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Not Covid-19, Muhyiddin Yassin’s Government Responsible For FDI Drop: Anwar Ibrahim

Anwar said that Malaysia’s political crisis is the main reason as to why big companies are choosing other countries, instead of Malaysia.

Kuala Lumpur: Opposition leader Anwar Ibrahim today said that the federal government led by PM Muhyiddin Yassin is responsible for the sharp drop in foreign direct investment in Malaysia.

Anwar said that the government, and not the “covid-19 excuse”, is there to blame for the situation. As per a report by United Nations Conference on Trade and Development, Malaysia has seen a fall of 68% when it comes to foreign direct investment, which is way below than Singapore(37% to US$58 billion), Indonesia (24% to US$18 billion) and Vietnam (10% to US$14 billion).

“We suffered the worst, dropping by 68%, compared with other Asean countries. So, what excuse does the government have?” he asked. Anwar Ibrahim said that Putrajaya should learn from Indonesia and the Philippines on how to manage the pandemic more effectively.

Anwar further said that Malaysia’s political crisis is the main reason as to why big companies are choosing other countries, instead of Malaysia.

Last Updated on January 28, 2021 11:07 am by Anita Santosh

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