Azmin Ali’s excuse for foreign investors withdrawing pathetic

by | Sep 27, 2021 | NATIONAL, NEWS | 0 comments

International Trade and Industry Minister Datuk Seri Mohamed Azmin Ali claimed in Parliament that foreign investors pulled out of Malaysia due to ‘business rationalisation’.

The reason, however, is seen as an excuse to brush mistakes away instead of acknowledging them.

Singapore and Hong Kong do not own mineral resources and possess a smaller domestic market. Yet those Asian countries are able to attract and retain sustainable foreign investments with their cheaper labour cost throughout the Covid-19 pandemic era.

Malaysians rather want the government to admit that it’s their mistake for losing investors.

Admitting Malaysia has a problem with corruption, nepotism, practise of racial and religious politics to remain in the driving seat should be the focal point.

Kamila Delart, a Hungarian living in Langkawi, questioned how was it possible that the cost of labour, size of the domestic market, availability of mineral resources and other unspecified factors made investors lose interest.

She added, “Blaming the unfortunate development on external circumstances rather than looking for things we can fix is a sure way to continue on this downward trend.”

Additionally, Prime Minister Datuk Seri Ismail Sabri Yaakob in his 12th Malaysia Plan speech on September 27, stated that moving forward, only bumiputeras owned businesses and shares can only be sold to bumiputeras.

Mason Wang who was upset about the situation said, “This is unprecedented. Maybe we should have separate share markets- one for bumiputeras and another for non-bumiputeras.”

Probably he meant all this as the Malaysian Family.