Zafrul lambasted over claims about foreign investment

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Finance minister Tengku Zafrul Aziz had said the level of investment in Malaysia last year had reflected the confidence investors had in the country. (Bernama pic)PETALING JAYA: Finance minister Tengku Zafrul Aziz has been criticised by business leaders after he made a posting about the level of foreign investment in Malaysia last year and investors’ confidence in the country.He had argued in a posting on the professional social media platform LinkedIn that foreign and domestic investment in Malaysia had amounted to RM109.8 billion for the first nine months of 2020.“How’s that for investors’ continued confidence in Malaysia?” he said.However, Sven Schneider, chief executive of the European Chamber of Commerce, said in response to Tengku Zafrul’s post that European foreign investors have many concerns about Malaysia being a “viable investment destination”.“Until today, the Hono…