9 MNCs close shop, cite weak demand, higher costs amid pandemic

[superadmin]

PETALING JAYA: Nine multinational corporations (MNCs) have stopped operations in Malaysia from March 2020 to May this year, according to international trade and industry minister Azmin Ali.

In a written parliamentary reply, the senior minister for economy said these MNCs were foreign manufacturing firms from the textile, machinery and metal, construction, electric and electronics as well as chemical sectors.

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