News Snapshot:
KUALA LUMPUR - A United Nations report has confirmed what has so far been reported anecdotally. Foreign investors are fleeing Malaysia amid the country's increasingly unstable politics, which climaxed last month with Prime Minister Muhyiddin Yassin resorting to emergency powers as his government lost its majority in Parliament, the first government to do so in Malaysia's history. Last week, the United Nations Conference on Trade and Development (Unctad) said that foreign direct investment (FDI) into Malaysia plunged by more than two-thirds to just US$2.5 billion (S$3.34 billion) in 2020, the worst drop in the region amid the Covid-19 pandemic. The...
