KUALA LUMPUR: Prime Minister Datuk Seri Anwar Ibrahim has dismissed claims that foreign investors are losing confidence in Malaysia's economy due to the Royal Addendum issue, citing strong investment figures and stock market performance.
"There has been some capital outflow, but it is very small—0.2 per cent of the total RM2 trillion market capitalisation," he said during the Prime Minister's Question Time in the Dewan Rakyat today.
This was in response to a question by Machang member of Parliament Wan Ahmad Fayhsal Wan Ahmad Kamal on a recent sale of shares by foreign investors, implying a loss of confidence due to the issue surrounding the order purportedly signed by the 16th Yang di-Pertuan Agong allowing former prime minister Datuk Seri Najib Razak to serve the remainder of his prison sentence under house arrest.
"Thailand lost four times that amount, while Indonesia lost double.
"So where is this narrative that the market is crashing due to the Addendum coming from? Where are these numbers from? Where are they pulling them from?" Anwar asked. - NST
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