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Negative reports: Element that hinder investors to Malaysia Leiking

0 month ago, 14-May-2019


Datuk Darell Leiking – Bernama file photo

ALOR SETAR: There may be elements that portray Malaysia as an unfavourable destination for investors in the wake of negative reports on the country, with one saying that global funds are bypassing Malaysia in favour of other markets.

International Trade and Industry Minister, Datuk Darell Leiking, said despite thesenegative reports, many investors are actually still coming to invest in Malaysia.

“We take the (allegations as a) challenge…our prime minister (Tun Dr Mahathir Mohamad) always advisedus not to fight, but we should show them what we can do.

“When you are doing the right thing, obviously, there are always people who will condemn it because they know you will succeed,” he said after a meeting with Kedah Menteri BesarDatuk Seri Mukhriz Tun Mahathir at Wisma Darul Aman here, today.

Leiking was commenting on a Bloomberg report yesterdaywhich alleged that global funds arebypassingMalaysia in favour of other countries as they failedto see reforms as promised by the Pakatan Harapan government.

Stocks in Malaysia recorded outflows in all but two of the past 12 months, while the ringgit trailed most of its peers, the financial news company said in its report.

Leiking said in the case of Malaysia, the country is lead by avery able prime minister to guide his cabinet members to ensure that they do the right thingand avoid mistakes.

“At the same time, we are enticing the investors with an attractive environment, and various facilities that each state has,” he said. – Bernama

Negative reports: Element that hinder investors to Malaysia – Leiking Borneo Post Online.





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