• DAP Tony Pua sheds more light into Malaysia’s impending FDI darkness

The recent release of World Foreign Investment Report (WIR) 2010 by United Nations Conference of Trade and Development (UNCTAD) provided a picture that is nothing short of grim and ugly for the Malaysian economy especially in its attractiveness as a local and foreign investment destination. While the headline 81% drop in foreign direct investment (FDI) from US$7.32 billion to US$1.38 billion can be brushed of as a ‘blip’ due to a global financial and economic crisis in 2008-2009, a more in-depth study reveals that it was certainly not a one-off.

- Tony Pua on Malaysia 2009 81% FDI drop

As I expected, the mainstream UMNO controlled newspapers did not publish this news when it should be in the headlines immediately. Maybe it will appear tucked in a corner of page 15 later, in an insignificant 60-word article. Along with some smart-ass comments on how it is a blessing-in-disguise for Malaysia or even to the extent of saying the report is somewhat flawed. Pretending our economy is fine and nothing to worry about. God knows what spin UMNO editors are going to put on it.

Look at the charts if words can’t convince you it’s time to change our government now.