The prime minister said such a situation would only worsen as it would hinder efforts to attract foreign direct investment into the country.
“We invited them (Lynas) to invest in Malaysia, but later found that the company was producing a lot of waste, that’s the problem.
“Therefore, we send specialists to determine whether the waste is harmful or not.
“Experts report it (Lynas waste) is not dangerous, but people opposed to Lynas’ operations are still determined to eliminate the company,” he told reporters after opening the World Tourism Conference (WTC) 20-19 here today.
Also present were Zhu Shanzhong Arts and Culture, his deputy, Muhammad Bakhtiar Wan Chik and Executive Director of the World Tourism Organization.
The government’s decision to, the Prime Minister said.
“It has nothing to do with Japan or my close relationship with Japan,” he said in a report quoting Lynas for a 10-year loan renewal with Japan, prompting the Australian company’s commitment to supply rare earth produce to the rising sun.
Other developments are currently under consideration for the issuance of a second Samurai ‘soft loan’ from Japan, given the lower interest rates.
From simple loans that are deemed to be very useful to Malaysia it can be for a variety of purposes today.
“Japan is ready to give us a simple loan, lower than the previous rate, so we are studying how to use this cheap loan to address the country’s financial problems,” he said.