Demand & Supply

By Shannon Teoh PUTRAJAYA, June 11 â€" Malaysia hopes to build greater agency in its economic policies as well as improve the function sector in the face of an expected more than than one-half drop in foreign direct investment (FDI) this year. roseola Minister Datuk Seri Najib Razak said that the new economic model, to be implement this year, may see further changes to Bumiputera quotas and a focus on medical services while keeping various corridor developments initiated by his predecessor Tun Abdullah Badawi on track. Najib, who is to a fault finance minister, expressed tending that global FDI was set to drop by 50 to 60 per cent this year and would result in a fight for the pool that is left. All nations allow be competing and it will be tougher to get a slice of the investment, he said. This drop follows a 21 per cent drop last year. He also told captains of industry and non-governmental organisations at a budget consultation merging that next years budget should focus on ways to stimulate growth. In his opening speech at the Finance Ministry, he said that policies implemented would have to forge a fair and just society which would build confidence and spur domestic activity.

He said this would require a consistency of policies without flip-flopping, a term that has been used to describe Barisan Nasional (BN) policies in the past. Najib, who recently announced a liberalisation in Bumiputera quotas for some(prenominal) sectors, said the government is looking to assist successful non-Bumiputeras. He hoped that the continued efforts to help Bumiputeras would not simply be quota-based entirely in a manner which was sustainable. Greater liberalisation gist greater competition and efficiency. It will see emergence of loaded iconic companies who will be regional and global champions. We will have ways and means to help Bumiputra companies, not in a traditional sense but to become more resilient and competitive, he added in a press conference. The finance minister... If you want to get a full essay, order it on our website: Orderessay

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