Malaysia 'still attractive'

Malaysia 'still attractive'

KUALA LUMPUR (DPA): Malaysian Prime Minister Mahathir Mohamad
said yesterday that his country remains attractive to "serious
investors", even if international fund managers appear to be
giving it a miss.

A large amount of capital continued to be injected in the
country's manufacturing sector, although Malaysia has not been
spared from the current economic turmoil hitting the region, he
said.

Speaking at a press conference after the opening of a new
semiconductor factory, he said serious investors were still
thronging the country.

"These serious investors are different from fund managers who
only roamed from one country to another making investments only
for instant gains," he said.

The prime minister pledged his government would extend
whatever assistance it could for serious investors to indulge in
an array of activities such as research and development.

"That's the reason why companies (already operating in
Malaysia) generally re-invest in their manufacturing facilities
as they know that Malaysia is a good place to invest," he said.