Indos
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Just like I said, so many Investors r fleeing CN to avoid trade war, even CN parts suppliers also flee CN to VN. That's why we r happy to see another ASEAN countries also can attract te investment withdrawing from CN.
But we only see investors come to VN,Thai,Malaysia bcs VN is similar to CN but no trade war while Thai,Malaysia can pay cheap compensation money when they wanna fire migrant workers. Factories like Luxshare, Pegatron, CN part suppliers still don't come to ID. Severance pay could be a main obstacle, but I think your so called "Democracy" Capitalist system the main problem just like Karl Marx said.
Malaysian needs to increase their minimum wage since they only pay around 300 USD per month which is ridiculous compared to their GDP percapita which has been 11.400 USD. Indonesia which has much smaller GDP per-capita at 4.200 USD can afford to have minimum wage of 340 USD per month in Karawang, West Java.
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Malaysia's Top Glove saw profits soar, and its stock price jump as much as 400 percent this year as countries worldwide rushed to buy protective gear as the pandemic intensified. But in interviews with AFP, the South Asian migrants working flat out to make the gloves - who typically earn around $300 a month - described appalling living conditions, in cramped dormitories where up to 25 people sleep in bunk beds in a single room.
'Profits over people': Virus overruns Malaysian glove factories
Malaysia's Top Glove saw profits soar, and its stock price jump as much as 400 percent this year as countries worldwide rushed to buy protective gear as the pandemic intensified.
www.thejakartapost.com
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US has already ban several Malaysian companies due to very low wage.
US bans second Malaysian palm oil giant over forced labor
The U.S. said it will ban all shipments of palm oil from one of the world’s biggest producers after finding indicators of forced labor and other abuses on plantations that feed into the supply chains of some of America’s most famous food and cosmetic companies.
apnews.com
US Sanctions World's Top Surgical Glove Maker
The US has banned the import of surgical gloves from two subsidiaries of Malaysia's Top Glove over forced labour concerns.
theaseanpost.com
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