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.