PM: Malaysia's economy is stable - The Star

PUTRAJAYA: Malaysia's economy is stable even though the country is faced with global crises such as the increase in fuel and food prices, said Datuk Seri Abdullah Ahmad Badawi.

"It's stable overall. There is nothing to worry about. We continue to attract foreign investment and we are still a preferred investment destination," the prime minister said.

Malaysia's economy also received positive feedback from other countries, most recently during the Group of Eight Islamic Developing Countries (D8) Summit in Kuala Lumpur, last week, he told Bernama and RTM Radio in an interview at Sri Perdana, the prime minister's official residence, Sunday.

The D8 comprises Indonesia, Pakistan, Iran, Bangladesh, Egypt, Nigeria, Turkey and Malaysia.

Abdullah said the country's image was also intact, saying, "Those who view Malaysia objectively, it is still good. But those connected to (Datuk Seri) Anwar (Ibrahim), they would see things differently."

Asked what would be among his priorities from now until the handing over of power to his deputy Datuk Seri Najib Tun Razak in June 2010, Abdullah said he wanted to see the development of the five economic corridors speeded up.

[More at http://thestar.com.my/news/story.asp?file=/2008/7/13/nation/20080713154501&sec=nation]