This is a bit old but I was pleased to read it:\\The Malaysia...

This is a bit old but I was pleased to read it:\\

The Malaysia Australia Business Council (MABC) represents the interests of Australian businesses in Malaysia with a mission to promote greater trade and investment ties between Malaysia and Australia. Australian businesses have invested almost RM30 billion in Malaysia as at the end of 2017 across a range of productive economic sectors—including manufacturing, services, agribusiness, resources and the digital economy. This investment has created thousands of jobs for Malaysians and helped boost Malaysia’s economic development, intellectual property and skills base.

The MABC is concerned about recent press reports about a review of the operations of Lynas Malaysia which has been producing high quality rare earth materials in Kuantan under extensive licencing conditions since September 2014. While the government’s right to conduct a review of the operations is not questioned it is important that such a review should be to assess any breaches of its license or for not meeting acceptable international standards. The credibility of the review which includes the composition of the review team and the terms of reference is critical to ensure that it does not damage Malaysia’s reputation as a stable and open investment destination.

In the interests of maintaining investor confidence any review into Lynas Malaysia should be public, transparent, objective and evidence-based. The company should be provided with the opportunity to defend publicly its regulatory and environmental record since it commenced operations in 2012.

Malaysia has long been regarded as an attractive investment destination. This is because of the reliable legal framework; predictable economic, political and policy environment; and demonstrated openness to investment from the government and Malaysian business community. </p>
<p>The MABC looks forward to continuing our close and cooperative relationship with the Malaysian government in supporting the strong trade and investment relationship we enjoy between our two countries.

For further information, please contact: </p>

Linda Tey </p>

Executive Director, MABC </p>
<p>+603-7960 9490/ +6019-324-8855 </p></font></b>