Ex-Miti deputy minister outlines 3 ways to attract FDI

[superadmin]

PETALING JAYA: Former deputy international trade and industry minister Ong Kian Ming has given the government three simple ways to make Malaysia attractive for foreign direct investment (FDI) again.

He said government agencies’ guidelines and goals for attracting investment needed to be continuously overhauled, pointing out that its definition of “strategic investment” was often outdated.

In a statement today, the Bangi MP also said there might not be clear enough guidelines for major manufacturing investments from the likes of China in sectors like steel, glass and even paper.

“What is the expected key performance index (KPI)? What is the expected impact on local industries and what are the environmental standards which need to be adhered to?


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