Ex-prime minister Dr Mahathir Mohamad said Malaysians "will not die if they do not use the US goods" and urged those working for US companies such as fast-food giant McDonalds to quit their jobs.
"I hope Starbucks and McDonald's employees will stop working there," he told a crowd of 500 people who held a noisy protest outside the National Mosque after Friday prayers.
"If you have the US dollar, please change to other currencies, or to our ringgit. When you stop using the US dollar its value will drop," Mahathir added.
"They will become a bankrupt country and will not be able to produce weapons for Israel."
The 82-year-old firebrand was a strident critic of the West during his two decades in power, and has continued to hit out since stepping down in 2003, seizing on the issue of conflict in the Middle East during his retirement.
In 2007, he unveiled plans for an unofficial war crimes tribunal to focus on victims of abuse in Iraq, Lebanon and the Palestinian territories, saying the existing international court at the Hague was biased.
The protesters rallied to condemn Washington over its support for Israel and urge Arab countries to cut off oil supplies to the United States.
Shouting "Long live Islam, long live Palestine, destroy Israel!" they said Malaysians should boycott Coca-Cola, Colgate and Starbucks.
The boycott is spearheaded by the Malaysian Islamic Consumers Association, and the Muslim Restaurant Operators Association which has removed Coca-Cola from the menu at thousands of eateries.
Meanwhile, at least 5,000 people also protested outside the US embassy.
Israel launched its war against Hamas on Dec 27 aiming to end rocket attacks in southern Israel and the smuggling of weapons into Gaza from Egypt.
Palestinian medics say almost 800 people have been killed since then.
Coca-Cola spoke out today against any boycott of its drinks and other US goods, saying it would only hurt the local economy and citizens.
"As everybody else, we are deeply touched by the human side of the situation in the Middle East," Kadri Taib, Coca-Cola Malaysia public affairs and communications director, said in a statement.
"Given the local nature of our business, we believe that calls for boycotts of our products are not the appropriate way to further any causes, as they primarily hurt the local economy, local businesses and local citizens."
It said the beverage company employs some 1,700 Malaysians, 60 percent of whom are Muslims.
Malaysia's economy is largely export driven and the United States is its second-largest trading partner after neighbouring Singapore.
tunku : well if malaysian boycott coca cola, the FN company can still run its operation and business as they do not produce only coca cola.we understand as an employee of coca cola, kadri had to make the statement but that is not the fact.we have to sacrifice or else don't show our sympathy.
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You will provide jobs for those who quit their jobs at US companies?
if mc d business down , maybe marrybrown malaysian own business will gain from it and the employees from mc d can work there.what's the problem.BOYCOTT USA AND ZIONIST.
Yeah
Local alternatives will thrive if boycott continues
coz long-term support for zionist products will see them becoming arrogant and TOO powerful
let's have more local halal products
senang sungguh Mahathir berkata-kata.ya,memang kita patut tak memberi sokongan kepada kerajaan US dan kerajaan Israel yang mengamalkan fahaman zionis.tapi fikirlah tentang rakyat biasa juga diMalaysia.jangan jadikan alasan "we have to sacrifice".rakyat biasa diMalaysia juga sacrifice untuk bekerja demi mencari rezeki.bolehkah Mahathir memberi pekerjaan kepada mereka nanti?.
it's easier said than done.however cadangan untuk tidak menggunakan USD itu memang bagus.
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