News & Events

[ 13-06-2013 ]
Boycott will be self-defeating

PETALING JAYA: Boycotting products made by Malaysians, regardless of their race, is self-defeating, said a local business group.

Small and Medium Industries Association president Teh Kee Sin said the workforce of these companies are made up of all races and so are their shareholders.

If Malaysians started boycotting these products, it would also affect their export potential and both local businesses and consumers would lose, he said.

“Boycott doesn’t make sense as it would hamper the chances for Malaysian businesses to compete at a global level.

“The current business market is very competitive thus local businesses should complement each other to make our products more competitive,” he said when contacted yesterday.

Teh was commenting on calls by certain non-governmental organisations for the Malays to boycott Chinese traders and their products.

Prior to that there was a campaign in social media forum urging the Chinese to boycott certain products produced by a Malay company.

Teh said that the biggest losers as a result of such boycott were not just the consumers and the producers, but also the workers of the companies due to the spill-over effect.

The chain reaction from such boycott would also affect the suppliers, distributers, traders and shopkeepers.

Teh explained local businesses should instead prepare themselves for the Asean Economic Community initiative.

“The initiative presents a lot of opportunities provided we are ready.

“If we are not ready and squabble among ourselves, then we stand to lose,” he said.

He said one of the benefits of the AEC was less red-tape in starting businesses overseas.

“For example, one can set up a company in Malaysia and run a business in Thailand.

“In short less bureaucratic procedures in doing business,” he said adding that the competitiveness level would surely increase.

Teh urged groups calling for boycotts to cease immediately as it would only lead to huge losses for the nation.

“We should focus on working together rather than against each other,” he said.