Just as we were jumping in unison, de-corking our halal champagne while wearing our national football team jersey - as opposed to a Manchester United jersey - to celebrate a visit by Robert De Niro to our Wonderland, someone decided to spoil the party.
Before going into that, I would like to ask the guy who said that Manchester United jersey should not be worn because it's crest depicts the devil. My question is this. When have you seen the devil to know that the depiction on Man U jersey is that of the devil himself (for that matter, is the devil a "he"?).
For all we know, the rooster on Tottenham Hotspur's jersey is the real devil! That explains why Spur's fans still support the club. LOL!!
Anyway, I digress.
Oh, by the way, Robert De Niro was in town. Of course, for the BC generation like me - BC for "before computer" if you hadn't known - De Niro is da man. The Google generation however would very much prefer Robert Downey Jr.
Who else could have done that "you talkin' to me" stuff other than De Niro. Remember guys?
"You talkin' to me? You talkin' to me? You talkin' to me? Then who the hell else are you talkin' to? You talkin' to me? Well I'm the only one here. Who the fuck do you think you're talking to?"
I digress again.
Anyway, here goes with the real story. Malaysians who follow the economic progress of this country were jolted with the published numbers relating to our foreign direct investments last week.
According to the World Investment Report 2010 unveiled on 23rd July, our FDI plunged 81 percent from US$7.32 billion (RM23.47 billion*) in 2008 to just US$1.38 billion (RM4.43 billion) last year. (*Calculated based on exchange rate of US$1 = RM3.20650). (as reported by MalaysiaKini).
And to add salt to the already gaping wound, our capital outflow for the same period was RM25.77 billion! That means we have a negative capital flow.
As comparison, in 2008, we had RM23.47 billion inflow compared to RM48.06 billion outflow.
What is happening?
There are two aspects to this report. Firstly, foreign investors seem to shun Malaysia. There is something with this country which they do not like. Or which is making them decide NOT to invest here. Don't ask me what. I do not know.
Hmmm...wait. May be they don't like our system. May be we are too corrupt. But the again, they are investing in Indonesia. Even the Philippines drew more FDI than us. Surely these two countries are more corrupt than our country. So, corruption is not it then.
So what is it? How about policies? Or transparency? Or diversification of our economy and economic activities? Or shall we be a little bit nicer to them, no? And less Keris waving in public too, no?
Well, it is for the Government to find out and for me to know. And they had better do it quickly.
The second aspect to the report is that Malaysians do not seem to want to invest in Malaysia either! Ouch!
I am sure from the 23 billion odd outflow, Petronas, Sime Darby and probably even Khazanah are among the major contributors. I could understand why Petronas has to dump money abroad. That is because there is no more oil wells in Malaysia, I suppose.
Felda apparently has invested quite a hefty sum in the US of A. Sime Darby also has sizeable investments abroad.
Perhaps these national companies should now reconsider their business strategy, no?
But hold on.
In a report by the Star on December 19, 2009, Deputy Minister Mukhriz was reported as saying "that the country is on course to hit the RM20bil target in foreign direct investments (FDI) this year".
The report further said:
"Deputy International Trade and Industry Minister Datuk Mukhriz Mahathir said the national economic climate was positive as a total of RM12.6bil in FDI had been received between January and September.
“The FDI figure is encouraging as we must take into consideration that Malaysia is no longer the main country for foreign investors, given new competitors nearby like Vietnam.
“We are confident of reaching our FDI target for this year,” he said, adding that the ministry was awaiting the fourth quarter report.
Speaking to pressmen after launching a forum with Universiti Teknologi Malaysia students here Saturday, Mukhriz said the country was still an attractive destination for foreign investments especially in the electrical and electronic as well as chemical industries.
“The Government is focusing on attracting FDI from industries that are capital intensive and high in technology."
On 14th January 2010, the NST reported as follows:
"On 2009's FDI performance Mukhriz said the number was well over that of the RM20 billion official target set under the Third Industrial Masterplan but way below the RM62 8 billion achieved in 2008.
FDIs from January to October 2009 stood at RM13 9 billion Mukhriz expects 2010 to be better in terms of FDIs.
" I am optimistic and have a good feeling about this year. We'll see some improvements barring any events (epidemic, crisis or war.)"
So it appears that as far as the Government was concerned (as at January this year at least), Malaysia's FDI was "well over RM20 billion." How come the World Investment Report 2010 says our FDI was only 4.43 billion?
I tell you what.
The United Nations' World Investment Report 2010 is just another conspiracy to put Malaysia in a bad light! It must be all the Jews in the United Nations.
Hmm.....wait. We also have a Jewish spy among us.
Yes. Anwar Ibrahim seems to have been at it, yet again.
Malaysians, please unite against this travesty of misinformation. Don't trust them foreigners. They are evil. They are just...just like the devil.
Avoid them like you do a Manchester United jersey.