Speak up on scandals but gain investors’ confidence, too, says trade group


Low Han Shaun

Malaysia-China Chamber of Commerce president Tan Yew Sing urges the finance minister to be mindful when it comes to the country's economy, which is dependent on external investors. – The Malaysian Insight pic by Kamal Ariffin, July 1, 2018.

FINANCE Minister Lim Guan Eng must expose financial scandals but he should also find ways to lift investors’ confidence in the economy, said the Malaysia-China Chamber of Commerce (MCCC).

Referring to Lim’s recent exposes on Malaysia’s corruption scandals and lopsided projects, MCCC president Tan Yew Sing said Lim should also provide good news to boost investors’ confidence.

“For example, when he announced the review of the East Coast Railway Link (ECRL), he should have also announced that Jack Ma was coming to town to invest,” he told The Malaysian Insight.

“Speaking the truth is something we should encourage but he should have also created a more balanced situation,” he said.

Alibaba founder and executive chairman Ma recently came to Malaysia to open the Chinese internet giant’s first headquarters outside China in Malaysia.

Tan also met Dr Mahathir Mohamad to exchange ideas on a wide range of subjects, adding that the prime minister is an “experienced negotiator and salesperson” when it comes to looking for investors for Malaysia.

“And he (Dr Mahathir) has said his time is limited and wants to right the wrong of the country.”

He added that with Dr Mahathir at the helm, exciting developments are in store for Malaysia in the next two to three years.

“But he has one policy which is not to be too dependent on one country.” – July 1, 2018.


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Comments


  • A expatriate law don told my group that investors (among other things) look to good laws which are certain (not vaguely set out) & a well administered legal system to protect their investments..

    Posted 5 years ago by MELVILLE JAYATHISSA · Reply

    • The law must not be an ass (whatever that means)..

      Posted 5 years ago by MELVILLE JAYATHISSA · Reply