Do your research before joining boycotts, economist tells Malaysians

Malaysians should conduct thorough research before engaging in boycott campaigns, according to economist Ahmed Razman Abdul Latiff. Instead of basing decisions on headlines or social media claims, Latiff emphasized the importance of fact-checking and considering the broader implications. Latiff cited the cases of McDonald’s and BlackRock's involvement in Malaysia Airports Holdings Bhd (MAHB) as examples where Malaysians should examine the facts and assess the potential consequences before supporting a boycott.

BlackRock, an investor in Bursa Malaysia, holds stakes in numerous companies, including the Employees' Provident Fund (EPF). Latiff questioned whether Malaysians were advocating for a boycott of all companies, highlighting the need for thorough research. The economist pointed out that none of the companies operating in Malaysia were directly involved in the global injustices reported following Israel's military action in Gaza.

However, he acknowledged the sensitivity of the issue, particularly concerning the impact of boycotts on local workers.

Latiff emphasized that efforts should be directed towards combating injustice rather than relying on boycott campaigns, which often fade after a few months. Adnan Lee, managing director of MBG Fruits, echoed the sentiment, urging Malaysians to consider the wider impact of boycotts. He stressed that companies also employ individuals who depend on those jobs to support their families, making it inappropriate to isolate certain issues based on trends.