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Political stability Malaysia vital in attracting foreign investment – Dr Wee

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Political stability Malaysia
KUALA LUMPUR, 7 Dis -- Menteri Pengangkutan Datuk Seri Dr Wee Ka Siong keluar dari dewan selepas menyaksikan undian belah bahagian bagi rang undang-undang perbekalan 2021 peringkat jawatankuasa pada Persidangan Mesyuarat Ketiga Penggal Ketiga Parlimen ke-14 di Bangunan Parlimen hari ini. --fotoBERNAMA (2020) HAK CIPTA TERPELIHARA

PETALING JAYA: As no foreign investor would be interested in investing in Malaysia if the political situation is uncertain, political stability remains a critical part of nation-building, says Datuk Seri Dr. Wee Ka Siong.

The Minister of Transport claimed that the government is making efforts to ensure a “vibrant and dynamic economy”. However, he also noted that this cannot be achieved if political Malaysia was no stability.

During his keynote address at the World Chinese Economic Summit 2020 on Monday. He said, “What our business community hopes for is to have more certainties in the political arena and a conducive environment that attracts foreign investors” (Dec 21).

Dr Wee, who is also the president of the MCA, said that the government has a post-pandemic strategy. He is also noting that the government is providing and expanding several policies under Budget 2021 that will help foreign investors.

Increased returns on investment are hoped to draw more forward-looking high-tech companies to invest in upgrading the country’s basic infrastructure and improving the market climate.

“This will help the corporations in and outside the country cultivate better development conditions and increase their competitiveness,” he said.

Dr Wee said the Ministry of Transport is preparing to build and upgrade public transport facilities. It is including airports, ports and railway lines.

As such, he said that this will enhance the advantage of Malaysia’s trade channel and stimulate the economic development of the country to create more opportunities for people to work.

Kuala Lumpur Air Traffic Control Centre Complex (KL ATCCC)

Kuala Lumpur Air Traffic Control Centre Complex (KL ATCCC)

Once the Kuala Lumpur Air Traffic Control Centre Complex (KL ATCCC) is completely operational for the aviation industry. Dr Wee said it will be able to significantly boost the performance of the aviation and logistics industries in the country and improve aviation safety and security.

He noted that KL ATCCC has the world’s most sophisticated technologies and systems for communication, navigation, control and air traffic management. It can supervise the aviation and logistics industries of the country.

In addition, for the maritime industry, Dr. Wee reported that the country has many well-managed and highly productive ports as well as ports-side ventures, including the Port Klang Free Zone and the Kuantan Industrial Park Malaysia-China.

The logistics industry is considered to be an integral component of the digital economy. Shipping is not only the centre of our logistics industry. However, it also plays an important role in our import and export activities.

The construction of our ports will have a direct effect on the functioning of our logistics system and will decide the progress of the production sector. By just looking at how busy our ports are, we can easily judge the country’s economy,” he said.

Dr Wee Ka Siong

Dr Wee said the government is currently building a comprehensive rail network for land transport. It includes the ECRL, RTS, and MRT ventures.

He said these ventures would be able to provide the logistics and travel industries with comfort and efficiency, as well as resolve traffic congestion.

“It will also benefit the delivery services that are link closely to online businesses,” he said.

He also assured in his speech that it was pointless for the world to feel threatened by how influential China was as people who placed a strong focus on peace were Chinese.

Dr. Wee cited the visit of Admiral Cheng Ho to Melaka, where he forged friendships between Malaysia and China. Also, it is including individuals from both countries.

We need to have greater post-pandemic awareness, help and cooperation. We need to let go of our discrimination by living in harmony and to look out for each other.

Our public health and education systems have suffered unprecedented harm from the pandemic. It is much more important to ensure that everyone gets the requisite vaccine. Also, we secure the right to education than to treat the Chinese with animosity.

“If we continue to be ignorant on these issues, it will have a far greater impact on us than imagined”. If we continue to be ignorant on these issues. It will have a far greater impact on us than we imagined.

 

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