Malaysian Minister Advises Foreign Investors Not To Believe Claims By Anwar

By Zakaria Abdul Wahab

SINGAPORE, Aug 12 (Bernama) – Foreign businessmen who are contemplating to invest in Malaysia have been advised not to believe claims by Parti Keadilan Rakyat (PKR) adviser Datuk Seri Anwar Ibrahim that he would take over the Malaysian Government in September.

“Don’t believe it,” Malaysia’s International Trade and Industry Minister Tan Sri Muhyiddin Yassin told Singaporean businessmen at a trade dialogue here Tuesday.

He said he did not see the possibility of that happening, more so as Anwar kept moving the date on when he would take over the Barisan Nasional (BN)-controlled federal government, from August to September or October and so on.

Muhyiddin said the biggest question was how Anwar could become the prime minister when none of the BN parliament members whom he claimed would cross over to join him since the last general election on March 8 had not done so.

The dialogue was held in conjunction with a one-day seminar on business opportunities in Malaysia which was jointly organised by the trade agencies of Malaysia and Singapore, and declared open by Muhyiddin.

The minister said the current political situation in Malaysia was created by just Anwar alone, who had been telling stories that he could take over the government by this September.

Muhyiddin, who is also UMNO vice-president, said Malaysian voters had made their choice in the last general election by voting in the BN party to the federal government.


3 responses to “Malaysian Minister Advises Foreign Investors Not To Believe Claims By Anwar

  1. You know what strikes me reading the comments here ? Most people are blinded either by their political afflictions and/or their inability to accept the fact that the price of oil has risen far more in the global market than it Malaysia.

    The expectation of the debate is very simple. DSAI supposed to provide a formula on how the oil can be still subsidised without affecting the economy / Petronas / long term growth. But DSAI failed miserably.

    Firstly he got his calculations all wrong by quoting Rm5 Billion when it should be far more (may be Rm 15 Billion) based on the current oil prices. Secondly the 50 sen he quoted was wrong as this was before the GE and not after the recent price hike. This effectively means that DSAI will increase the price of oil instead of reducing it.

    As for SC, he has to defend why the govt has no choice but to increase the price. I think he did a fantastic job in explaining the economic justification.

    In my opinion, SC just thrashed DSAI.

    However, many people will not accept this as no logical reasons in the world can convince them that the oil subsidy should be reduced.

    BTW, please drop this idiotic comparison with Singapore. They are a rich country and we are a Third World one. Obviously they will be better off than us, not just in the price of oil but also in everything else due to their superior GDP/capita.

    If we are to use this argument, we also can go back and argue about those countries who are poorer than Malaysia. Though some have cheaper petrol, but because they are poorer so they are even more affected right ?

    And the argument about oil exporter is also faulty. If we are not a nett oil exporter, then we would be paying the market price for oil. Don’t compare with Saudi Arabia and Venezuela since our oil revenue (nett) is peanuts compared to them.

    taken from killer comment

  2. Pingback: Investors » Investors jump ship from gold market



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