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Japanese investors want to return to Malaysia: Lim
savemalaysia
Publish date: Tue, 12 Feb 2019, 10:03 AM
BUTTERWORTH (Feb 11): Japanese investors are now confident of returning to invest in Malaysia amid the country’s strengthening economy, said Finance Minister Lim Guan Eng.
He said their confidence is based on Malaysia’s handling of the 1Malaysia Development Bhd (1MDB) scandal.
"I have just returned from Japan where I met investors, and they said they are confident about Malaysia’s economy and want to return (to invest) in Malaysia. They were previously afraid about coming as they were worried about the 1MDB scandal.
"But after seeing the action taken over the 1MDB scandal, they now want to return to Malaysia," he told reporters after attending the tossing of a 209.7-metre yee sang in conjunction with the seventh day of Chinese New Year at the Tow Boo Kong temple here tonight.
Lim said Malaysia also hopes to attract investors from other countries including China.
He noted that Malaysia’s economic growth is expected to improve this year based on the 3.1 per cent increase in the country’s Industrial Production Index in 2018 over the preceding year.
"This is an encouraging indicator. It follows the announcement that this year’s exports have broken the record after hitting nearly RM1 trillion, while at the same time the trade surplus has risen 22 per cent from RM98 billion to RM120 billion.
"The inflation rate is also the lowest in nine years at just one per cent. All these are good indicators, and we are confident that this year the growth will be better,” he said.
Meanwhile, commenting on the International Monetary Fund’s warning for governments to gear up for a possible economic storm, he said Malaysia is one of the countries that will benefit in the short term from the trade war between the United States and China.
"In the short term we will benefit, but in the long term, it will of course be different. So we hope this can be sorted out soon, but in the short term, Malaysia will still benefit.
“We have to be prepared for any economic storm, but at the same time we must grasp the opportunity that is available," he added.
http://www.theedgemarkets.com/article/japanese-investors-want-return-malaysia-lim
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Discussions
Be the first to like this. Showing 16 of 16 comments
this happen 4 days ago: https://www.bloomberg.com/news/articles/2019-02-08/south-korea-lawmaker-seeks-imperial-apology-for-japan-sex-slaves
SO USING YOUR LOGIC, SOUTH KOREA ALSO BACKWARD????
2019-02-12 10:15
IF South Korea can stand up against Japan for it's war crimes, I dont see why Malaysia cannot also stand up and ask Japan to apologize for war crimes!
2019-02-12 10:17
Why must we BOW to Japan? Just because they strong economy?
South Korea couldn't bother to bow to Japan, why should we?
2019-02-12 10:18
Enough lah just move on lah....!!
Those people who committed the war crime already long gone to the grave mah...!!
What is the use of simple word of apology leh ??
Jap helpimg msia...is like that they have remorsed and trying to redeem some of the past wrong of their ancestor mah....!!
2019-02-12 10:21
aiyo u want money or face...
u got apology also not apologize to you... mostly ady died la...
move on and win win la for the economy...
die die want face, then continue stuck behind the past la
2019-02-12 10:29
then we should also seek BIG compensation from japan lor
Posted by stockraider > Feb 12, 2019 10:34 AM | Report Abuse
South korean beside the apology also want big compensation mah...!!
2019-02-12 10:41
this is good news.. we need japan industrial and manufacturing technology which can create more jobs..
2019-02-12 10:43
then I ask:
why malaysia cannot forgive CPM (communist party malaya) & Chin Peng, but can forgive Japan?
Japan killed way way more malaysians than CPM!
2019-02-12 10:44
China tech no good? We choose Japan now cos Japan tech better than China? Get real!
Posted by Hush77 > Feb 12, 2019 10:43 AM | Report Abuse
this is good news.. we need japan industrial and manufacturing technology which can create more jobs..
2019-02-12 10:45
Must be fair mah.
Can forgive Japan but cannot forgive CPM? Why double standard?
2019-02-12 10:46
"we need japan industrial and manufacturing technology"
But no country gives away its core technologies to others. If u are selling popiah n u teach yr techniques of creating good popiah, before long u will close shop.
2019-02-12 15:13
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until Japan apologizes for its atrocities against malaysia during WW2..... Japan is NOT WELCOME in malaysia!
2019-02-12 10:11