Friday, 13 January 2017

(The Star) Zahid: We need foreign investors

BEIJING: Malaysia needs foreign investors to boost its economic growth, said Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hami­di.
He said the people should welcome foreign investors with an open heart because they contribu­ted in transfer of knowledge and technology to local companies.
“The Singaporeans and South Koreans are among our biggest investors. Why does no one say they are robbing domestic investors of opportunities?” he asked.
Dr Ahmad Zahid was commenting on a claim by his predecessor Tan Sri Muhyiddin Yassin, who said that the Chinese investors would rob the locals of their rice bowl.
“The economic growth also depends on the volume of foreign direct investment (FDI) into our country.
“(Although) Domestic investment was given the priority, the capacity is limited especially in injecting ca­pital for new technology, so we have to get new investors,” he added.
In Johor Baru, Datuk Seri Dr Wee Ka Siong said Malaysia and China are friends without hidden motives but for mutual economic growth.
The Minister in the Prime Mi­nis­ter’s Department rubbished claims that sharing such close ties with the republic was equivalent to selling Malaysia to China.
The MCA deputy president said such investments brought a ripple effect that benefited Malaysians.
He gave an example where investments in the construction sector brought businesses to 44 related firms.
“China is the second largest economic powerhouse in the world and I won’t be surprised if it claims the top spot in another five years,” he said at the Pulai MCA division ‘Stronger Together’ dinner with Chinese associations and groups on Wednesday night.
He said Muhyiddin, who was former deputy prime minister, had in December 2015 led a group of delegates to Chongqing and Beijing to discuss investment and business opportunities.
“Why did he agree to it back then but is claiming now that Malaysians are not happy about business dealings with the Chinese nationals?

“Does this mean that once he changed parties, his mindset also changed?” he asked.