The industrial sector in Malaysia has undoubtedly experienced an astonishing growth, as well as surge in demand in the recent years. According to the Malaysian Investment Development Authority (MIDA), the country had attracted a record amount of approved investments worth RM306.5 billion in 2021 alone and out of the total figure, 68.1% of the approved investments came from foreign direct investment (FDI), highlighting the positive in-flow of foreign capital into Malaysia.
Washington, Jan. 28 (CNA) The U.S. Customs and Border Protection (CBP) on Friday determined a Taiwanese fishing vessel flying a flag of convenience (FOC) had used forced labor in its operations, and the agency will seize its seafood catch.
US Customs and Border Protection (CBP) seized the catch of a Taiwanese fishing vessel that was flying a “flag of convenience” and using forced labor, the agency said on Friday.
The CBP said in a statement that the Vanuatu-flagged vessel Da Wang (大旺) is owned and operated by the Taiwanese firm Yong Feng Fishery.
The company is one of two recently found by the CBP suspected of using forced labor. The other is a Malaysian company, Sime Darby Plantation Berhad (Sime Darby), whose palm oil and related merchandise was also seized.
“CBP’s investigations found evidence of all 11 of the International Labour Organization’s