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No let up in attracting foreign investment
Fri, Oct 17, 2008
The Star

KUALA LUMPUR, MALAYSIA - Despite the global economic slowdown, Malaysia will continue being 'pushy' to attract foreign investment, said Tan Sri Muhyiddin Yassin.

The International Trade and Industry Minister said 'when times are soft and uncertain, we have to be more aggressive'.

'We can't say we'll wait for the next three years and go back again. We have to keep on being pushy and secure as much capital flow as possible,' he told reporters Thursday after delivering a speech at the Regional Eisenhower Fellowship Conference.

He said that while there would be a review of some big projects including those in the economic corridors, it should not affect private investments in the area.

'A big portion of the funds come from private investors, not the government,' he added.

He said government spending was usually for infrastructure development, adding that the allocation for the corridors under the Ninth Malaysia Plan was still there.

 

 
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