10.9.08

The political turmoil of Malaysia

Is costing us the investors' confidence and pulling our economy down. But nobody notices because all the politicians are too busy with their petty petty fights and quarrels and power struggles.

But the outsiders, the investors, the foreigners are watching. They are listening. Those considering our MM2H scheme will probably drop it and go for another tropical country. In the words of one of them:

"Better we don't come here,"

Yep. Those considering choosing Malaysia as a second home are dropping their plans. The risk of being treated like mere sampah is good enough to drive them away.

And what about investors? Similarly, they look at the political situation like this:

"They are fighting for the government. Who knows if it won't end in political clashes and violence like in Thailand? Better I don't invest here or else my money will all go down the drain. China is a better bet,"

Yep, that is also from a foreign investor I know. These may be mere individuals but do remember, all businessmen think alike. They choose a stable place to invest in. Nobody throw their money into a place full of turmoil where their business and operations may be affected. It is what we call business sense.

What is driving the bearish sentiment of our local economy is the current uncertainty of the future of Malaysia. Malaysians simply are losing hope that this country will recover from its continuous slide. Then again, we cannot blame them from losing hope when many of us are actually losing sleep over our own job security amid soaring cost of living. Inflation last quarter has shot up to 8.6% which is the highest in 26 years.

- Malaysiakini
I hereby rest my case. The politicians in our country must wake up and stop all this bickering or soon, all of us will suffer the consequences of their actions.

1 comment:

Anonymous said...

After I read on Malaysia-Today how the Goverment is treating Raja Petra it would seem Malaysia is slipping back into 3rd World status. Not good news!. R.