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Malaysia to continue to be business-friendly, says PM

KUALA LUMPUR, July 20 - Prime Minister Tun Dr Mahathir Mohamad today assured investors that Malaysia will continue to be a business-friendly nation and will continue to welcome more foreign and domestic direct investments.

The premier said the new government would enhance anti-corruption practices to ensure a clean business environment and fair play.

"This government is a new government and it will be business-friendly. It will not be corrupt. I know some business people are worried if they deal with a person who is corrupt, some retaliation might occur by the person concerned or his colleagues."

"We will protect you from any retaliation. We want a clean government and I believe so do you," he said in his speech at the opening of the Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) 72nd Annual General Meeting here today.

Dr Mahathir reiterated that the country must never reject foreign direct investments as there would always be new inventions and products that Malaysia had no knowledge of.

"Today, we see many factories in Malaysia (which are) started, owned and operated by Malaysians without any foreign investments but we still need foreign investments because we know that there are new technologies being developed and must be mastered if we are going to compete with the rest of the world," he added.

The prime minister pointed out that Malaysia was in the process of recovery and it would take time for a complete reversal of the wrongs that were committed in the past.

"Rest assured that we are determined to do so and we need the feedback from the business community so that what we do, will be good for the country and certainly for the business community.

“We accept the fact that the business community will be the greatest contributor towards enriching this country," he concluded.

​Source: Bernama & The Star