Amanah Youth: FDI should boost all states, including those held by opposition

Amanah Youth has called for Foreign Direct Investment (FDI) to be steered towards boosting the economy of all states, including those administered by the opposition.

The movement's deputy chief Faiz Fadzil (photo, above) argued that foreign and domestic investments should not be directed only to certain states.

While Malaysia has noted a sharp increase in FDI, there is an imbalance favouring developed states such as Penang and Selangor.

Faiz said the initiative in strengthening the country's economy and increasing foreign investment could be made through the establishment of a National Investment Policy.

This, he said in a statement today, should be established to focus on domestic investment and foreign direct investment.

"Foreign and domestic investments should not focus on certain states, so that all Malaysians can feel the positive impact of private investments in the country.

"Suitable infrastructure and incentives need to be created in all states to encourage investment activities in all sectors, including modern agriculture," Faiz said.

"With this 'pro-investor' approach, Malaysia will remain on the right track," he said.

The Permata Pasir assemblyperson said the government's success in boosting foreign investment would indirectly create more job opportunities, especially high-skilled jobs.

"The dramatic increase in FDI shows that foreign investor confidence in Malaysia has increased significantly after Pakatan Harapan took over the country's governance," he said.

Faiz also suggested that the government introduces new initiatives or incentives to increase the participation of investors in the local stock market.

He also called for a delay in introducing taxes on the stock market until Bursa Malaysia's performance is stable again.