PASIR SALAK, April 1 – The implementation of targeted subsidies in the future, as considered by the government, will not affect foreign investments in the country, said Minister of Investment, Trade and Industry Tengku Datuk Seri Zafrul Abdul Aziz.
He said the implementation, if carried out, would not affect foreign investments because investors have invested for the long term.
The investors focus more on looking at the policies as well as national policies that are consistent before deciding to invest in this country, he said.
“For example, I mention the semiconductor sector…this sector started in the 1970s and it has been 50 years, and that is the focus for our investors to see how the country’s policies are, if consistent they will invest.
“In terms of costs, we are still low compared to other countries because most companies do not receive targeted subsidies. Therefore, even if the subsidies are withdrawn for large companies, they and also investors will compare us with other countries, and our country is still attractive in terms of costs,” he told reporters on Sunday.
