FMM: Too early to see Trump's impact on businesses

KUALA LUMPUR: It is too early to say how Donald Trump’s victory in the US presidential election could affect businesses here, according to The Federation of Malaysian Manufacturers (FMM) president Tan Sri Saw Choo Boon.
"Trump has said a lot of things on creating new policies but I don't know what he is going to implement," Saw told reporters at a joint press conference with the industry and trade organisations to support institutional reforms in political financing in Malaysia here today.
"He may not be able to do things that he wants to do, but again it is too early to say what's going to happen," he added.
Earlier, Saw said money politics can lead to favoritism and rent seeking activities which would overflow into the business sector, thus creating unfair competition, higher cost of doing business and inefficient use of resources in government contracts disbursement.