Foreign Investors Scared Away By Deteriorating Judiciary In Malaysia

Controversies surrounding the country's judicial system is scaring away foreign investors from doing business here, claims Parti Keadilan Rakyat (PKR).

In a joint statement by Kanul Gindol, political secretary to PKR Vice-President Datuk Dr Jeffrey Kitingan, and Jius Awang, coordinator for Liawan, Friday, both claimed that Malaysia had become less attractive to investors because of the deteriorating state of the judiciary.

They said that maintaining the independence of the judiciary was a prerequisite to attracting foreign investors.

"Many foreign companies, which have been around here (in Malaysia) are now either shifting to other investor-friendly countries or scaling down their operations here," they said.

They also claimed that increasing the fuel subsidy would not bankrupt the country, as stated by the Government.

However, what is really bankrupting the country is the way the Government managed its funds, including spending it on cost-inflated projects, they said.

Calling for the people's support for the party, Kanul and Jius said if elected to form the next Federal government, the party would decentralise the federal governance, as to give more freedom for capable states like Sabah and Sarawak. (Daily Express)

***** The VK Lingam controversy has further confirmed the deplorable state of our judicial system and the active, evil nexus between judges, politicians, lawyers and business tycoons. But as far as Umno is concerned, "semuanya OK" and they will continue to 'struggle' for bangsa, agama dan negara.
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