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".

Like this


09 August 2017
With Approval Declining, Trump Rails Against 'Fake News Suppression Polls'
Still, 80 percent of Republicans in the CBS poll said they approve of Trump, up from 72 percent in June. Neither point makes any sense because the polls are a reflection of Trump's effectiveness at messaging.

09 August 2017
Kellyanne Conway spotted having another beach day down the Jersey Shore
But White House Press Secretary Sarah Huckabee Sanders later admitted that the Trump "weighed in as any father would". "No. The president's attorney, Jay Sekulow , said last month that the president was not involved in drafting the statement.

09 August 2017
Twitter, Inc. (TWTR) Rating Reiterated by Barclays PLC
Also, Director Evan Clark Williams sold 684,900 shares of the firm's stock in a transaction dated Friday, May 12th. (NYSE: TWTR ). The firm owned 71,792 shares of the social networking company's stock after buying an additional 16,952 shares during the period.

09 August 2017
Tyrone Crawford has sprained ankle, will be ready for Week 1
Because of that turnover in the secondary, a versatile defensive lineman like Crawford has added value for the Cowboys. Crawford, 27, had 4.5 sacks last season and was credited with 17 quarterback pressures.

09 August 2017
Ltd. Has $191000 Position in Community Healthcare Trust Incorporated (NYSE:CHCT)
The value of the investment in Arbor Realty Trust went from $1,927,000 to $1,108,000 a change of $819,000 quarter to quarter. State of New Jersey Common Pension Fund D raised its position in Independence Realty Trust by 0.6% in the first quarter.

09 August 2017
Paula Creamer replaces injured Jessica Korda on Solheim Cup team
The Solheim Cup will be played at Moines Golf & Country Club in West Des Moines, Iowa starting on August 18. Creamer will be playing for the seventh time in the Solheim Cup , where she has a 14-8-5 record.

09 August 2017
Joe West suspended 3 games for calling Adrian Beltre 'biggest complainer'
The only umpires who have worked more regular-season games are Bill Klemm (5,375) and Bruce Froemming (5,163). According the umpires association, the suspension letter was dated August 3.

09 August 2017
BidaskClub Upgrades General Dynamics Corporation (NYSE:GD) to Buy
It is positive, as 41 investors sold GD shares while 312 reduced holdings. 128 funds opened positions while 266 raised stakes. Manning Napier Limited Liability Corp owns 2.91 million shares for 1.49% of their portfolio. (NYSE:CPF) for 14,185 shares.

09 August 2017
Monster Beverage Corporation (NASDAQ:MNST) Given Daily Coverage Optimism Rating of 0.32
The company reported $0.33 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.32 by $0.01. Susquehanna Bancshares Inc reiterated a "hold" rating on shares of Monster Beverage Corporation in a report on Monday.

09 August 2017
BlackRock Inc. Boosts Stake in Applied Materials, Inc. (NASDAQ:AMAT)
Moreover, Goldman Sachs Gp has 0.08% invested in Applied Materials, Inc. (NASDAQ:AMAT) on Monday, December 19 to "Neutral" rating. The firm has "Buy" rating by Lake Street given on Wednesday, July 29. (NASDAQ:AMAT) on Thursday, March 31 to "Outperform" rating.