Rahman: Penang topping investments shows govt is fair

rahman-dahlan-penang-1

PETALING JAYA: Abdul Rahman Dahlan today said Penang’s success in topping the list of states with the highest manufacturing-sector investments in the first half of 2017 shows that the federal government was fair to opposition-controlled states.

The minister in the prime minister’s department said the approved investments totalling RM7.7 billion recorded in Penang proved Putrajaya did not discriminate in attracting and promoting investments in the country.

He said further evidence lay in the government’s move to build infrastructure networks like the MRT, LRT and highways across Selangor, that is also ruled by federal opposition parties.

He also cited the Digital Free Trade Zone as an “e-fulfilment hub” that would be located at the KLIA Aeropolis in Selangor, and the 25km Second Penang Bridge connecting the mainland and the island as other examples.

“Amidst spreading false propaganda, Selangor and Penang enjoy the economic growth, development, prosperity and stability brought by the federal government,” he said.

“Their modus operandi is to claim credit for all positive achievements in their states and blame the federal government for any negative news at the very first chance.

“Malaysians must realise and judge for themselves which side has been busy managing the economy and which side has been busy politicking,” he said in a statement today.

Rahman said credit should also be given to the Malaysian Investment Development Authority (MIDA) under the international trade and industry ministry for promoting Malaysia globally to attract direct investments.

He said MIDA assisted and facilitated investors by cooperating with relevant agencies at both federal and state levels to secure infrastructure facilities, expedite regulatory approvals, extend support on reinvestments and expansions, and act as a one-stop centre for investors.

He said incentives like the provision of “pioneer status” (PS) and “investment tax allowance” (ITA) were also offered by the federal government for manufacturing and services investors.

Rahman added the opposition had made a series of “false allegations” that included among others that Malaysia was no longer a preferred investment destination; that its foreign investors were fleeing; and that it was a failed nation although data on the actual situation showed otherwise.

“Net foreign direct investments (FDI) flow into Malaysia has been rising from RM23.9 billion (in 2008) to RM47.2 billion (2016), and since 2014 it has been steadily increasing despite external uncertainties such as plunging commodity prices and volatility in global financial markets,” he said.

http://www.freemalaysiatoday.com/category/nation/2017/05/23/fdi-this-year-to-exceed-last-years-rm41-billion/

http://www.freemalaysiatoday.com/category/nation/2017/04/03/guan-eng-denies-investors-exiting-penang/

http://www.freemalaysiatoday.com/category/nation/2017/06/21/invest-selangor-looks-to-big-investments/