KUALA LUMPUR – The cancellation of the share sale between Bandar Malaysia and IWH CREC Sdn Bhd for the Bandar Malaysia project was purely a corporate decision.
Therefore, it will not give any impact on the economy for Malaysia.
Chief Economist and Investment Strategist for IQI Holdings, Shan Saeed said, it is clear that TRX City Sdn Bhd had made a transparent commercial decision.
He is confident that the government will get better deals from foreign investors for Bandar Malaysia based on the strong geographical significance and economy growth of the country.
“The cancellation has no direct impact on the economy for the country. The people should know that investor confidence focus on the stability of economy and government policies. The economy does not function based purely on a single micro event. Nothing in this world can function singly.
“On the contrary, the economy interacts with many variables. We don’t work the economy like how we play the piano where you can press a fiscal key and it will give you a certain solution,” he told MalaysiaGazette when requested to elaborate on the public claims that the cancellation of the transaction is based on the current economy status in the country.
He explained, long-term global investors will invest if Malaysia fulfils the main criteria. These are the government’s balance sheet, economic confidence, aggregate demands and modern infrastructure. – MalaysiaGazette