The recent UNCTAD report showed that world FDI flows in 2009 fell by 37% affecting many countries, including Malaysia. Having seen the early signs of the decline, the government instituted wide-ranging reforms as early as April 2009.
“At the time that the global financial crisis was eroding investor confidence worldwide, the government recognized the need to transform the Malaysian economy to increase its attractiveness,” said YB Dato’ Sri Mustapa Mohamed, Minister of International Trade and Industry.
“Whilst acknowledging the dampening FDI inflows into Malaysia, it must be highlighted that Malaysia was also named in the same report as one of the top 15 host countries for FDI for 2010-12 by a survey of transnational corporations,” Mustapa said.
The government has introduced several key initiatives, such as economic liberalisation, the Government Transformation Programme, the New Economic Model, and the 10 th Malaysia Plan to spur the economy.
These efforts will achieve results over time. Malaysia has already seen an increase in FDI over the first quarter of 2010. FDI inflows now total RM5.06 billion for the period January-March 2010, compared with RM5.66 billion for all of 2009.
“Our FDI for the first quarter, nearly matches that of the full year for 2009. But this is not enough,” Mustapa said. “As the Prime Minister has stated, we still have to continue with reforms to make Malaysia more attractive to investors and to help us achieve the goals set out in the 10 th Malaysia Plan and under Vision 2020.”
The government has introduced several key initiatives, such as economic liberalisation, the Government Transformation Programme, the New Economic Model, and the 10 th Malaysia Plan to spur the economy.
These efforts will achieve results over time. Malaysia has already seen an increase in FDI over the first quarter of 2010. FDI inflows now total RM5.06 billion for the period January-March 2010, compared with RM5.66 billion for all of 2009.
“Our FDI for the first quarter, nearly matches that of the full year for 2009. But this is not enough,” Mustapa said. “As the Prime Minister has stated, we still have to continue with reforms to make Malaysia more attractive to investors and to help us achieve the goals set out in the 10 th Malaysia Plan and under Vision 2020.”
Media Statement by Dato’ Sri Mustapa Mohamed
Minister of International Trade and Industry, Malaysia
26 July 20“At the time that the global financial crisis was eroding investor confidence worldwide, the government recognized the need to transform the Malaysian economy to increase its attractiveness,” said YB Dato’ Sri Mustapa Mohamed, Minister of International Trade and Industry.
“Whilst acknowledging the dampening FDI inflows into Malaysia, it must be highlighted that Malaysia was also named in the same report as one of the top 15 host countries for FDI for 2010-12 by a survey of transnational corporations,” Mustapa said.
The government has introduced several key initiatives, such as economic liberalisation, the Government Transformation Programme, the New Economic Model, and the 10 th Malaysia Plan to spur the economy.
These efforts will achieve results over time. Malaysia has already seen an increase in FDI over the first quarter of 2010. FDI inflows now total RM5.06 billion for the period January-March 2010, compared with RM5.66 billion for all of 2009.
“Our FDI for the first quarter, nearly matches that of the full year for 2009. But this is not enough,” Mustapa said. “As the Prime Minister has stated, we still have to continue with reforms to make Malaysia more attractive to investors and to help us achieve the goals set out in the 10 th Malaysia Plan and under Vision 2020.”
The government has introduced several key initiatives, such as economic liberalisation, the Government Transformation Programme, the New Economic Model, and the 10 th Malaysia Plan to spur the economy.
These efforts will achieve results over time. Malaysia has already seen an increase in FDI over the first quarter of 2010. FDI inflows now total RM5.06 billion for the period January-March 2010, compared with RM5.66 billion for all of 2009.
“Our FDI for the first quarter, nearly matches that of the full year for 2009. But this is not enough,” Mustapa said. “As the Prime Minister has stated, we still have to continue with reforms to make Malaysia more attractive to investors and to help us achieve the goals set out in the 10 th Malaysia Plan and under Vision 2020.”
Media Statement by Dato’ Sri Mustapa Mohamed
Minister of International Trade and Industry, Malaysia
