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00:01 Rafida Aziz has urged the government to quickly respond
00:04 to the planned closure of Goodyear's manufacturing plant
00:07 in Shah Alam.
00:08 The former International Trade and Industry Minister described
00:11 Goodyear's imminent closure as an unexpected shock
00:15 given its long-time presence in Malaysia's industrial sector.
00:18 She called on the government to obtain comprehensive data
00:21 regarding the number of companies
00:23 that have ceased operations in Malaysia
00:25 and analyse the factors behind these closures.
00:28 Despite the government touting billions of possible foreign investments,
00:32 Rafida said it was crucial to retain industrial and business entities
00:36 which are already in Malaysia.
00:38 Rafida said the country should never solely rely on the signing of
00:41 Memorandums of Understanding
00:43 and that such MOUs must be detailed,
00:45 encompassing commitments to site locations and workforce considerations.
00:50 "Malaysia must strive to be the location of choice
00:52 for both domestic and foreign investors," said Rafida.
00:56 This follows Goodyear's announcement
00:57 that it will shut down its factory in Shah Alam from June 30,
01:00 affecting 550 employees.
01:04 Natasha Bust, FMT News.
01:06 (upbeat music)
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