BloggingStocks

Malaysia boycott of Starbucks, Coke urged, warned against

Posted Aug 16th 2006 6:07PM by Michael Canfield
Filed under: International markets, Starbucks (SBUX), Coca-Cola (KO)

starbucksPolitical and religous groups recently requested a boycott of two high-profile US companies, Starbucks (SBUX) and Coca Cola (KO), in predominately Muslim Malaysia. The boycott seeks to protest "US failure to prevent Israel's military actions" against Hezbollah in Gaza and southern Lebanon. Organizer Jamarulkhan Kadir is quoted in the Agence France-Presse news service story saying that a similar boycott three years ago protesting the US invasion of Iraq made a "dent' in sales. Last time I checked, the US is still in Iraq.

In any case, Norman Fernandez writing to www.malaysiakini.com, urges Malaysians to strongly consider the national impact before participating in such a boycott. The US is Malaysia's largest trade partner and Fernandez sites that that trade relationship is valued at $44 billion a year (2005).

Michael Canfield is a private investor, a business and media writer, living in Seattle. He doesn't own stock in Starbucks.

Tags: boycott, malaysia, pepsi, sbux, starbucks

Reader Comments (Page 1 of 1)

All contents copyright © 2003-2008, Weblogs, Inc. All rights reserved

BloggingStocks is a member of the Weblogs, Inc. Network. Privacy Policy, Terms of Service, Notify AOL