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‘Investor confidence not shaken by Bersih rally’

 | June 13, 2012

However, continuing street rallies could affect foreign direct investments into the country in the long run, says Mukhriz Mahathir.

KUALA LUMPUR: International Trade and Industries Ministry said that street rallies may affect foreign direct investments (FDI) to the country in the long run.

Its deputy minister Mukhriz Mahathir made this statement in a reply to Lenggong MP, Shamsul Anuar Nasarah at the Parliament today

Referring to the Bersih 3.0 rally on April 28, Mukhriz said investors may get worried about investing in Malaysia due to safety concerns.

“But generally, the Bersih 3.0 rally did not affect investor confidence in Malaysia as our economic fundamentals are strong,” he said.

On April 28, tens of thousands marched at the nation’s capital to demand for free and fair elections.

However, the rally turned violent after several protesters breached a police barricade near Dataran Merdeka resulting in some participants and journalists being assaulted by the police.

Mukhriz said that the government was also concerned over claims that some opposition leaders’ were attemtping to discredit Malaysia during their talks in foreign countries.

“If it continues, investor confidence in our country will diminish. Later, the opposition can accuse us of not being capable of managing the economy,” he said.

In terms of FDI, Mukhriz told the Dewan Rakyat that Malaysia received RM32.9 billion in investments last year as compared with the RM29.3 billion recorded in 2010.

“From January to April this year, we received RM17.9 billion in investments,” he said.

Also read:

RM56,000 of smoke in Bersih’s eyes

A scapegoat called Bersih


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