1MDB issue does not affect investor confidence in Malaysia — Mustapa

Mustapa (second right) looking at the house model after officiating at the Rubber Production Incentive briefing. — Bernama photo

JELI: The 1Malaysia Development Bhd (1MDB) issue has not affected the inflow of foreign investment into Malaysia, in fact, investor confidence in the country is high, said Minister of International Trade and Industry Datuk Seri Mustapa Mohamed.

He said the investors viewed the situation on a long-term basis and Malaysia had good medium- and long-term investment prospects.

“Last week, corporate leaders from 20 US companies met with the Prime Minister (Datuk Seri Najib Tun Razak), Deputy Prime Minister (Datuk Seri Dr Ahmad Zahid Hamidi) and me, and they stated their confidence Malaysia’s development prospects,” he said.

He said this to reporters after officiating at the Rubber Production Incentive briefing at Jeli Parliament level here, yesterday.

He said the stable political situation and government’s ability to drive the country’s development were factors that ensured investors were able to generate profits.

Mustapa said the 1MDB report tabled by the Public Accounts Committee last Thursday clearly showed that there was no linked between 1MDB issues and the prime minister.

“We have wasted over one year to debate on this issue, various slanders were thrown towards the prime minister and the government,” he said, urging the rakyat to look forward to continue developing the country to ensure sufficient job opportunities, businesses and education. — Bernama

 

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