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Global supply chains moving away from China is an opportunity for Southeast Asia, said one Malaysian minister. Southeast Asia countries could take the chance to attract manufacturing investments, he said. Liew Chin Tong, the deputy minister of investment, trade, and industry in Malaysia, thinks supply chains moving to other parts of Asia isn't exactly a bad thing. Liew's comments came amid intense global discussions on the future of supply chains following disruptions during the COVID-19 pandemic. Manufacturers are now allowing processes to have some breathing room in what's known as the "just-in-case" supply chain model because "they want resiliency" in the supply chains, Long added.
Persons: Liew Chin Tong, Liew, Liew's, Steven Long, Long, Donald Trump, Biden Organizations: Service, Milken Institute, Asia, Intel, Manufacturers, China Locations: China, Southeast Asia, Malaysian, Wall, Silicon, Malaysia, Asia, Milken Institute Asia, Singapore, Asia Pacific, Japan, Washington, Beijing
Customers of a restaurant watch the announcement made by Malaysian Prime Minister Ismail Sabri Yaakob dissolving the parliament and calling for general elections at Kuala Lumpur, Malaysia, October 10, 2022. "The people's mandate is a powerful antidote for the country to manifest political stability and create a strong, stable and respected government after the general election," Ismail said. UMNO is trying to win back its dominant position by pressing for early elections, having recently won state level elections. CORRUPTION FIGHTWith the dissolution of the parliament, Ismail, who came to power in August 2021, becomes the shortest serving prime minister in Malaysian history. He was named as UMNO's prime minister candidate in April, though it was unclear if he still had that support.
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