Govt will remove obstacles to doing business in M’sia

Dr Mahathir says govt will also enact new laws that will facilitate the private sector to doing business


Tokyo • The government will remove all obstacles to doing business in Malaysia, especially for foreign investors in order to attract more foreign direct investment (FDI), said Prime Minister (PM) Tun Dr Mahathir Mohamad.

The PM said the Malaysian government would also enact new laws that will facilitate the private sector to doing business in Malaysia and will do away with oppressive laws for businesses.

“You can be assured that this government will be helping you to succeed in your business. If you come to do business in Malaysia, you are our guest.

“We will look into your problems and resolve these problems so that you can do business in Malaysia feeling very comfortable because the government is your friend,” he said when addressing about 600 participants at the 36th Japan-Malaysia Economic Association (Jameca)-Malaysia-Japan Economic Association (Majeca) Joint Conference and Malaysia Business Forum in Tokyo yesterday.

Dr Mahathir (second from left) during the 36th Jameca-Majeca Joint Conference and Malaysia Business Forum in Japan yesterday (Pic: Bernama)

Dr Mahathir said he will also uphold the rule of law so that businesses will be protected by the laws of the country.

“There will be no discrimination against either local or foreign investors.

“Malaysia is always known for the freedom of doing business. We are not restrictive to the degree that will force foreign investors to avoid coming to Malaysia.

“FDI has a role to play in rebuilding the Malaysian economy. We will be very free, very business-friendly and very accessible to businessmen whether they are domestic or foreign,” he said.

Dr Mahathir said business-people would find his government willing to help their businesses to succeed.

“The reason why this government is business-friendly and willing to help business people is because only business creates wealth…and the government by itself cannot create wealth,” he said.

Dr Mahathir said Malaysia now needs more investment in high technology and IT-based industries that he believes would further enrich Malaysia.

“I hope that Jameca once again will focus on Malaysia. Malaysia is waiting to be your profit centre. I promise you that the government will look upon you as a guest who should be treated well by us as a host,” he said.

Dr Mahathir said Malaysia will continue the Look East Policy and further enhance it.

Meanwhile, Dr Mahathir was conferred the “Grand Cordon of the Order of the Paulonia Flowers” by Emperor Akihito of Japan yesterday.

The order is the highest award to be conferred upon foreign statesmen for their contribution towards the bilateral relations between their respective countries and Japan, as well as their contribution to the region.

Dr Mahathir is the third leader from Asia conferred the prestigious award after former Singapore PM Lee Kuan Yew and former Indian PM Manmohan Singh.

Japanese PM Shinzo Abe said the conferment of the award is because of Dr Mahathir’s various services over many years in advancing the relationship between the two countries.

Dr Mahathir said he felt greatly honoured to be awarded the highest award  by the emperor and Japanese government. — Bernama