The picture shows the concerned Sibuians. Photo: Terrence Tan of MPI
Besides his extensive global engagements, Tan Kee Hian also contributed to Malaysia by way of giving consultancy services to our government. He facilitated the Blue Ocean Strategy Retreat hosted by the DPM, Datuk Sri Najib, and co-hosted by Tan Sri Sidek Hassan, Chief Secretary, and Professor Chan Kim of INSEAD.
Tan Kee Hian is also the consultant to the Economic Planning Unit, PM's Department on the Blue Ocean Strategy Study to "outline the macro-economic strategic directions to accelerate and sustain economic growth" in Malaysia.
His exposure has taken him to an in-depth grasp of Malaysia's core strengths and weaknesses. When touching on FDIs in Malaysia, Tan Kee Hian gave a presentation graphically of Malaysia's share of the global FDI flows over the past 15 years. He noted a flattening growth in Malaysia's FDI inflows after 1998 and a notable slump in inflows in 1997, during which time Malaysia was swept over by a severe wave of Asian financial crisis.
Tan Kee Hian pointed out our high degree of unpredictability in corrupt practices has been one contributing factor towards diverting the funds from this part of the world.
Uncertainty constitutes a risk factor which makes it difficult for investors to factor in the cost of it. This is where Malaysia stands to lose out to Indonesia where corruptions are more predictable.
Uncertainty in policies and grafting are costly to FDIs. This is one factor being labelled as contributing towards driving foreign funds away at the absolute loss to our nation.
Invariably, investors have to project IR (investment returns). Costlier investments as a result of unpredictable policies give lower IR which make FDIs in Malaysia less attractive.
On the same principle and along the same line, Sibu has to be able to give sifficient IR to lure outside funds to flow in.
Tan Kee Hian is also the consultant to the Economic Planning Unit, PM's Department on the Blue Ocean Strategy Study to "outline the macro-economic strategic directions to accelerate and sustain economic growth" in Malaysia.
His exposure has taken him to an in-depth grasp of Malaysia's core strengths and weaknesses. When touching on FDIs in Malaysia, Tan Kee Hian gave a presentation graphically of Malaysia's share of the global FDI flows over the past 15 years. He noted a flattening growth in Malaysia's FDI inflows after 1998 and a notable slump in inflows in 1997, during which time Malaysia was swept over by a severe wave of Asian financial crisis.
Tan Kee Hian pointed out our high degree of unpredictability in corrupt practices has been one contributing factor towards diverting the funds from this part of the world.
Uncertainty constitutes a risk factor which makes it difficult for investors to factor in the cost of it. This is where Malaysia stands to lose out to Indonesia where corruptions are more predictable.
Uncertainty in policies and grafting are costly to FDIs. This is one factor being labelled as contributing towards driving foreign funds away at the absolute loss to our nation.
Invariably, investors have to project IR (investment returns). Costlier investments as a result of unpredictable policies give lower IR which make FDIs in Malaysia less attractive.
On the same principle and along the same line, Sibu has to be able to give sifficient IR to lure outside funds to flow in.
A night scene in Sibu. The photo is by courtesy of Wong Meng Lei.
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