KUALA LUMPUR (Aug 29, 2008): Parliamentary Opposition leader Datuk Seri Anwar Ibrahim today said the 2009 Budget is not good enough to attract foreign direct investment (FDI) which is important to propel the country’s economy.
“Nothing new. We reiterated that in the last four, five years when there was global pressure and slow economy, (but) the Prime Minister and Barisan Nasional were not able to give new incentives.
“The problem is that we have lost the competitive edge. There are no new FDI, slow management and corruption. These were not dealt with,” he said to reporters after the prime minister had tabled the budget in the parliament.
Describing it as a deficit budget, Anwar said for an oil-producing country, it is exceptional that Malaysia continues to register deficit. “It is understandable for a country that has no resources,” he added. [more]