FMT:
Govt can’t afford to flip-flop on Lynas, says minister
Chang Lih Kang says foreign investors expect consistency and certainty from the government in its policy-making.
Science, technology and innovation minister Chang Lih Kang last week said the government may revoke Lynas’ licence if it fails to comply with conditions prohibiting the production of radioactive waste in Malaysia after July 1.
KUALA LUMPUR: The government cannot afford to change its decision on Lynas after deciding in 2020 to bar the company from importing and processing rare earths after July 1 this year, says a minister.
Science, technology and innovation minister Chang Lih Kang told the Dewan Rakyat that flip-flopping in policy-making was not good for the business community.
“Foreign investors need two things. Firstly, the certainty that the government reaffirmed what it decided on back in 2020, that there will be no new conditions imposed on Lynas,” he said.
“The second thing is consistency in what the government does. It cannot make a decision this year that is different from the one made in 2020.”
Last week, Chang said the government may revoke Lynas’ licence if it fails to comply with conditions prohibiting the production of radioactive waste in Malaysia after July 1.
He said that following the three-year licence extension granted to Lynas, the Australian rare earths mining company must comply with conditions that prohibits it from importing and processing rare earths concentrate after July 1.
MORE TO COME
KUALA LUMPUR: The government cannot afford to change its decision on Lynas after deciding in 2020 to bar the company from importing and processing rare earths after July 1 this year, says a minister.
Science, technology and innovation minister Chang Lih Kang told the Dewan Rakyat that flip-flopping in policy-making was not good for the business community.
“Foreign investors need two things. Firstly, the certainty that the government reaffirmed what it decided on back in 2020, that there will be no new conditions imposed on Lynas,” he said.
“The second thing is consistency in what the government does. It cannot make a decision this year that is different from the one made in 2020.”
Last week, Chang said the government may revoke Lynas’ licence if it fails to comply with conditions prohibiting the production of radioactive waste in Malaysia after July 1.
He said that following the three-year licence extension granted to Lynas, the Australian rare earths mining company must comply with conditions that prohibits it from importing and processing rare earths concentrate after July 1.
MORE TO COME
kt comments:
Atuk Kong is no longer divine thus can't save Lynas anymore, wakakaka
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