Khoo Pay Peng
Politicians from both sides of divide should sit back and take note of the of gloomy economic signs. Both sides should cease all unwarranted, wasteful and senseless political bickering and focus their attention on what they were elected to do - govern the govern and come out with policy responses to address the current economic malaise.
The significant FDI slide and negative net flow should be discussed thoroughly in the parliament. We demand these policy makers to take this matter seriously before this country continues with the perpetual slide.
According to this report:
A nosedive in foreign direct investments in Malaysia in 2009 follows a continued downward trend in FDI, increasingly overshadowed by regional players, noted a United Nations report.
According to the World Investment Report 2010, FDI plunged 81 percent from US$7.32 billion (RM23.47 billion*) in 2008 to just US$1.38 billion (RM4.43 billion) in 2009.
(*Calculated based on exchange rate of US$1 = RM3.20650)
The 2009 FDI is less than half of the annual average FDI inflow between 1995 to 2005, which encompasses the long recovery period following the 1997 economic crisis.
Malaysia's performance also pales in comparison with neighbouring economies like Thailand and Indonesia whose FDI figures did not contract as severely, despite the global financial crisis.
Thailand suffered a decline of US$4.44 billion (RM14.24 billion) while Indonesia saw a more modest drop of US$2.60 billion (RM8.32 billion) in foreign investments in 2009.
The severe dip also places Malaysia in the red for the first time in the last 15 years, with figures for cumulative FDI (see chart right) surpassing incoming investments by about US$1 billion (RM3.21 billion).
The FDI outflow has a serious repercussion on jobs creation, domestic industrial development and broad economic development. If not enough investments are committed domestically, the industrial sectors are going to remain narrow and limited.
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Comments (17)
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written by tom73my, July 25, 2010 02:22:10
written by tom73my, July 25, 2010 02:22:10
With BN as government, we will slowly but surely get cooked in boiling water. Nobody in UMNO, MCA, MIN, Gerakan pressed the panic button, even The Star did not report this. May God save Malaysia.
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written by lynn, July 24, 2010 22:31:39
written by lynn, July 24, 2010 22:31:39
According to the above chart, from 1995 to 2009, total inflow is RM40.94billions whereas total outflow is RM80.19 billions... does that mean.. fleeing of capital included corrupt ministers moving corruption $$$ abroad? Am sure the capital flight of ill-gotten gains far exceed RM100 billions! Good, vote umno-led BN, you muddled-fcuking bn voters idiots.
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written by lynn, July 24, 2010 22:27:20
written by lynn, July 24, 2010 22:27:20
ibabonma,
two days before price increase of petrol, diesel, domestic gas, sugar .. I bought one tank of gas at RM25.50... now it costs RM6 more. That increase is 23.5%!!! The govt don't care, the gomen screw the working stiff, the fcuking useless braindead morons cum bn voters will still vote BN cum GE13. Corrupt gomen did not touch the subsidies of RM13billions to IPPs, etc... Screw all working class. With the next increase, what will a tank of gas cost? RM38? There are people still foaming at the mouth abt ketuanan something... they fcuked-up their priorities.
two days before price increase of petrol, diesel, domestic gas, sugar .. I bought one tank of gas at RM25.50... now it costs RM6 more. That increase is 23.5%!!! The govt don't care, the gomen screw the working stiff, the fcuking useless braindead morons cum bn voters will still vote BN cum GE13. Corrupt gomen did not touch the subsidies of RM13billions to IPPs, etc... Screw all working class. With the next increase, what will a tank of gas cost? RM38? There are people still foaming at the mouth abt ketuanan something... they fcuked-up their priorities.
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written by Better My, July 24, 2010 21:47:59
written by Better My, July 24, 2010 21:47:59
PR sitting with BN to discuss solutions to FDI problem?
Are you kidding? It is not wortth putting your thoughts on the screen. We have gone too far to reach any consensus on solving minor issues, let alone major issues. The only solution is the wholesale change of the the government.
In relative FDI terms,
Malaysia is 170% worst off than Thailand and 56% worst off then Indonesia in FDI slide in 2009. I shudder to think the % slide against our Southern neighbour.
Are we, as a nation and as rakyat, than iincompetent in 2009? Surely we are smarter than that. We can't express our smartness and translate it into higher productivity and greater investment opportunities under the present regime. The mob must go.
If this weekend PKR Port Diskson second caffeine hit retreat meetings doesn't translate into more aggressive Felda hearltand incursions and to the East, then I say the meeting was all for nothing, ocnsidered as a failure. The East waits you, LKS. United states of East West of Malaysia today.
Are you kidding? It is not wortth putting your thoughts on the screen. We have gone too far to reach any consensus on solving minor issues, let alone major issues. The only solution is the wholesale change of the the government.
In relative FDI terms,
Malaysia is 170% worst off than Thailand and 56% worst off then Indonesia in FDI slide in 2009. I shudder to think the % slide against our Southern neighbour.
Are we, as a nation and as rakyat, than iincompetent in 2009? Surely we are smarter than that. We can't express our smartness and translate it into higher productivity and greater investment opportunities under the present regime. The mob must go.
If this weekend PKR Port Diskson second caffeine hit retreat meetings doesn't translate into more aggressive Felda hearltand incursions and to the East, then I say the meeting was all for nothing, ocnsidered as a failure. The East waits you, LKS. United states of East West of Malaysia today.
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written by educationist, July 24, 2010 17:22:31
written by educationist, July 24, 2010 17:22:31
I know the author meant well But he must know the mentality of the UMNOputras!!
The UMNOputras used Parliament as a rubber stamp!!
No policy of any substance has originated from Parliament.
The opposition may be willing to talk but the UMNoputras shall definitely not listen.
Look at them going at full steam trying to undermine the legitimate state governments in Selangor and Penang!!
No, let's hope for a change in govt. after GE 13 for policies that will our continued decline!!
The UMNOputras used Parliament as a rubber stamp!!
No policy of any substance has originated from Parliament.
The opposition may be willing to talk but the UMNoputras shall definitely not listen.
Look at them going at full steam trying to undermine the legitimate state governments in Selangor and Penang!!
No, let's hope for a change in govt. after GE 13 for policies that will our continued decline!!
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written by arazak, July 24, 2010 08:26:48
written by arazak, July 24, 2010 08:26:48
Dear Dr. Khoo,
Tell me who wants to invest in a corrupt country? No investor wants to touch this country's with a 10 foot pole, let alone investing in projects or throw their money in the Bolehland sock exchange!
Did they ever learn from Zimbabwe. . ., a country so corrupt that investors a shunning away for more than a decade already. Bolehland is also Zimbabwe in the making.
Anyway, just go to the search engine and "type correlation between FDI and corruption". You will be amazed on the numerous research on this topic. Bolehland leaders are selfish, they line their pockets with the intention to bankrupt the country and to make its citizens poor!
Kick this thieving regime in the next GE!
Tell me who wants to invest in a corrupt country? No investor wants to touch this country's with a 10 foot pole, let alone investing in projects or throw their money in the Bolehland sock exchange!
Did they ever learn from Zimbabwe. . ., a country so corrupt that investors a shunning away for more than a decade already. Bolehland is also Zimbabwe in the making.
Anyway, just go to the search engine and "type correlation between FDI and corruption". You will be amazed on the numerous research on this topic. Bolehland leaders are selfish, they line their pockets with the intention to bankrupt the country and to make its citizens poor!
Kick this thieving regime in the next GE!
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written by Raja Kim, July 24, 2010 08:07:26
written by Raja Kim, July 24, 2010 08:07:26
There are two type of leaders, one interested in the flock and and one interested in the fleece. When one is trying to take care of the flock, the other is throwing the spanner to the ratchet wheel. They had been fleecing for the last 52 years, time to get rid of them once and for all.
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written by syd, July 24, 2010 07:16:50
written by syd, July 24, 2010 07:16:50
We should forget FDI and invest the returns from Petronas dividend to invest in the ability of our own citizen, by ensuring a very good education system and money for research and development.
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written by batsman, July 24, 2010 06:39:03
written by batsman, July 24, 2010 06:39:03
This is a silly suggestion even if I am sympathetic to it. I suppose this is meant to trigger the sympathies of the rakyat. Unfortunately for political parties to cooperate, there must be respect for the democratic process and for democracy. UMNO must stop victimisation of DSAI and RPK.
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written by SamYap, July 24, 2010 05:44:17
written by SamYap, July 24, 2010 05:44:17
Dear Mr. Khoo, Your suggestion for the gov and the opp to discuss this serious matter, is excellent. But I fear that the governing party BN, is too busy for 2 reasons. 1st reason is fighting to remain in power in the next GE, which they know might be their death knell. 2nd reason is they are busy conspiring to siphon (aka thieving or stealing) as much of the country's wealth before they are booted out power.
As for the opp, PR, they are too busy working hard to remain as a united party, and working hard to boot out BN in the next GE.
So, you see, Mr. Khoo, until and unless BN is buried in the next GE, or fall over and die now, there will never be a meeting between the two to resolve economic issues.
As for the opp, PR, they are too busy working hard to remain as a united party, and working hard to boot out BN in the next GE.
So, you see, Mr. Khoo, until and unless BN is buried in the next GE, or fall over and die now, there will never be a meeting between the two to resolve economic issues.
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written by MAMR, July 24, 2010 05:34:11
written by MAMR, July 24, 2010 05:34:11
According to the World Investment Report 2010, FDI plunged 81 percent from US$7.32 billion (RM23.47 billion*) in 2008 to just US$1.38 billion (RM4.43 billion) in 2009.
Based on the above statement I think the world Investment Report must have been wrong!! Why did I say that is because so many BN ministers inclusive BN no 1 man himself have been saying that the FDIs are improving!! Now all Rakyat should evaluate for themselves , who are the liers and these people should be dump by 13th GE.
Based on the above statement I think the world Investment Report must have been wrong!! Why did I say that is because so many BN ministers inclusive BN no 1 man himself have been saying that the FDIs are improving!! Now all Rakyat should evaluate for themselves , who are the liers and these people should be dump by 13th GE.
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written by NSTPravda, July 24, 2010 05:27:37
written by NSTPravda, July 24, 2010 05:27:37
...Read my Qur'an Swearing Pink Pouting Lips: focus their attention on what they were elected to do !@@#!??? I will if RPK would shut up, the rakyats accept my Qur'an sworn innocence and make my 1Wife the real 1Lady, and DSAI name his first grandson after me, and plead gulty to sodomy... al UMNOdollarla
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written by budak kampong, July 24, 2010 05:24:13
written by budak kampong, July 24, 2010 05:24:13
Perhaps this is Heavens will. when there is nothing left after the internal plundering and external inflows, Perkasa will not be talking about 67% rights but 67% work. there will be suffering but not necesarily a bad thing in the long run.
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written by DreamLady, July 24, 2010 05:21:49
written by DreamLady, July 24, 2010 05:21:49
Mr. Khoo, the rakyat are ready to do without subsidies provided the ruling party is willing to do away the unnecessary spending such as personal indulgence in overseas trips, squander millions in vote-buying during by-elections, bribery for the jumping frogs from PKR, millions spent on advertising the 'first lady' in US, and the latest is the PM trying to buy a slot to insert his speech to booast his own image as PM at the nation's expense....The opposition party have practically been sidelined on all accounts. Whether they agree or disaggree over certain bills, the UMNO regime goes ahead with their own decision. It would be indeed a tall order, expecting the goons to treat rakyat's problem as thier concern, very much far from their mind is the woes of Malaysians as a whole...
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written by zeus, July 24, 2010 05:09:51
written by zeus, July 24, 2010 05:09:51
Umno is fighting to stay in power; PKR is fighting to get in power. Seriously, no one is seriously interested in the state of the country or the FDI. Our politicians are exactly like the submarine that couldn't dive ... empty shells that just cannot & don't know how to run the country. If we want to save ourselves and our country, kick out BN & umno in the next GE.
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written by ibabonma, July 24, 2010 04:30:27
written by ibabonma, July 24, 2010 04:30:27
Today I bought a cylinder of 14 kg cooking gas and it cost me RM31.80 while previously it was RM26.00!!!
Last night at the pasar malam the Indian 'apam' was sold at RM2.00 for 2 pieces while last week, it was for 3 pieces.
Conclusion: HIDUP UMNO! HIDUP MELAYU! and puasa/Hari Raya is around the corner. Haven't Najis got better dates to implement the new taxation rates. Sangat Bodoh.
Last night at the pasar malam the Indian 'apam' was sold at RM2.00 for 2 pieces while last week, it was for 3 pieces.
Conclusion: HIDUP UMNO! HIDUP MELAYU! and puasa/Hari Raya is around the corner. Haven't Najis got better dates to implement the new taxation rates. Sangat Bodoh.
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written by eloofk, July 24, 2010 04:29:06
written by eloofk, July 24, 2010 04:29:06
There's no chance of both the political divide will want to discuss about the declining FDI.
On the one hand the opposition is hell-bent in driving the ruling party out from Putrajaya and has accused them of mismanaging the economy and rampant corruption by those in power and the ruling elites are trying to hold on to power by hook or by crook by discrediting the top leaders of the opposition with scheming framed up scandals.
Unless a third force is formed and quickly goes into the political arena to salvage the damaged done to the country, Malaysians will brace themselves for a very bleak future.
On the one hand the opposition is hell-bent in driving the ruling party out from Putrajaya and has accused them of mismanaging the economy and rampant corruption by those in power and the ruling elites are trying to hold on to power by hook or by crook by discrediting the top leaders of the opposition with scheming framed up scandals.
Unless a third force is formed and quickly goes into the political arena to salvage the damaged done to the country, Malaysians will brace themselves for a very bleak future.
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