New Government To Boost Investor Confidence
The newly formed government, which is spearheaded by Prime Minister Tun Dr Mahathir Mohamad, is expected to increase foreign investments based on better investor confidence.
Malay Chamber of Commerce Malaysia Research and Development Foundation chairman Datuk Dr Syed Ali Alattas said the chamber gave their full support to the new Federal Government and hoped for good governance, transparency and corruption free practices which will create trust among foreign investors investing in the country.
“The confidence of international investors in Malaysia in various industries will be able to advance the nation, as well as provide job opportunities for young people.
“They (investors) will not invest in a country which is not very stable,” he said.
Meanwhile, Asia Institute Tasmania director Prof James Chin believed that the Pakatan Harapan-led government would be able to deliver on their manifesto, which included abolishing the GST and providing targeted fuel subsidies.
“They are able to work on most of them. All these can be easily done at the bureaucratic level,” he said.