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FOREIGN DIRECT INVESTMENT: Local authority must buck up

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MALAYSIA was rated the 16th best investment destination by the United Nations this year. We have improved our position from 19th last year to 16th. This puts us on a par with France and Canada. The United Nations Conference on Trade and Development also ranked Malaysia 11th among the top 20 economies with the highest foreign direct investment (FDI) rates of return. This is an excellent indicator to show that Malaysia continues to be a profitable centre. On the same note, the AT Kearny Foreign Direct Investment Confidence Index shows that we have dropped from 10th to 25th...

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