Go after FDI leaving China, economists tell Putrajaya

Bernard Saw

Workers at a baby carriage factory in Handan, China. Many firms are keen to relocate from China and Asean should work as a bloc to draw such FDI, say economists. – AFP pic, May 26, 2020.

WITH Malaysia expected to record a higher unemployment rate because of Covid-19, economists are urging Putrajaya to be more proactive attracting foreign direct investment (FDI) instead of waiting for the right factors to be in place.

They pointed to the US and Japan, which are already shifting their policies to attract manufacturers pulling out from China back to their home countries.

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  • Hope they like Malaysia? A 95% muslim cabinet. Full of hypocrites,thieves, liers and untrustworthy politicians cum minsiters. A back door govt. FDI will probably take a wait and see attitude.

    Posted 4 months ago by James Wong

  • Thry have many better choices, Vietnam, Myanmar, Cambodia where local workforce is aplenty

    Posted 4 months ago by Penganalisa L

  • They are too busy fighting for positions to spend time on this.
    Singapore will get the high tech investment whereas Vietnam, Thailand, Indonesia may get to lure those labour intensive industries.
    We are better off and happy with Grab delivery service.

    Posted 4 months ago by Chee yee ng