It is being seen as the worse performing market in the world and UBS has stayed off Malaysia for 5 years.
Partly, it was the lackadaisical attitude of the previous SC Chairman, Ranjit Singh whose more keen to be polis or jagah than developing market.
Yet certain budak-budak cina in SC, which are empowered with approval authority, is rampantly taking kickbacks and delaying approvals.
It is not believable to have escaped Ranjit's radar. Nothing racist as source is Chinese and it is quoted verbatim.
Now it seems UBS said in a Bloomberg TV program that the reasons boils down to:
... country is politically unstable; no clear policy due to many reasons, including stupid cabinet members; and no consistency in policy (i.e. flip flop and U-turns).Ministers lack the incentive and resources. The attitude seem to be "Buat apa sibuk nak usaha, kalau boleh jenama semula" .
Russells Index has taken Malaysia out of its index. A blow as bad as Norway's Sovereign Funds pulling out of Malaysia completely.
Ringgit is back in the shit.
Tun Daim tried to create excitement through effort to revive ECRL which is tied to oil palm and he promised economic turnaround within 6 months.
Public is questioning on the not really existed cost saving. It turns out it is only reviving what Dato Najib have been doing including Bandar Malaysia.
Earlier Dato Najib said, the revised ECRL is a security threat because China is involved in the operations. They have 50% interest in the management company operating the ECRL.
Raja Petra just revealed Daim jual negara to China. In the original plan, local will be doing industrial developments along ECRL.
The new plan seemed to be giving away lands by the thousands of acres of industrial lands to China companies.
More such China's Kuantan MKIC industrial park.
A good up and under for a basket by Daim. Its classic basketball move of a fake to move up but instead went from under for a two pointers.
It is also a rugby move by a forward to kick the ball forward to run and try catch it of the bounce for massive yard gains.
During their election campaign, Tun Dr Mahathir and Daim made an issue of the economic cooperation between Malaysia and China including citing cases of a Confession of an Economic Hitman and security threat.
Now that they are in power, it is all and well. It is now OK to be close to China. Najib knew earlier that Malaysia's future growth is reliant on China.
But the Tuns wants their beaks wet. It is not for the millions of Malaysians to benefit and prosper together.
They should remain only as kept-labour-cost-low workers and live hand-to-mouth as human resource or indentured slave.
In fact, the company awarded the Melaka Gateway will be suing the government for RM134 billion for cancelling the approved and signed project.
Their lawyer is Hanif Khatri; PPBM's legal adviser, Mahathir and Khairuddin Abu Hasan's lawyer.and Mahathir appointed PERDA Chairman.
Something telling us that this is all wayang. They will get the contract back but restructure la the company shareholding.
Heard from the conversation among the ruling political parties at a nearby parliamentary constituency, the PPBM people are hungry.
They believe PPBM is a one term party. Whichever come first - Mahathir fade away or come GE15, PPBM will not survive. Make hay while sunshine.
Talk is they are creating the option to return to UMNO. Obviously, they will not fit in with PKR or PAN or defunitely DAP.
So Mahathir, Daim, Muhyiddin and Mukhriz believe they still have many years more and need to close UMNO up.
In the meanwhile, Malaysians never learn and forever a willing accomplice for these robbers to plunder the country and impoverish the people.
Ah well .. asal bukan Najib kan?
Day 5 of the court case: Prosecution can't prove money from SRC used to renovate Najib's not quite as luxurious as the homes of Mahathir or Daim or Mokhzani or Mukhriz.
Day 4 yesterday: Within 30 minutes of the raid on SRC office, the raiding officer could know the section of the law to make the police report. Interesting...
As far as the new CEO of Bursa malaysia from Down Under, will it matter that the market gone down and under?
He is happy to be the Mat Salleh face to deceive public into false sense of confidence as he gets to drive a RM650 000 new Merc collection.
Daim's choice of Bursa CEO.