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PETALING JAYA:
Malaysia stands to lose foreign direct investment (FDI) if its Covid-19 response does not improve soon.
Some foreign companies have alluded that they may have to shut operations in Malaysia and move elsewhere out of concern for the safety of expatriates and their families.
In separate letters to federal government leaders, five trade groups representing investors from Germany, Japan, the Netherlands and the United States also stated that foreign businesses are rethinking their decisions to invest in Malaysia, adding that if the situation persists, some of them might think about relocating elsewhere.
American Chamber of Commerce in Malaysia chief executive officer Siobhan Das expressed the view that the government has failed to appreciate that every time a lockdown is imposed, it disrupts the supply chains and causes serious damage to the country as well as its reputation. ....

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