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China Overtakes U S as World s Leading Destination for Foreign Direct Investment — 2nd Update
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China Overtakes U S as World s Leading Destination for Foreign Direct Investment
morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.
China Overtakes U S as World s Leading Destination for Foreign Direct Investment — Update
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Tuesday, 19 Jan 2021 10:23 AM MYT
BY IDA LIM
Honda and Toyota reportedly temporarily shut down their plants in Malaysia on January 13 and January 14 respectively. ― Reuters pic
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KUALA LUMPUR, Jan 19 Japanese automotive giants Toyota Motor Corp and Honda Motor Company Ltd yesterday resumed operations at their assembly plants in Malaysia, after the federal government again updated its list of essential businesses allowed to operate during the movement control order (MCO) reintroduced this year.
Tokyo-based
Nikkei Asia reported that both companies have started their plants in Malaysia again yesterday, noting that the federal government “changed its mind” after lobbying from the automotive industry and the Japan External Trade Organisation to allow resumption of their operations.