KUALA LUMPUR: Five manufacturing companies involving foreign investors closed down during the May-September period, involving investments worth RM308.7mil, said Deputy Trade and Industry Minister Ong Kian Ming.
Subsequently, 362 local workers were also laid off following the closures which were due to business decisions and not because of the transition in the government, he said.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
