YOURSAY | FDI exodus: Malaysia is fast losing its competitive edge

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YOURSAY | ‘Azmin and the PN govt care only about their immediate political survival.’Azmin's 'casual attitude' to FDI exodus highlights govt disconnect, says AnwarKim Quek: United Nations Conference on Trade and Development’s (Unctad) announcement of Malaysia’s drastic plunge in foreign direct investment (FDI) has sent shock waves across a country whose economy has been badly mauled by the Covid-19 pandemic.But not to Malaysia’s senior minister overseeing foreign investments Azmin Ali, who casually attributed it to his government’s policy of accepting only high-end investments.The truth, as mentioned by the EU-Malaysia Chamber of Commerce and Industry (Eurocham), is the horrible investment climate of the country under the Perikatan Nasional (PN) rule.The bumbling rule of this backdoor government has not only deterred FDI but has literally caused capital flight as i…