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Malaysia is dealing with two very different groups of foreigners - Chinese and Korean players squeezing local businesses on price, and tens of thousands of stateless Rohingya refugees it never recruited but has hosted for years. Now, as local resentment rises, and talk of repatriations to Myanmar increases, Arnold Gay asks CNA Senior Correspondent Melissa Goh how and where Malaysia is drawing the line.
Highlights:
00:00 Intro
01:35 Kuala Lumpur’s changing business landscape
02:45 Scale and scope of expansion was surprising
08:19 Rising rents and pressure on SMEs
10:31 How Malaysia is tightening regulations
13:21 Malaysia’s Rohingya refugee dilemma
15:12 Could refugees fill labour shortages?
19:12 Is Malaysia getting the balance right?
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#CNACorrespondent #Malaysia #population
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<br>If foreign businesses — Chinese or otherwise — can offer Malaysians better, cheaper and more efficient products and services, and they are operating legally, paying their dues and playing by the same rules, then let the market decide who wins. Yes, local SMEs and corporations may feel the pressure. Good. Competition should push us to innovate, improve and become stronger. THAT IS HOW PROGRESS HAPPENS!
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<br>And enough obsession over Chinese signage. What makes Chinese signage inherently different from English signage? The real questions are: Are they legal? Are they playing fair? Are Malaysians getting good products and services?
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<br>But there is a much bigger issue here: THIS IS A WAKE-UP CALL FOR MALAYSIA. WE CANNOT AFFORD TO REMAIN STUCK IN THE MIDDLE-INCOME TRAP.
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<br>Let others fight over low-value activities. Malaysia must MOVE UP. We should be building world-class capabilities in semiconductors, AI, advanced manufacturing, engineering, R&D, digital services and other high-value industries. We should aim to become an ASEAN and global powerhouse — not merely another link in someone else's value chain.
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<br>Protect fair competition, enforce our laws and safeguard strategic industries. But don't fear competition. MALAYSIA MUST COMPETE. MALAYSIA MUST INNOVATE. MALAYSIA MUST MOVE UP THE VALUE CHAIN.<br><br>P.S. On the refugee issue, yes pls deport them if they are illegal.