UNCTAD estimates for FDI differs significantly from PM & DPM

Yup....Uncle Kit had come out socking it to the Government with UNCTAD's figures which is much less than the ones announced by the government.....

In its preliminary estimates of FDI inflows in 2006, Unctad figures for Malaysia see a shrinkage of 1.6 per cent to US$3.9 billion from US$4.0 the previous year, while FDIs for the whole region of “South, East and South-east Asia” register an increase of 13.1 per cent from US$165.1 billion in 2005 to US$186.7 billion, with Thailand recording a 114.7 per cent increase from US$3.7 billion in 2005 to US$7.9 billion and Singapore a 58% increase from US$20.1 billion in 2005 to US$31.9 billion.

The Prime Minister should explain the RM6.4 billion difference in MITI’s FDI figure of RM20.2 billion (or US$5.7 billion) for 2006 and UNCTAD’s preliminary estimates of US$3.9 billion (RM13.8 billion) for the same year.

Lets wait for the explanation......

But much sadder is the fact the figures had risen for the whole of S.E. Asia.....Thailand had registered an an increase of 114% while Spore had an increase of 58%......

No wonder our neighbours are getting richer and we are falling behind......long live the the Never Ending Policy of promoting rent seeking.....