Too Early To Celebrate Record Approved Investments For 2023 Says Pkr Mp



Petaling Jaya MP Lee Chean Chung says the foreign investments have yet to be fully realised. (FMT) – A PKR MP has cautioned against “prematurely” celebrating Prime Minister Anwar Ibrahim’s announcement of the record approved investment of RM329.5 billion in 2023 as a government achievement.
In a statement, Petaling Jaya MP Lee Chean Chung discussed the apparent contradiction between the depreciation of the ringgit against the US dollar and the record-high approved investment in Malaysia.
“First, approved foreign investment is merely the FDIs that were approved to enter Malaysia but likely yet to reach our shores. It’s just committed investments that, due to several factors, have yet to materialise.
“So, it is still too early to celebrate the success until the time gap is shortened, for example, factories are built, offices are filled with employees, and the production lines are running,” he said.
After chairing a National Investment Council meeting yesterday, Anwar said Malaysia saw a record-high of RM329.5 billion in approved investments last year
Anwar, who is also the finance minister, said last year’s figure was 23% higher than 2022’s total of RM264.6 billion.
In his statement, Lee also pointed out that the country’s overnight policy rate is still low at 3%, compared to the US’s 5.5%.
He said this encourages investors to hold onto their funds in US dollars rather than converting them to ringgit until there is a need to do so.
“The value of a currency is determined by aggregate supply and demand. When most parties prefer to hold the US dollar, the ringgit will be pressured to depreciate,” he said.
3 strategies proposed
Describing reverting to a capital control regime as a “no-brainer”, Lee proposed three strategies to address the country’s situation.
Lee, who is a member of the parliamentary select committee on economy and finance, called for stricter monitoring of dollar purchases by importers and expediting local approval processes for FDIs.
“While the political stunts continued to be played by the opposition clearly doesn’t help, it is also time for the unity government to monitor the implementation of National Energy Transition Roadmap, MyDigital and the aspiration of National Industrial Master Plan at the micro level.
“In the long term, it is about investing and feeling hopeful about the future of Malaysia,” he said.
 


Artikel ini hanyalah simpanan cache dari url asal penulis yang berkebarangkalian sudah terlalu lama atau sudah dibuang :

https://www.malaysia-today.net/2024/02/23/too-early-to-celebrate-record-approved-investments-for-2023-says-pkr-mp/

Kempen Promosi dan Iklan
Kami memerlukan jasa baik anda untuk menyokong kempen pengiklanan dalam website kami. Serba sedikit anda telah membantu kami untuk mengekalkan servis percuma aggregating ini kepada semua.

Anda juga boleh memberikan sumbangan anda kepada kami dengan menghubungi kami di sini
Anwar S Fdi Figures Pkr Mp Says Too Early To Celebrate

Anwar S Fdi Figures Pkr Mp Says Too Early To Celebrate

papar berkaitan - pada 23/2/2024 - jumlah : 389 hits
Less than 24 hours after Prime Minister Anwar Ibrahim touted Malaysia recording a total approved investment of RM329 5 billion in 2023 as one of his government s achievements a PKR lawmaker has cautioned against premature celebrations Petal...
Record Rm329 5bil In Approved Investments Last Year Says Anwar

Record Rm329 5bil In Approved Investments Last Year Says Anwar

papar berkaitan - pada 22/2/2024 - jumlah : 255 hits
Prime Minister Anwar Ibrahim said last year s approved investments involves 5 101 projects and has the potential to create more than 127 000 new job opportunities PETALING JAYA Malaysia saw a record high of RM329 5 billion in approved inves...
Epf Likely To Declare Dividends Of Up To 5 6 For 2023

Epf Likely To Declare Dividends Of Up To 5 6 For 2023

papar berkaitan - pada 28/2/2024 - jumlah : 279 hits
The EPF is likely to give a bigger payout this year thanks to the good performance of its overseas investments PETALING JAYA The 16 million contributors to the Employees Provident Fund may well have cause to celebrate this year A source tol...
Malaysia S Food Imports Hit Rm71 6bil In 2023 Says Mat Sabu

Malaysia S Food Imports Hit Rm71 6bil In 2023 Says Mat Sabu

papar berkaitan - pada 29/2/2024 - jumlah : 222 hits
Agriculture and food security minister Mohamad Sabu said his ministry aims to produce 2 030 846 tonnes of local white rice in 2024 PETALING JAYA Malaysia s total agricultural food imports from January to November 2023 amounted to RM71 6 bil...
Legal Precedent Exists For Federal Court Shariah Enactment Decision Says G25

Legal Precedent Exists For Federal Court Shariah Enactment Decision Says G25

papar berkaitan - pada 10/2/2024 - jumlah : 334 hits
G25 applauded Nik Elin Zurina Nik Abdul Rashid and her daughter Tengku Yasmin Nastasha Tengku Abdul Rahman for their courage and initiative in filing the petition PETALING JAYA The Kelantan government should emulate the Negeri Sembilan gove...
As Rally Ends Bersih Says More To Come In Push For Reforms

As Rally Ends Bersih Says More To Come In Push For Reforms

papar berkaitan - pada 28/2/2024 - jumlah : 228 hits
PAS information chief Ahmad Fadhli Shaari meanwhile says something must be wrong with the government if Bersih is rallying against it As Bersih s rally outside Parliament here ended this morning its chairman Faisal Abdul Aziz said it was th...
Citing Confucianism Pkr Mp Defends Calls For Chinese To Make Babies

Citing Confucianism Pkr Mp Defends Calls For Chinese To Make Babies

papar berkaitan - pada 16/2/2024 - jumlah : 356 hits
Bayan Baru MP Sim Tze Tzin has defended his calls for Chinese Malaysians to get married and have children citing Confucianism and emphasising benefits for the country He said that according to Confucianism people need to get married to take...
Malaysia Important In Fighting For Palestinian Cause Says S African Envoy

Malaysia Important In Fighting For Palestinian Cause Says S African Envoy

papar berkaitan - pada 20/2/2024 - jumlah : 239 hits
South Africa s high commissioner to Malaysia David E Malcomson said he knows Malaysia will be consistent in its stand on Palestine PETALING JAYA South Africa regards Malaysia as a key ally in advocating Palestinian rights and self determina...
Opposition Equally To Blame For Depreciating Ringgit Says Ex Minister

Opposition Equally To Blame For Depreciating Ringgit Says Ex Minister

papar berkaitan - pada 23/2/2024 - jumlah : 305 hits
The opposition is equally to blame for the falling ringgit value and the current state of the economy said Salleh Said Keruak According to the former minister from BN this was because the opposition was constantly talking about toppling the...
Momen Yang Tidak Akan Terhilang

Pos Malaysia Drops Fossil Stamps To Celebrate Dino Era Finds

Bullying Case Expulsions A Lesson For Mara College Students Says Asyraf

Man City Bergaya Bedal Juventus

Be A Critic But Don T Be Lazy With Your Facts Hannah Yeoh S Pol Sec Lambasts Mca Youth S Neow Over Fam Issue

Lunch Asam Pedas Kepala Ikan Merah Dan Lemak Telur Itik

The Traffic School That Works Around Your Life Not The Other Way Around

Travel Tips To Bali From Malaysia Don T Buy Your Ticket To Bali Without This Guide


echo '';
Info Dan Sinopsis Drama Berepisod Dendam Seorang Madu Slot Tiara Astro Prima

10 Fakta Biodata Amira Othman Yang Digosip Dengan Fattah Amin Penyanyi Lagu Bila Nak Kahwin

5 Tips Macam Mana Nak Ajak Orang Kita Suka Dating Dengan Kita

Info Dan Sinopsis Drama Berepisod Keluarga Itu Slot Lestary TV3

Bolehkah Manusia Transgender Mencapai Klimaks Selepas Bertukar


Autoimmune Disease

Hassle Free Estate Liquidation Let Us Handle The Heavy Lifting

Dikecam Gara Gara Halau Lelaki Dari Surau Jmb Halaman 11 Akhirnya Bersuara Itu Video Lama Perkara Tu Dah Selesai

Hiburan Kieda Crepe Akui Bisnes Terjejas Tak Sangka Video Peribadi Undang Kritikan Saya Lupa Saya Influencer

21 Rumah Musnah Dalam Kebakaran Di Hutan Melintang

Anwar Gagal Kawal Kes Serangan Seksual