Media Statement by Dr. Ong Kian Ming, Deputy Minister of International Trade and Industry (MITI) on the 10th of January, 2019
feel sorry for former Prime Minister, Najib Tun Razak, who has taken on the new
role of being Barisan Nasional’s (BN) no.1 internet troll in order to save his
disgraced reputation. His latest pathetic attempt is to try to take credit for
Malaysia’s investment and trade performance over the past 10 years. Many of the
characteristics which makes Malaysia an attractive investment destination and
an economy which is open to trade and business such the establishment of the
rule of law to protect investors, infrastructure investments to improve our
connectivity and trade liberalisation were already put in place by his
predecessors including during Tun Dr. Mahathir’s first stint as Prime Minister.
If anyone should take credit, it should be the hard working civil servants at the Ministry of International Trade and Industry (MITI), the Malaysia Investment Development Authority (MIDA) and the Malaysian External Trade Development Corporation (MATRADE), in their consistent and concerted efforts to attract Foreign Direct Investment (FDI) and to promote external trade.
Continue reading “How much more Foreign Direct Investment (FDI) would Malaysia have attracted without Najib and the scandal of 1MDB hanging over the heads of foreign investors?”