KUALA LUMPUR: Chinese investors have voiced their confidence in providing continued investment in China given that the new Pakatan Harapan-led government can provide a secure investment environment as well as political stability.
Malaysia-China Chamber of Commerce president, Tan Yew Sing said, the peaceful change of government has inspired confidence among Chinese investors.
“I feel that Malaysia in the long term will be even more competitive and effective. For example, the anti-graft initiatives will reduce such activities in the country.
“Graft takes a toll on the cost of doing business. If a country has an organisation which is free to battle graft, this will be looked upon favourably by investors,” he told reporters after meeting the Council of Eminent Persons at Menara Ilham, on Thursday.
Tan said Chinese investors will first monitor the developments in the local market and return once the Malaysian government is able to prepare a clear business policy that does not tolerate graft.
Chinese investment in Malaysia, he said, has equal importance as investments in other countries, but noted that Malaysia could be “reviewed” to benefit both parties.
Tan said, the issue of the East Coast Rail Link (ECRL) and Chinese property investments in Malaysia were raised during the meeting, but the details have yet to be ironed out.
He said the chamber will submit its final report on the issues raised in the meeting to the council within the next two weeks.
“There are several key items which we explained. We are now seeking feedback on Malaysia’s economy on drawing foreign investment,” he said. — Reprots by Mohd Anwar Patho Rohman, Hazwan Faisal Mohamad and Ayisy Yusof