I don't think I agree with P.M's statement
that we have to tell the story about Malaysia to the
world.Frankly the world already knows and the picture
they see is not an attractive one.In this day of
globalisation and information technology the click of
the mouse will simply tell everyone from Timbucktu to
Alaska what is happening in Malaysia.Our corrupt civil
service, our lack of transparency in awarding govt
contracts, the govt bailing out of badly managed
companies using Govt-linked companies funds,our
corrupt politicians,our poorly managed finance
ministry manned by an incapable 2nd Finance minister
and a Bank Governor who does not even know the meaning
of misalignment.To be honest, the list of bad
corporate governance of our public listed companies
have led foreign investors to shun our equity
market.By just looking at our stock market index of
800 plus tells a simple story that investors are not
interested in our market that lacks transparency.
In short the world knows about our poorly
managed economy and all the nuts and bolts of our govt
apparatus.There is simply nothing to tell the world
what they already know.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment