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Govt defends RM16b investment outflow

October 10, 2012

G Vinod | October 10, 2012 (FMT) 

International Trade and Industry ministry says that the investment outflow shows that Malaysian companies were globally competitive and seeking places with low labour costs.

KUALA LUMPUR: The government defended the nation’s investment outflow worth RM16.91 billion for the first quarter of 2012, saying it reflected the strength of Malaysian corporate sector.

Earlier, PAS MP Dzulkefly Ahmad raised concerns that Malaysia only received RM9.43 billion in foreign direct investment (FDI) in the first quarter, as opposed to the investment outflow worth more than RM16 billion.

The Kuala Selangor MP also asked the International Trade and Industry Ministry on how it planned to address the situation.
In a written reply to Parliament, the ministry said that there were many reasons on why Malaysian companies invest out of the country; among them is to expand their businesses overseas.

“The companies are also looking for places with low labour cost, on top of trying to gain access to foreign technology and brand to expand their ventures,” said the ministry.

It also said that taking invetsments to the global arena would help Malaysian companies to be more competitive and bring better profit margins back to the country.

Meanwhile, Dzulkefly rebuttted the ministry’s statement, saying the companies were not taking their investments to benefit from cheap labour cost.
“Those investing outside Malaysia are from the oil and gas industry, financial companies and those involved in wholesale and retail. These companies are not labour-intensive types,” he said.

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Bila RM16.91 bilion dana mengalir keluar (Harakahdaily)

………..Dengan matlamat Najib untuk meningkatkan pelaburan tempatan (DDI) ke paras 80% dari 93% peningkatan pelaburan menjelang 2020, dan 20% selebihnya dari sumber FDI , trend ini adalah sangat menggusarkan para analis kewangan dan pelaburan kerana jelasnya tidak mapan di segi
tempoh yang lebih jauh.

Program-program ETP dan EPP memerlukan dana pelaburan untuk memacu pertumbuhan. Seandainya syarikat lebih selesa dan yakin melabur di luar maka Negara akan mengalami kekurangan dana untuk menjalankan kegiatan ekonomi khasnya dalam bidang-bidang NKEA yang menjadi pemangkin utama ‘pertumbuhan’.

Satu kajian yang lebih rapi adalah amat diperlukan supaya pihak MITI dan MIDA tidak bermudah dengan penjelasan dan alasan yang sama (generic) dalam menerangkan sebab-sebab berlaku aliran keluar dana pelaburan yang sepatutnya memacu dan mejana pertumbuhan dalam Negara.

 

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2 Comments leave one →
  1. najib manaukau permalink
    October 11, 2012 12:25 am

    This is a typical excuse coming from the useless and good for nothing scumbags and parasites from Umno ! What excuses can these morons come up with all the top brains and professionals immigrating and the scumbags and parasites are now unable to come up with any more excuses for the outflow. They now are coming with Talent Corp. to lure these professionals to return to serve the country with cash and added cash incentives. Typical of these morons that can only treat and treat any and all their problems with cash, without treating causes of the problem but can only treat this problem of its symptoms.
    A real and quick solution to this problem and all other shambles created by them is to vote them out of Putrajaya once and for all time !

  2. Black Arrow permalink
    October 11, 2012 9:14 am

    These ministry flers are stupid morons. Outflow of Investment is never good.

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