA LUMPUR: The 2009 plunge in Malaysia’s foreign direct investment (FDI) needs to be studied carefully before jumping to conclusions, says CIMB Group Holdings Bhd chief executive officer Datuk Seri Nazir Razak.
“It doesn’t mean that lower net investment flow is necessarily bad.
“We need to look at the quality of the investments and look at the facts in terms of the timing of investments,” he told reporters yesterday after the group’s EGM.
Nazir was asked to comment on a recent United Nations’ The World Foreign Investment Report 2010 that said FDI in Malaysia plunged 81% in 2009, trailing behind countries like Philippines, Vietnam, Thailand, Indonesia and Singapore.
Citing CIMB and Malayan Banking Bhd’s (Maybank) big investments into Indonesia as possible factors that contributed to lower FDI figures so far this year, Nazir said: “Is this bad or not?
“It is a good thing because, in the long term, it is beneficial for Malaysia that Maybank invests and earns returns from Indonesia,” he said.
He added Malaysians should not jump and get over-excited about this investment data.
http://biz.thestar.com.my/news/story.asp?file=/2010/7/27/business/6738411&sec=business
KUALA LUMPUR: The 2009 plunge in Malaysia’s foreign direct investment (FDI) needs to be studied carefully before jumping to conclusions, says CIMB Group Holdings Bhd chief executive officer Datuk Seri Nazir Razak.
“It doesn’t mean that lower net investment flow is necessarily bad.
“We need to look at the quality of the investments and look at the facts in terms of the timing of investments,” he told reporters yesterday after the group’s EGM.
Nazir was asked to comment on a recent United Nations’ The World Foreign Investment Report 2010 that said FDI in Malaysia plunged 81% in 2009, trailing behind countries like Philippines, Vietnam, Thailand, Indonesia and Singapore.
Citing CIMB and Malayan Banking Bhd’s (Maybank) big investments into Indonesia as possible factors that contributed to lower FDI figures so far this year, Nazir said: “Is this bad or not?
“It is a good thing because, in the long term, it is beneficial for Malaysia that Maybank invests and earns returns from Indonesia,” he said.
He added Malaysians should not jump and get over-excited about this investment data.
http://biz.thestar.com.my/news/story.asp?file=/2010/7/27/business/6738411&sec=business
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