Some foreign investors want to stay on, says Abdullah
The Prime Minister said there were also foreign executives who wanted to take up permanent residence in
“I’m very happy because this is an indication that they like
Abdullah said the economy and ringgit were stable, with the country’s rules and laws facilitating, not frustrating, business and investment.
In his speech earlier, he said the Government was committed to developing the luxury tourism segment, which included upmarket hotels, resorts, high-end shopping, dining and entertainment outlets.
He said Pavilion would help establish
Abdullah noted that tourist spending for shopping reached RM6.8bil in the first half of 2007, which was a significant 86.3% growth compared to the corresponding period the previous year.
He said the Government was aware that to develop
This included allowing tourists from certain countries visas upon arrival, and waiving high duties and taxes on branded goods to encourage retail participation in the luxury segment.
At the 2007 National Youth Awards ceremony at Bukit Jalil earlier, Abdullah urged Malaysians to be “world class” in whatever they did.
Malaysian Youth Council president Datuk Shamsul Anuar Nasarah was named the male youth personality while Sungai Tiang assemblywoman Suraya Yaacob was the female youth personality.
Addressing the Malaysian Associated Indian Chamber of Commerce and Industry (Maicci) gala dinner here last night, the Prime Minister reassured the Indian community that they would not be left behind in the national development agenda.
“I have listened to the problems addressed by the every sector of the Indian community, including your group tonight, and I will do everything to improve the situation from now on,” he added.
Assessed on Friday February 1, 200, at The Star Online