Controversial Malaysia airport privatisation deal stirs debate over economic fallout of Israel boycotts

KUALA LUMPUR - A controversial multibillion-dollar Malaysian airport privatisation deal involving an Israeli-linked company has ignited a debate over the economic fallout of pro-Palestine boycotts and whether they are sustainable in the long run.the deal involving US fund manager BlackRock

GIP and the Abu Dhabi Investment Authority are in a consortium led by Malaysia’s sovereign wealth fund Khazanah Nasional and state pension fund Employees Provident Fund, which on May 15 announced its offer to take MAHB private. Dr Oh Ei Sun from the Singapore Institute of International Affairs told The Straits Times that if Malaysia were to pull out from the deal, it would “paint a rather negative picture of Malaysia’s corporate scene, one of prioritising remote political considerations over legitimate business dealings”.after several companies in Malaysia faced economic consequences as a result.

Revenues fell 48 per cent year on year for the three months ending March 31 to RM138.6 million, compared with RM265.8 million in the same period in 2023. Berjaya Food reported a RM29.8 million loss for the quarter, compared with a profit of RM15.94 million for the same period in 2023.Malaysian govt accused of hypocrisy over presence of Israeli-linked defence firms at exhibitionHousewife Khatijah Saiful, 51, continues to steer clear of McDonald’s, Starbucks and Pizza Hut, among others.

“We are really worried that companies majority-owned by Muslims will collapse. My personal opinion is that the boycott will affect the economy in the long run. You can say that we can switch to local fried chicken, but the repercussions are very big. It affects the chicken producers, the companies that belong to Muslims. The majority share of the companies is held by Muslims.

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