The same government will win but possibly with a reduced majority, says economist.
KUALA LUMPUR: The transformation programmes introduced by Prime Minister Najib Tun Razak will ensure victory for Barisan Nasional in the upcoming 13th general election, says chief economist of the Economist Corporate Network, Justin Wood.
He said the transformation efforts, mainly the Economic Transformation Programme (ETP) and Government Transformation Programme (GTP), which were mooted by Najib after taking over the premiership in 2009, would ensure the ruling coalition triumph in the next general election, which is due by April 28, 2013.
“The Barisan Nasional will still be in power. There might be a reduced majority but I foresee the same government after this general election, which is the toughest in Malaysia’s history.
“The Malaysian economy is strong and foreign direct investment is on the rise. This is all due to the current government’s concern over the grouses that the foreign investors had previously,” he told a media briefing, here, today.
Wood said one of the most important criteria for foreign investors when looking at a country to invest, was political stability which came with clarity of policies as a package.
“If the current government remains, the clarity will be there,” he said.
After winning the next general election, Wood said Najib and his government should continue with the successful transformation programmes.