Don’t blame Perkasa for low FDI, says Dr M

(TMI) Former Prime Minister Tun Dr Mahathir Mohamad said today that low foreign direct investment is a global problem and should not be linked to Malay rights group Perkasa.

“It’s not because of Perkasa. It’s simply because there is not enough FDI,” Dr Mahathir, Perkasa’s patron, told reporters here.

The group led by Pasir Mas MP Datuk Ibrahim Ali has been critical of the government’s economic liberalisation plans.

Perkasa’s controversial stand on what it called the constitutional position of the Malays have resulted in some Umno leaders distancing themselves from the group.

Dr Mahathir was asked to comment on a report that Vision 2020 would not be achieved as political indecision and global economic uncertainty looked set to hamper economic growth over the next five years.

Unveiled in 1991 by Dr Mahathir, Vision 2020 laid out the government’s 30-year ambitious plan to make Malaysia a fully developed nation by the year 2020 by boosting GDP and per capita income.

“The investors today don’t have much money,” said Dr Mahathir.

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