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Malaysia increases scrutiny of foreign-run businesses amid China concerns

The government is also trying to ease fears among local SMEs that foreign operators face different rules, while citing analysis ahead of the Johor state election.

Reported · Written up by our desk · Trade & Tariffs

Malaysia is stepping up scrutiny of foreign-run businesses after local operators raised concerns that competition from China is undercutting their ability to compete, according to SCMP Economy.

The government aims to keep Chinese investment, technology, and affordable consumer goods flowing into Malaysia, while assuring small and medium enterprises that foreign competitors are not subject to different rules.

SCMP Economy reports that Tengku Zafrul Aziz, now chairman of the Malaysian Investment Development Authority, said government social media sentiment analysis identified China-linked concerns as a major issue ahead of the Johor state election earlier this month.

The article also points to a November survey by the Associated Chinese Chambers of Commerce and Industry of Malaysia, where 45.1 percent of 245 respondents said they were pessimistic about their industry’s ability to compete with Chinese firms over the next five years.

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