I recall a few years back some minister said that the type of FDIs we are attracting are not in competition with nations such as China, India and Indonesia as Malaysia wants to attract investors that "adds value" to our economy and discourage those type that requires cheap labour.
Now, the mantra has somewhat changed. According to Muhyiddin, we are now targeting investors pulling out of China because of high costs of operating there. Of course the usual "we are attracting those who high end technology and less labour" mantra is still being chanted.
So how will Malaysia attract these investors? Apparently this is what the Associated Chinese Chamber of Commerce Malaysia chairman has to say:
"Malaysia could look into attracting them to come to Malaysia, which has good infrastructure, low labour costs and interest rates."
He also cited that one of the reasons why investors are leaving China is due to:
"...an amendment in the labour law there, high interest and inflation rates especially in Guangzhou."
So much for attracting those with high end technologies. I am sure they are just as labour intensive to consider Malaysia since we offer cheap labour.
3 comments:
it sucks to know we are cheap. and when they say a country has got potential... it simply means... exploitation opportunity is very high
Going hi-tech was Dr. M's policy. Abdullah is eying agriculture.
dear
zewt: haha..word play my friend, it is word play...
khengsiong: it seems we love to play merry-go-round...
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