Waiting till September for confidence vote bad for business, say economists

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PETALING JAYA: The economy will suffer from any delay in a vote of confidence in Prime Minister Muhyiddin Yassin, according to two economists.

Center for Market Education CEO Carmelo Ferlito and Mohamed Aslam Haneef of International Islamic University Malaysia told FMT they believed businesses were disappointed that the vote would be delayed to next month, as announced by Muhyiddin yesterday.

Ferlito said market observers were expecting a sign of clarity and direction during the prime minister’s address to the nation but were let down.

He noted that consumer and business confidence indexes were both in sharp decline and said an uncertain business environment was a bane to investors.

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