Malaysia needs clearer economic directions to attract FDI, says Johari

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KUALA LUMPUR: Former second finance minister Datuk Seri Johari Abdul Ghani (pix) has called for clearer economic directions to attract and sustain for...

Former second finance minister Datuk Seri Johari Abdul Ghani has called for clearer economic directions to attract and sustain foreign direct investments into Malaysia.

“By right, we must formulate the 12MP. We should strategise for the next five years or more so that potential investors can look at our document and know what are our strategies. Only then would they be interested to invest here in the future,” he said during the assembly held at the Kuala Lumpur World Trade Centre.

Based on a United Nations Conference on Trade and Development report, Malaysia’s FDI fell to US$2.5 billion last year while Indonesia attracted US$18 billion in FDI.

 

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