Jimmy Yeow (The Edgedaily) reports on the rules of attraction…
Malaysia must further relax its investments rules to continue attracting foreign direct investments (FDIs), managing director of US-based Institute of International Finance, Charles H. Dallara said.
“Malaysia has a steady flow of FDIs which underpinned growth in the 5%-6% range. But if you want to grow in the 7%-8% range, which is possible, it should have a more focused set of polices to attract foreign investors,� he said on Sept 21.
Dallara said if the country wants to attract the hi-tech industry, it must allow sufficient flexibility for FDIs to bring talented work force.
And of course, one must watch thy tongue.
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