KUALA LUMPUR, MALAYSIA - Malaysia is not in financial crisis and 'we should not talk ourselves into one,' said Finance Minister Datuk Najib Tun Razak.

However, Gross Domestic Product (GDP) growth for 2009 would be reviewed downwards from the projected 5.4% in the view of the worsening global financial crisis, Najib said on Monday.

The Government would also inject RM5bil to double the size of ValueCap Sdn Vhd set up in 2003 to invest in undervalued companies.

Foreign Investment Committee (FIC) guidelines would also be reviewed to attract more foreign investors especially in property and commercial sectors, said Najib, giving a preview of the measures to be put in place to cushion the Malaysia from the impact of external developments.

The details of a financial stabilisation plan would be presented during the winding up speech in Parliament on Nov 4 as the global markets were still volatile and the Government and Bank Negara needed time to study the developments carefully before finalising the plan, he said.