Reform programmes that serve people well to continue - PM Najib

Reform programmes that serve people well to continue - PM Najib”

While admitting that Chinese investment had gained prominence in the broad sectors of manufacturing, services, ports, railways, real estate, construction, education and energy, Mr Najib said the FDI flow into Malaysia from various countries had increased by an average of RM36 billion (S$11.4 billion) per annum.

"Allow me to dwell on the state of foreign direct investment, with special reference to the government's stand on Chinese investments into Malaysia, which has been increasingly politicised and blown out of proportion".

Meanwhile, Najib said China's One Belt, One Road initiative would be a game changer for the regional economy, creating enormous trade and investment prospects through greater connectivity via links by sea and land.

"With the government's intervention via the road map, we are aiming to double [the] growth [of the e-commerce sector] to 20.8% per annum to RM170 billion in 2020", he said at the launch of the National Chamber of Commerce and Industry of Malaysia (NCCIM) Economic Forum 2017 here yesterday.

He added that such a myopic and narrow-minded view betrays a fundamental misunderstanding of economics, which would only spell doom for Malaysia.

He said Malaysia continued to welcome foreign investments from the republic as well as other countries around the world, namely, Japan, India, Saudi Arabia, Europe or the American continents.

Najib assured that the Government would not compromise on the country's sovereignty when it came to FDIs.

THE opposition wants to abolish the goods and services tax, but has no clue what it will do to generate the RM41 billion a year that the tax brings in for the state coffers, said Prime Minister Najib Razak today.

"They are scaremongering and spreading lies for their own selfish political reasons", he said.

China is Malaysia's largest trading partner, while Malaysia is China's eighth-largest trading partner, and the second-largest in Asean (Association of South-east Asian Nations). "These mega trends will have both disruptive and opportunistic impact on everything we do", he said.

Najib said it was hard for him to fulfil all requests from various parties or people who came with high hopes when meeting him including at his office in Parliament building.

"I am anxious that I may not be able to realise everybody's expectation".

But the prime minister said people should be mindful that he would not always be able to realise the expectations of those hoping to see whatever they wanted to be approved.

"I will not shed from my responsibility for as long as the people want me to continue to lead this country".

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