Friday, September 26, 2008

Malaysiakini : Malaysia Economy Policies Not Correct. Something is Wrong.

For the first time, Malaysia saw its outflow of foreign direct investments (FDIs) surpass the inflow last year. What this effectively means is that there were more funds flowing out for investments abroad than FDIs coming into the country.

According to United Nations Conference on Trade and Development (Unctad) Investment Report 2008 that was released yesterday, the country’s outflow of FDIs surged nearly 82% to RM38 billion, exceeding the inflow of RM29.04 billion by RM8.96 billion, or 31%. Last year’s inflow itself was a 39% increase from RM20.9 billion in 2006.

The reports show that the country’s overseas investment has been rising in recent years, reflecting local companies’ ambition to grow their businesses abroad for various reasons. Why the local companies want to grow their business abroad ?

What a sad figure. If this kind of situation still continues in our country, I think we better go for a change in new governments. The report shows that our policies are not correct since last year until now. During that time Datuk Seri Abdullah Ahmad Badawi was the Finance Minister.

1 comment:

Anonymous said...

Just wondering what has happened to all the 'corridors' !