KUALA LUMPUR: There would not be any cannibalism to domestic elements with continuous inflows of foreign investments, especially from China, said InvestKL chief executive officer Datuk Zainal Amanshah. "It is also important to recognise that we are now attracting high value and high skilled investments - creating opportunities for real estate and talents. "That will create different opportunities for different types of demand," he told reporters at InvestKL's 2016 updates and 2017 market outlook here, today. A media report earlier quoted former Deputy Prime Minister Tan Sri Muhyiddin Yassin as saying that the aggressive move to attract such investments will threaten Malaysia, criticising the inflow of mainland China investments into Malaysia. He was reported to have accused Prime Minister Datuk Seri Najib Razak of “opening the floodgates for foreign power to influence local political parties”.

Source: New Strait Times January 19, 2017 06:38 UTC