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View Full Version : Need to upgrade Msia's investment climate: Mustapa



sirgalahad2010
22-11-2005, 11:22 AM
Well duh! Isn't the minister (Datuk Mustapa Mohamed) stating the obvious?

I wonder how he is going to explain to his boss the reasons for Msia's dismal showing the world competitiveness rankings compared with the likes of say, Singapore (the favourite "bogey word" for the good folks in Putrajaya)?

Or how he is going to reconcile the need to upgrade the country's investment climate with the "agendas" put forward by certain individuals and parties? Or with the need to maintain certain "percentages" as sacrosanct and not open to question, debate or compromise?

It is worth asking, for instance, how Singapore has managed to pull in two-thirds of the total FDI into Asean, or why the cumulative US FDI in Singapore is several times that of the cumulative US FDI in Msia. I don't, with due respect, think that Mustapa is willing to ask the hard questions - too many "agendas" out there, you see.

Bigjoe
22-11-2005, 11:58 AM
Singapore FDI is actually paltry compared to the investment the government has put in to attract it. The money spend on top-notch training in universities, attracting talent from all over, funding research, building infrastructure etc.

Most people don't realized that Singapore is making a huge huge bet on intellectual property that may or may not pay off. Because of their disciplined and meritocractic system allow them to make that bet. Most countries could not do it either. No way Malaysia can make such a bet without causing a string of fiasco.

fedup
22-11-2005, 12:04 PM
What??????? let non-Malay make money from this country you must be dreaming man. :p What is going to happen to Agenda Melayu, Ketuanan Melayu 26 year old billionaires :eek:

lord
22-11-2005, 01:51 PM
What??????? let non-Malay make money from this country you must be dreaming man. :p What is going to happen to Agenda Melayu, Ketuanan Melayu 26 year old billionaires :eek:

Yeah.. I rather fart and bottle it and call it Chanel No.69 and sell it for a song!!

sirgalahad2010
22-11-2005, 03:10 PM
Errr...isn't Mustapa one of the bright sparks in the NEAC (National Economic Action Council)?

I marvel at the way our M'sian politcos can make such banal, high-sounding statements with a straight face! I mean, it is brazen effrontery to say that M'sia needs to improve its investment climate - what with Bursa M'sia in the boondocks as the worst-performing stock market in Asia.

Improve competitiveness? That's a major NO-NO, people. Too many "agendas" out there and too many fingers in the pie, if u know what I mean. :rolleyes:

Ski
22-11-2005, 03:28 PM
Yeah.. I rather fart and bottle it and call it Chanel No.69 and sell it for a song!!


Good idea sell it to Singapore while they sip their Newater and take a whiff of your aromatic perfume :D

Teeque
23-11-2005, 03:32 AM
I think statements along these same lines, albeit differently worded like 'improve Malaysian investment potential', were made abt 5 years ago by our Dr M when he was FM. The old man even hit out at international ratings agencies to give our Bolehland a fairer rating regarding our economic 'attractiveness' and not scare away the foreign fund managers who were 'keen but cautious approach'. He contended that Malaysia's 'inaccurate' international ratings were the only thing which is 'impeding' these FDIs frm flowing in. So, whatever happened to all these FDIs 'waiting to cash in'??

penangkia
23-11-2005, 10:39 AM
Hey, when is the fat lady going to sing again? Isn't she still in-charge of foreign investments and trade ?

Now that the AP thing is neatly under the carpet, she should be up and running again to earn her salary. Leg healed already eh?

Anyone know what's going on with the cabinet reshuffle that was rumoured to take place?

isarahim
23-11-2005, 07:52 PM
Errr...isn't Mustapa one of the bright sparks in the NEAC (National Economic Action Council)?

The NEAC used to be a force to reckon with back in 1997 when it was formed. They came up with a good document, the national recovery plan. About 5% was implemented.

Now it's as vital as the NPC...

isarahim
23-11-2005, 08:51 PM
Well duh! Isn't the minister (Datuk Mustapa Mohamed) stating the obvious?

It might not be obvious to him...


But as Blackadder says, I have a better idea...let's build a Malaysian Investment Climate Institute (MICI). And they will need an impressive concrete-&-paint-job facility to show the world we're here to do business. Let's use the same contractor as did the Matrade building and use the same design but upside down. Let's then fill it with our topmost financial analysts and give them unbeatable salaries but an unclear charter with no authority.

That'll solve the problem.