If Malaysia does as Thailand, I could be driving a Ferrari by now!!
Excerpt
GM’s investment in Thailand once again shows how irrelevant Malaysia is becoming as a place for carmaker to make major investments.
As mentioned earlier, GM’s is moving to the next phase in its ASEAN operations, 10 years after it started. Other manufacturers would be doing likewise and if the Malaysian government had any understanding of how the industry works, it would have been seriously looking at – and announcing - better and fairer policies a few years back. Billion ringgit investments are not approved overnight and are the subject of years of planning but it seems that the government assumes that they can announce a change in policy and carmakers will start building factories the following year (assuming the policy is an investor-friendly one). It doesn’t work like that and now that 10 years have passed since the original investments were made, the next wave of investments are already coming – and it could be that Malaysia has again missed the boat.
Source
GM’s investment in Thailand once again shows how irrelevant Malaysia is becoming as a place for carmaker to make major investments.
As mentioned earlier, GM’s is moving to the next phase in its ASEAN operations, 10 years after it started. Other manufacturers would be doing likewise and if the Malaysian government had any understanding of how the industry works, it would have been seriously looking at – and announcing - better and fairer policies a few years back. Billion ringgit investments are not approved overnight and are the subject of years of planning but it seems that the government assumes that they can announce a change in policy and carmakers will start building factories the following year (assuming the policy is an investor-friendly one). It doesn’t work like that and now that 10 years have passed since the original investments were made, the next wave of investments are already coming – and it could be that Malaysia has again missed the boat.
Source
ps: hint for me?
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