KUALA LUMPUR: Economic data has shown proof that the oppositon has spread lies about the condition of the country, Minister in the Prime Minister’s Department Datuk Seri Abdul Rahman Dahlan.
He said the net foreign direct investments (FDI) flow into Malaysia had increased to RM47.2 billion in 2016 from RM23.9 billion in 2008.
Therefore, he said allegations by the opposition that Malaysia was no longer a preferred investment destination and that the country was a failed state were nothing but lies.
He said the value of FDI in 2014 was RM35.6 billion and had been steadily increasing despite external uncertainties such as plunging commodities price and volatility in global financial markets.
“While spreading false propaganda, Selangor and Penang enjoy economic growth, development, prosperity and stability brought about by the federal government.
“Their modus operandi is to claim credit for all positive achievements in their states and then blame the Federal Government for any negative news at the very first chance of doing so.
“Malaysians must realise and judge for themselves, which side has been busy managing the economy and which has been busy politicking,” he said in a statement today.
Rahman said the fact that Penang topped the national list in approved investments valued at RM7.7 billion in the manufacturing sector for the first half of this year proved that the Federal Government did not discriminate against any states in terms of attracting and promoting investments in this country.
Furthermore, he said, the Federal Government had developed infrastructure networks including the Mass Rapid Transit, Light Rail Transit and highways throughout Selangor.
He said the Digital Free Trade Zone (DFTZ) e-Fulfillment Hub would be developed in Selangor at the Kuala Lumpur International Airport Aeropolis and the Penang’s second bridge Sultan Abdul Halim Mu'adzam Bridge had eased congestion on the first Penang Bridge.
He said due credit should be given to Malaysian Investment Development Authority (MIDA) under the International Trade and Industry Ministry which has been promoting the country globally to attract investments.
“MIDA assists and facilitates investors by co-operating with relevant agencies at both federal and state levels to secure infrastructural facilities, expedite regulatory approvals, extend support on re-investments and expansions and acts as a one-stop centre for investors.
“The Pioneer Status and Investment Tax Allowance incentives that are provided by the Federal Government for the manufacturing and services investors are also provided to investors who want to invest in states run by the opposition,” he said.
Keywords: Rahman Dahlan, economy, FDI, opposition, investment,