SMEs worry delay in forming new govt will affect business
The business community says the longer the search for the prime minister drags on, the worse it will be for the country’s economy. – The Malaysian Insight file pic, November 24, 2022.
“What they are looking for is political stability with political parties and politicians alike making the country’s economic development their topmost priority.” He said the absence of a government and the potential for political volatility could trigger a foreign capital outflow.Ding said the longer the search for the prime minister drags on, the worse it would be for the country’s economy.
He said the country’s economy had yet to recover from the pandemic, so a stable government would just be the key to recovery. Khor said it is the wish of every businessman for a stable, business-friendly government after the election.Federation of Sundry Goods Merchants Associations of Malaysia president Hong Chee Meng said a stable government could also put a halt to the slide of the ringgit.
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