GREATER KUALA LUMPUR, THE HEART OF A REGIONAL HUB
“What sort of a dream is the perception that investors' confidence has eroded because of the addendum (issue)?” he asked.
He was responding to a question from Wan Ahmad Fayhsal Wan Ahmad Kamal (PN-Machang) on the reasons why many foreign investors have been selling their shares in the country recently.
“Where are the numbers from?” asked Anwar.
When it came to the supplementary question, Wan Ahmad Fayshal then cited a Bursa Malaysia report and said that the foreign outflows from Bursa Malaysia has been high since Anwar became Prime Minister. He then asked whether the reason for the outflow is the perception of corruption and the addendum issue, among others.
Anwar then reiterated that all economic indicators have increased. The bond market has also reported a positive performance.
“He (Wan Ahmad Fayshal) did not listen to my explanation,” he said.
“It is alright if that is his view. This is why Machang is not developed,” the premier said.
Wan Ahmad Fayshal then responded by saying that he was a first- time MP, to which Anwar retorted that he would consider increasing allocations for the development of Machang.
Anwar then said what was important was strong economic fundamentals such as economic growth, increase in investments and the strength of the ringgit.
Meanwhile, to another supplementary question by Datuk Seri Hamzah Zainudin (PN-Larut) on the need for reforms on Bursa Malaysia to provide foreign investors the "flavour" to invest in the local capital markets, Anwar said he agreed with the proposal.
“There have been changes to the leadership of Bursa Malaysia which indicate reforms. There are early proposals,” he said while adding that the market capitalisation remains positive at RM2 trillion.
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