Malaysiakini NEWS

Racist view of FDI will leave M'sia impoverished, says Najib

Kow Gah Chie
Published:  |  Modified:

Malaysia will be impoverished and be less competitive if the country rejects foreign investments based on racist reasons, said Prime Minister Najib Abdul Razak.

Without naming any critic, he said some parties who are "economically illiterate and racist” had harped on the issue.

"There are some who are trapped in old ways of thinking, who play on the baseless fear that foreign investments can lead to a loss of sovereignty.

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