Policy changes will scare away investors

I HAVE been monitoring the recent economic uncertainty, confident that the dust would settle and all would be well eventually. However, the imposition of windfall tax on the palm oil and power sector came as another fatal blow to the economy.

While the tax is meant to penalise companies for their efficiency and success, what the policy makers failed to predict was the upheaval among listed companies, many of whom have lost out hugely on their market capitalisation.