Malaysian govt to do away with oppressive laws, says Mahathir

Malaysian govt to do away with oppressive laws, says Mahathir
PHOTO: The Star/Asia News Network

Encouraged with the big turnout of Japanese corporate figures and captains of industry at a business conference, Tun Dr Mahathir Mohamad laid out his government's plan to woo Japanese investors, including doing away with oppressive laws and enact new ones.

The Prime Minister pledged that the government would be their friends and that they would be treated as guests when they invest in Malaysia.

"As soon as you reached an agreement with your partner, you are protected by the laws of the country.

"There will be no discrimination between local and foreign investors. If we are obstructive, there will be no business and the government will not be able to create wealth and develop the country.

"We are business-friendly because business creates wealth. When business is good, we don't have to invest money.

"We get 26 per cent of your profits and that is good business for the government," he said during the 36th Jameca-Majeca business forum, an annual Malaysia-Japan Economic Association gathering to promote closer economic relations between private sectors.

A Japanese businessman, during the question-and-answer session, lamented on the need for a clear-cut policy on foreign workers as companies faced bureaucracy problem to renew visas for them.

To this, Dr Mahathir blamed the corrupt actions of the previous government in bringing in foreign workers.

"You are referring to the past government. There was a lot of corruption involved in bringing in and employing foreign workers.

"Now, we have a proper policy with regard to foreign workers. We don't allow any corruption or smuggling in workers.

"We need to know how many workers you need so that we can ensure when you don't have enough Malaysians, then we allow foreign workers to come in for a period of time.

"Obviously, foreigners cannot stay in our country forever," he said.

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