Foreign companies in for the long haul

On the re-implementation of the movement control order and the proclamation of emergency to contain the increasing number of Covid-19 cases, many of the companies said the development had not affected their confidence in investing in the country.

Malaysian-German Chamber of Commerce and Industry chief executive officer Daniel Bernbeck said German investors in Malaysia mostly showed a tendency to continue with their pre-existing investment plans as most of the investments are in high technology and have a long planning phase. He said the arrangement cannot be suddenly stopped, reversed or changed, and this applied to many big players and multinational companies.

Meanwhile, German-based medical technology company B. Braun said it would support all efforts by the government to safeguard the health of Malaysians. — Bernama

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