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PETALING JAYA:
Malaysia stands to lose foreign direct investment (FDI) if its Covid-19 response does not improve soon.
Some foreign companies have alluded that they may have to shut operations in Malaysia and move elsewhere out of concern for the safety of expatriates and their families.
In separate letters to federal government leaders, five trade groups representing investors from Germany, Japan, the Netherlands and the United States also stated that foreign businesses are rethinking their decisions to invest in Malaysia, adding that if the situation persists, some of them might think about relocating elsewhere.
American Chamber of Commerce in Malaysia chief executive officer Siobhan Das expressed the view that the government has failed to appreciate that every time a lockdown is imposed, it disrupts the supply chains and causes serious damage to the country as well as its reputation.
IRVINE, Calif., July 12, 2021 (GLOBE NEWSWIRE)
Mobix Labs Inc., a fabless RF (radio frequency) component company focused on next-generation wireless technologies, today announced that it has been selected as a partner member of the Japan External Trade Organization (JETRO), a non-profit organization that helps foreign businesses expand into Japan.
As a qualified partner of JETRO, Mobix Labs will leverage the organization’s community of resources to forge relationships with prospective partners, customers and investors in Japan for its 5G mmWave technology.
“We are extremely excited to be working with JETRO given their long history of successfully helping companies like us grow their reach in the Japanese market,” said Fabian Battagia, CEO of Mobix Labs. “There is enormous opportunity for us to deliver our mmWave beamforming technology in Japan while the country continues to invest heavily in its infrastructure to build out its 5G networks.”