Monday, February 1, 2010

Malaysian Economy Heading South

While we keep reading how rosie is the economy and its recovery progress on mainstream media, men with brains and intelligence understand the concerted effort of government to paint the picture to salvage public's confidence. Accuracy on much of the data published is not guaranteed from touch-up and massaging.

Without a doubt, we witnessed significant amount of foreign investments been withdrew starting year 2008. Sadly, the same is happening to Malaysians (including those from business and political arena) where many have been liquidating and moving the cash flow overseas. Many of the tycoons investing overseas in the name of diversifying and expansion, but the real plan is just that.

Malaysian economy is not recovering any sooner. Information and data presented in media showed "improvement" but no concrete evidence of hard cash flowing into the market.

Worst of all, recent events clearly demonstrate how incompetent the government in handling the cases revolving the peasants' daily lives.

Following excerpt taken from news article What’s at stake in trial of Malaysia’s Anwar?

Scared by the global financial crisis and uncertain politics after the 2008 election, foreign investors withdrew US$35 billion (RM119 billon) between Q2 2008 and Q2 2009.

Foreign ownership of Malaysia’s stock market stood at 20.8 per cent at the end of 2009, according to data from Bursa Malaysia, less than the 21 per cent in March before Najib took over the failing leadership of the National Front coalition.

Read more here What’s at stake in trial of Malaysia’s Anwar?

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