Hold polls to end political instability, say business bodies

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PETALING JAYA: Two business organisations have suggested that a general election be held to end excessive politicking and increase investor confidence in the economy.

Spokesmen for the Malaysian International Chamber of Commerce and Industry (MICCI) and the SME Association of Malaysia said perceived political instability was dampening investor confidence in the country.

MICCI executive director Shaun Cheah said domestic and foreign investors were either withholding investment decisions or cautiously investing until they could see a more stable political environment.

He was commenting on a recent statement from Federal Territories Umno Youth leader Nizham Abdullah Hamidi that heavy politicking was affecting the government adversely, especially in its decision-making process.

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