‘Protectionist’ cabotage policy bad for nation’s image, says economist
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Title : ‘Protectionist’ cabotage policy bad for nation’s image, says economist
Category : Malaysians
An exemption allowing foreign vessels to carry out undersea cable repairs was recently removed by the government. (Youtube pic)PETALING JAYA: An economist says the removal of a cabotage exemption for foreign vessels undertaking submarine cable repairs makes Malaysia appear “unfriendly” among foreign investors.Geoffrey Williams.Geoffrey Williams of the Malaysia University of Science and Technology said the move would give Malaysia a bad image for running a protectionist policy favouring local firms.“This would affect the overall investment perception for Malaysia,” Williams said.The cabotage exemption had previously allowed foreign vessels to perform undersea repair jobs. However, in November, transport minister Wee Ka Siong revoked the exemption for submarine cable repairs.The decision drew criticism with Umno deputy president Mohamad Hasan saying the government’s handling of …
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