"Prime Minister Datuk Seri Abdullah has been cleaning up after his predecessor. The result? An influx of big-spending foreign companies." Or so wrote ASSIF SHAMEEM in his article "Foreign capital inflows surge under Abdullah" in the New Sunday Times on 27 Aug 2006. (note: please click on comment below to read the article)
It was what some people liked us to believe.
But according to this report today by theedgedaily.com, Malaysia has slipped four notches to rank only sixth out of the 10 Southeast Asian countries in attracting foreign direct investment (FDI) last year from second in 2004.
The United Nations Conference on Trade and Development's World Investment Report 2006 showed that Malaysia’s FDI inflow shrunk by 14.21 per cent only US$3.97 billion (RM14.63 billion) last year from US$4.62 billion (RM17.02 billion) in 2004.
For the first time, our FDI fell behind even Indonesia.
TTDI, 29 Nov: They are cutting the trees again in Taman Tun Dr Ismail, once one of the greenest housing estates in KL. Well, it probably ...
Amirudin is trying to silence (me) with the lawsuits - Razak Ismail, Green Party sec-gen Damansara, 30 July: I don’t quite understand why...
Wed, 5 April: Some Malaysians don’t think much of memoranda of understanding and that’s quite, er, understandable. For there was a time whe...