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johndee
16-10-2006, 11:02 PM
It has been reported that foreign direct investment (FDI) into Malaysia dipped to US$3.97bil (RM14.69bil) last year, as compared to US$4.62 bil (RM17.09bil) in FDIs in 2004. As a whole, FDIs to South, East and South-East Asia reached a new high of US$165bil (RM610.5bil) last year, a 19% increase over 2004. China, Hong Kong and Singapore were the largest recipients of FDIs in 2005. And to rub salt to the wound, even Indonesia managed to overtake Malaysia for the first time since 1990 in drawing in FDIs, surging 177% to US$5.26bil (RM19.46bil) last year.

For the full news report, click here (http://biz.thestar.com.my/news/story.asp?file=/2006/10/16/business/20061016172924&sec=business).

penangkia
17-10-2006, 12:24 AM
The fat lady is still sulking over the AP thingy and forgot she has a job to do. The commander ABB is blurr and have lost his direction.
Getting umno recruits through mat rempits seems to take priority over FDI.

The little red dot continues to shine...ever brighter.
Wonder why ? ;) And TDM and gang said they are very difficult people to work with :rolleyes:

orchipalar
17-10-2006, 12:53 AM
Err oh well buddies...when the wells dry up...Malaysia would end up having a new export commodity soon...

Ahem...the millions of 21st century 'new breed' of Malaysian workforce...would just have to swim across the channel...or fly off to become 'foreign workers'...to some of these countries...

Err...while the rest of millions 'new breed' of Malaysians...would resort back to this... (http://72.14.253.104/search?q=cache:dbYoLoXn_9cJ:www.jphpk.gov.my/Malay/Okt05%252020.htm+buku+hijau&hl=en&gl=my&ct=clnk&cd=9&client=firefox-a)

joey180
17-10-2006, 12:39 PM
The fat lady is still sulking over the AP thingy and forgot she has a job to do. Wasnt she the one who told the investors, "If u accept our policies, come. If u dont accept, you are not welcomed." Thats the big diiference btw our country and the little red dot. They actively court investors with investor-friendly policies whereas we are sliding backwards. Explains why their FDI is some 4-5 times more than ours. Now even the backwaters that is Indonesia is surging ahead of us. I pray for the future of our beloved country.. :(

mykern
17-10-2006, 01:14 PM
There are no big projects worthy enough for FDIs to come in.
Increasing agricultural production, developing human resources, catching the mat rempits doesn't need 3-4 billion, does it?
AAB is not worried because he will still get the 2/3 majority in the next general elections. Kelantan may come back into the fold, even.

sabaidee ...

isarahim
17-10-2006, 06:12 PM
There are no big projects worthy enough for FDIs to come in.
It sounds like you've misunderstood the concept of FDI. FDI is generally NOT focussing on 'big projects' in the typical Malaysian sense of the term (= 'government big projects'). FDI is primarily export related.

AAB is not worried because he will still get the 2/3 majority in the next general elections. Kelantan may come back into the fold, even.
Something tells me it will not happen this time. For the sake of Malaysia we have to hope this doesn't happen.

Dr. J George
17-10-2006, 06:16 PM
Saudara Isarahim is right and I believe we may be in real trouble! :(

But then again, it may be a 'punishment from the ALMIGHTY' for not being honest, sensitive and walking the talk - HIS TALK? :D

Teeque
17-10-2006, 06:22 PM
Not only the FDIs hv stopped coming. Even local Malaysian firms are running (relocating operations) away frm the country...

Sentinel
17-10-2006, 06:33 PM
In the 1970s and 1980s, we were so aggressive and professional in promoting Malaysia as the place to put your money and invest. We had the MIEL (Malaysian Industrial Estates Land) to set up the plots and prepare the infrastructures. We had MIDF (Malaysian Industrial Development Finance) to help with the finances, we had investor friendly-policies including 10-year tax holidays, we had relatively better-skilled labor and lower cost etc. :rolleyes:

Now what do we have? Some young punk screaming nonsense outside the US Embassy gate trying to intimidate the US Secretary of State and shown LIVE worldwide on BBC Report. Tell me, if you are the one with the bags of money, would you plunk it down here or elsewhere? :mad:

Malaysia is still okay today because the oil is still pumping off-Trengganu. If we do not take care of alternative plans (whatever happen to Cyberjaya or our Biotechnology plans?) sooner or later, we would revert back to 4th World. We would then have to smuggle ourselves to Indonesia and Thailand just to wash plates and work in their plantations. Trust me, I am just looking 15 years ahead - thats how long the oil and gas will last!

KelvC
17-10-2006, 06:44 PM
Oh dear! The possibility Malaysia exporting unskilled labours to the Land-of-Many-Islands? I think we need a legislation or agreement with that Land to have minimum wages, insurances, contractual day offs, etc there for Malaysians too.

Are we giving enough incentives (ie "sales" incentives) to MITI to pull in FDIs? Or they had too much already? :rolleyes:

Dr. J George
17-10-2006, 06:45 PM
True true - only yesterday a very senior Bumiputra physician in this country sent me a sms saying -
'Hi George, if the country is going to go Mexico/Argentina way, can you let me know early?' :D
Well that is a price we will pay if the present nonsense continues and we do not change our ways! :rolleyes:

wira wan
17-10-2006, 07:09 PM
There is a Chinese saying ".... The servant is worry, but the Emperor is not....."

Now, we are looking at rear end of Indonesia. Soon, some from Bolehland will swimming there to work. :D

Teeque
17-10-2006, 07:16 PM
There is a Chinese saying ".... The servant is worry, but the Emperor is not....."
Well, if you knew abt the Foreign Direct-to-elites-and cronies-pockets Investments amounting to tens of billions RM, ofcos the sheepskin clad wolf emperor is not worried. But it would make u seeth if u knew the amounts... :eek: :cool:

drewkool
17-10-2006, 07:54 PM
Please do not look down at other countries such as Indo, we might one day who can't compete with them, & it's taking off... Please act, it's never late to react... :(

penangkia
17-10-2006, 08:08 PM
In the 70s, 80s and early part of the 90s, American, European and Japanese investments headed this way...it was the trend then. Singapore lead the way by opening it's doors ( Jurong) to foreigners with all sorts of goodies. Malaysia followed suit with FTZs in Penang with other large parks in Shah Alam, Pasir Gudang etc.Infrastructure development was the way to attract investors then.
Singapore and Malaysia were the only English speaking, politically stable countries in the region and hence became the natural chioce of investors, that coupled with an English model Rule of Law and a low cost of enployable and usable labour. During this period, both countries did well...very well in fact.

All that is in the past. Today, Singapore has reinvented itself and despite being a very high cost country, It is still able attractive FDI. Why? The simple answer is productivity, transparency, minimum red tape, clear laws, very little corruption, and no NEP requirments. There are of course other reasons like tax incentives and repatritions etc. And Yes, they let the big boys worry about other worldly problems and did not indulge in burning flags and barking crazy outside people's embassies.
So why is Malaysia lacking so far behind ? Surely we can't believe there is a worldwide conspiracy to favour Singapore over it's bigger neighbour/s.
Since the Asian financial crisis of 1997, and after all the praises TDM received for saving Bolehland from the evil IMF, Malaysia seems stuck and tired. While most countries in the region have recovered from the crisis, Malaysia's stock market remains in the doldrums ( not even able to climb back to pre-crisis level, after almost 10 years) and it's FDI...unimpressive, at best.
Whatever Malaysia's problem is now, I suggest the present govt. take a well deserved rest. They have done enough, someone should take over the responsibility.
So come next election, do the right thing, let BN have a rest.

usjhomer
17-10-2006, 08:28 PM
Dear All

For urbanites who are educated and are in the middle class, irrespective of race or religion, this is a FACT and we can make educated decisions. However, the situation vastly differs once we step into the rural areas - they have no choice but to accept whatever is dished out to them. It is our duty to ensure that everyone, has basic secondary education as a right - so that they have the ability to think things through - without this ability - they are still at the mercy of politicians who come to their area to preach their doctrine and philosophy of their party.

My two cents..............

isarahim
17-10-2006, 11:57 PM
Knowing quite a few local and foreign manufacturers here, one of the key issues apart from corruption is the customs. The customs alone is responsible for a huge amount of export oriented industries moving out of Malaysia. Therefore:

Scrap Kastam Diraja!.

We don't need it. It does not do anything good for the country whatsoever. Instead, it's doing several orders of more damage to this country than the tiny amounts of money it manages to collect (less its enormous cost of course). Or let it focus 100% on drugs and other dangerous substances, where it is currently horribly ineffective.

By scrapping the customs we also get rid of a whole lot of corruption.

Joe Gomez
18-10-2006, 09:48 AM
......................Scrap Kastam Diraja!.
We don't need it. ..............How many GUARANTEED Bumi jobs ( that non-Bumis dont have the skill to handle anyway ) are we talking about.
How many votes ????
Hmmmmmmmmmmmmm ;)
Yet again ........... who will keep the activities of the likes of Le Creep from Jasin in check ??? :p

Dr. J George
18-10-2006, 11:09 AM
saudara isa is right - customs should be scrapped they are certainly dyfunctional and a total waste! ;)

But Gomez's comment is true - will the powers that be want to scrap this due to the 'high patronage system and loss of jobs?' :D

the track record so far is - nay look at the various SEDCs and other state companies and agencies all set up bleeding the coffers of the state dry yet nothing done in the name of ......... :eek:

I am told this has become a joke in the diplomatic corridors but these fellas do not realise it or know it but pretent not to by doing the Ostrich thingy! :D

Joe Gomez
18-10-2006, 11:22 AM
lollllllllllll
The ostrich with its head in the sand ......
AND
The katak dibawah tempurung ...........
.... have one thing in common ............ they genuinely dont know what is happenning cos their head has been inside there too long, mah ....
But our indecent & sinful ostriches and kataks in the cabinet know and condone the atrocities committed in this country and tuck their heads into a bovine derriere when it is convenient ........
........ cos they know that the consequeces of their inaction will only catch up when they are no more in power
( .................. tell me that Tun Motor Mouth did not engineer it that way .......... of course got bambooed while trying ............... serves the chappie right. :mad: )
............. in the mean time it is a long honeymoon in bovine nether regions for the UMNOputras.
Their sons and daughters are assured of a comfortable future ...
The poor ignorant Malay on the streets is being robbed blind .........
This Malay on the streets is told that the non-Malays are the cause of his malady ............

UMNO is a blight on not only Malaysia but on all humanity ............
They shd be ashamed to call themselves Muslims.
All Muslims shd be ashamed when UMNO kunjus call themselves Muslims.
I AM ASHAMED for that great religion. :mad:

Sentinel
18-10-2006, 12:10 PM
Bagi KASTAM DIRAJA satu tugas sahja - kasi cukai itu balak dari Sumatra yang diimpot secara haram olih ahli dari Jasin! :D

johndee
18-10-2006, 11:13 PM
In the 1970s and 1980s, we were so aggressive and professional in promoting Malaysia as the place to put your money and invest. We had the MIEL (Malaysian Industrial Estates Land) to set up the plots and prepare the infrastructures. We had MIDF (Malaysian Industrial Development Finance) to help with the finances, we had investor friendly-policies including 10-year tax holidays, we had relatively better-skilled labor and lower cost etc. :rolleyes:

Now what do we have? Some young punk screaming nonsense outside the US Embassy gate trying to intimidate the US Secretary of State and shown LIVE worldwide on BBC Report. Tell me, if you are the one with the bags of money, would you plunk it down here or elsewhere? :mad:

Malaysia is still okay today because the oil is still pumping off-Trengganu. If we do not take care of alternative plans (whatever happen to Cyberjaya or our Biotechnology plans?) sooner or later, we would revert back to 4th World. We would then have to smuggle ourselves to Indonesia and Thailand just to wash plates and work in their plantations. Trust me, I am just looking 15 years ahead - thats how long the oil and gas will last!I shudder to think how the future of my children will be like if the leaders of our country dont buck up and implement the right policies to bring in FDIs. Even with the oil still pumping, we are still far behind our immediate neighbour who does not have any natural resources. Heck, even Thailand is pulling away from us and is now know as the Detroit of the East. The cake will be getting smaller and once the oil dries up, it will be a bleak future indeed.