Protect local firms doing business overseas, ex-deputy foreign minister tells Putrajaya after Maldives snubDatuk Seri Reezal Merican Naina Merican has urged Putrajaya today to take a proactive stance and protect local companies from being ‘bullied’ from overseas. — Picture by KE Ooi
“As such, I believe that the government of Malaysia must play a more active role to ensure that Malaysian companies would be duly protected while venturing business dealings overseas. In this case, especially, the government of Maldives and its government-linked companies are in breach of contract,” he said in a statement.
Reezal said such proactive measures is all the more important as Maldives and Malaysia share a very cordial and warm relationship, and have benefited from such good ties. In 2016, local firm WZR Property Sdn Bhd was awarded the contract to develop a 25-storey office complex by Maldives’ Ministry of Finance and Treasury, but has not received a single sen of the payment despite the fact that it has already completed 20 per cent of the total work.
No, private contractual matter. Let the terms of the agreement and arbitration take its course. The local company didn't seek governments approval to go into business with Maldives.