Published: Friday November 2, 2012 MYT 1:27:00 PM
Updated: Friday November 2, 2012 MYT 1:39:31 PM
Awang Adek: Foreign investors confident thanks to Malaysia's laws
By LEE YEN MUN
PUTRAJAYA: Foreign investors have confidence in Malaysia because they feel protected by the country's laws and its authorities, Deputy Finance Minister Datuk Dr Awang Adek Hussin said.
The Umno lawmaker was referring to results released in a World Bank report entitled "Doing Business 2013: Smarter Regulations for Small and Medium-Size Enterprises" released last week, where Malaysia was ranked fourth in the world in investor protection.
The same survey had also ranked Malaysia as the 12th most business-friendly country globally and first in terms of ease of getting credit.
"They (investors) are not worried when their investments are placed in Malaysia, which means that they feel protected by the law and its authorities, such as the Bank Negara and Securities Commission.
"This has happened as a result of a change in our work culture and improvements made to our delivery channels.
"As the 12th most competitive (business nation), more investors will come to our shores, bringing new technologies which will in turn increase our productivity," Awang said at the launch of the ministry's Innovation Day here Friday.