Goh Lim Thye says boycotts could lead to job losses and higher unemployment, deter foreign investors and disrupt the supply chain.
Read More:
https://www.freemalaysiatoday.com/category/nation/2024/08/04/think-carefully-about-prolonged-consumer-boycotts-says-economist/
Free Malaysia Today is an independent, bi-lingual news portal with a focus on Malaysian current affairs.
Subscribe to our channel - http://bit.ly/2Qo08ry
------------------------------------------------------------------------------------------------------------------------------------------------------
Check us out at https://www.freemalaysiatoday.com
Follow FMT on Facebook: https://bit.ly/49JJoo5
Follow FMT on Dailymotion: https://bit.ly/2WGITHM
Follow FMT on X: https://bit.ly/48zARSW
Follow FMT on Instagram: https://bit.ly/48Cq76h
Follow FMT on TikTok : https://bit.ly/3uKuQFp
Follow FMT Berita on TikTok: https://bit.ly/48vpnQG
Follow FMT Telegram - https://bit.ly/42VyzMX
Follow FMT LinkedIn - https://bit.ly/42YytEb
Follow FMT Lifestyle on Instagram: https://bit.ly/42WrsUj
Follow FMT on WhatsApp: https://bit.ly/49GMbxW
------------------------------------------------------------------------------------------------------------------------------------------------------
Download FMT News App:
Google Play – http://bit.ly/2YSuV46
App Store – https://apple.co/2HNH7gZ
Huawei AppGallery - https://bit.ly/2D2OpNP
#FMTNews #GohLimThye #Boycott #BDS
Read More:
https://www.freemalaysiatoday.com/category/nation/2024/08/04/think-carefully-about-prolonged-consumer-boycotts-says-economist/
Free Malaysia Today is an independent, bi-lingual news portal with a focus on Malaysian current affairs.
Subscribe to our channel - http://bit.ly/2Qo08ry
------------------------------------------------------------------------------------------------------------------------------------------------------
Check us out at https://www.freemalaysiatoday.com
Follow FMT on Facebook: https://bit.ly/49JJoo5
Follow FMT on Dailymotion: https://bit.ly/2WGITHM
Follow FMT on X: https://bit.ly/48zARSW
Follow FMT on Instagram: https://bit.ly/48Cq76h
Follow FMT on TikTok : https://bit.ly/3uKuQFp
Follow FMT Berita on TikTok: https://bit.ly/48vpnQG
Follow FMT Telegram - https://bit.ly/42VyzMX
Follow FMT LinkedIn - https://bit.ly/42YytEb
Follow FMT Lifestyle on Instagram: https://bit.ly/42WrsUj
Follow FMT on WhatsApp: https://bit.ly/49GMbxW
------------------------------------------------------------------------------------------------------------------------------------------------------
Download FMT News App:
Google Play – http://bit.ly/2YSuV46
App Store – https://apple.co/2HNH7gZ
Huawei AppGallery - https://bit.ly/2D2OpNP
#FMTNews #GohLimThye #Boycott #BDS
Category
🗞
NewsTranscript
00:00It is crucial to consider the broader implications of boycott movements, even if they have not
00:08significantly affected the nation's economy.
00:12This is what economist Go Lim Thai told FMT, adding that the closure of foreign food and
00:17beverage businesses could raise the unemployment rate for the sector.
00:22He said this would, in turn, create a negative perception among foreign investors regarding
00:28market stability.
00:30In April, QSR Brands Holdings Berhad said it had temporarily closed several KFC outlets
00:37following months of boycotts due to its perceived links to Israel.
00:42On July 31, the Economy Ministry said in a parliamentary reply that the boycott movements
00:48had not affected the economy since the food and beverage subsector contributes less than
00:532.5 per cent to the GDP.
00:56Nazari Ismail, an economist and the Malaysian chairman of the BDS boycott movement, agreed
01:01with the ministry's findings.
01:03He said most consumers are simply shifting from foreign to local products.