"Investors do not like uncertainties," says Navaratnam.
SHAH ALAM: Selangor politicians should take the lead in ensuring stability and unity to bring greater certainty to the state's political, economic and administrative systems, Asli Centre of Public Policy Studies chairman Tan Sri Ramon Navaratnam said.
He said this would ensure that Selangor would continue to prosper and not lag behind in investments.
Hence, it is very important for Selangor, as one of the developed states in the country, to make greater strides in attracting domestic and foreign investments, he said.
"If Selangor were to prosper, it will send a powerful signal to local and foreign investors that it is worth investing in Malaysia as a whole.
"As such, if Selangor's investments were to go down, other states will also suffer. But to ensure that more investments flow into Selangor there must be preconditions of stability and unity.
"Investors do not like uncertainties. And as long as there are uncertainties in future stability and economic policy, there will be delays in decision making for more investments," he told Bernama.
He was commenting on Selangor's investment outlook following the collapse of the Pakatan Rakyat opposition coalition recently after the DAP severed ties with PAS.
Despite the demise of the informal coalition, the PKR-led Selangor government and the DAP-lead Penang opposition government remain intact, PKR president Datuk Seri Dr Wan Azizah Wan Ismail said.
In Selangor, the DAP and PAS have 15 seats each, while PKR, 13. Ijok assemblyman Tan Sri Abdul Khalid Ibrahim, who was the previous opposition menteri besar, is now an Independent assemblyman.
Navaratnam, an economist, urged Selangor politicians to set aside their political differences and serve the people diligently.
"People's interest should come first. If they don't remember their commitment to serve the people, the people will make their voice heard through the ballot box," he said.- Bernama