Dr M Calls For Change In FDI Policy
PUTRAJAYA, Aug 13 (Bernama) -- The approach in implementing the Foreign Direct Investment (FDI) policy has to be changed to tide over with the uncertainties in the global economy, former Prime Minister Tun Dr Mahathir Mohamad said Thursday.
He said the change was inevitable as Malaysia could no longer compete with neighbouring countries, particularly in terms of wages and land lease, despite enjoying political stability and social well-being.
"The government should not merely focus on efforts to woo as much foreign capital as possible...