POLITICAL RISKS

Posted by Unknown On Sunday, January 31, 2010 7 comments
It has been such a lovely Sunday and I am catching up on my reading. I just came across a very interesting article published about a month ago by Reuters HERE (compiled by Andrew Marshall and Kuala Lumpur bureau) about five political risks to watch in Malaysia.

Risk # 1 POLITICAL CONFLICT

Key issues to watch:
a) Anwar's Sodomy trial
b) Leadership struggle in MCA

Risk # 2 ECONOMIC REFORM

Whilst the government has promised further economic reform to attract increased foreign investment, the PM has rolled back elements of a four-decades old Malay affirmative policy, relaxing the rule that companies must offer stakes to indigenous ethnic Malays.

The Reuters report said: "Despite the moves, Najib is wary of upsetting the Malays, a critical vote bank, and treads carefully on economic reform. This may cause him to dilute or abandon his plans as he attempts to remain in power."

Key issues to watch:

Government policy implementation and announcements. Reuters argued that a further set of liberalisation has been trailed by the government, although while investors have greeted positively measures so far, little money has flowed into Malaysia's markets as they are wary over implementation.

Risk # 3 RACE AND RELIGION

Key issues to watch: If the government tries to woo Muslim voters with more conservative policies based on Islam, investors may be spooked.

Risk # 4 CORRUPTION

Reuters reported HERE:

Malaysia used to be regarded as one of the region's more reliable countries but worsening corruption and a perceived lack of judicial independence have damaged investment. UMNO's policy of handing out government contracts to what critics say
are cronies under a long-entrenched system of patronage within the party has hit Malaysia's competitiveness.

Key issues to watch:

How Najib handles the dilemma of bolstering his core support bloc while also cracking down on corruption. Investors are watching to see whether promised reform materialises.

Indicators gauging corruption in Malaysia. Transparency International's 2009 Corruption Perceptions Index, released last month, saw a significant deterioration in Malaysia's ranking to 56th out of 180 countries from 47th the previous year.

RISK # 5 SECURITY

Two issues were reported:
a) The insurgency in southern Thailand has implications for Malaysia, particularly if it starts to draw more attention and sympathy from Malaysians for the ethnic Malay fighters across
the border.
b)A less likely danger is that al Qaeda-linked groups managed to establish a foothold in the area.

Click HERE for more.
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Next post should be up in one or two hours. I am still researching the topic. In the mean time, do leave a comment if you wish to share your views. Thanks! Have a lovely day.

7 comments to POLITICAL RISKS

  1. says:

    Crankster Good stuff. I'll keep my eyes open.

  1. says:

    Unknown Hi dear Crankster

    Lovely to hear from you again. Take care and have a blessed week!

    Shalom

  1. says:

    A Arthur The 5 political risks to watch in Malaysia are very real. Malaysia has been in the international limelight for all the wrong reasons and a number of these incidents arose from the bungled handling by the PM himself and his various ministries. Many of these are small issues (or non-issues in the first place) but have been escalated to such magnitude that they have taken a Svengali-like life of their own, feeding on its own frenzy by certain polarized sections of the rakyat with their usual herd mentality advocators and followers. This will further spawn and spill over to other areas and become another nation’s nightmare for the rakyat.

    Two clear examples are the Cow Head Protest and the issue of the one God. Even the bumiputras themselves are divided on these issues.

    Najib may have helmed in several top corporate heads to advise on matters of governance and to build the economy, social and racial harmony of the country. But this is not enough if he does not have a think-tank of local, regional and international specialists, who without fear or favor, advice him on the best course of action to take. Perhaps this crop of specialists and PR consultants did advice him and he is listening but so far as PM his actions indicated otherwise, that he is not hearing anything at all.

    Perhaps I can offer a few suggestions here:

    The First Lady is making a lot of headlines in MSM by getting involved in many charity shows, showcasing the Palestine clauses, found some rich Arab jewelry wallet and honestly returning them, holding some poor and handicapped persons for a photo shoot, playing badminton and was always on the winning side, saying some long old archaic words of wisdoms that is out-dated and telling Malaysian women to be supportive of their husbands or whatnots and so on and so forth.

    All these PR exercises to project her as the ‘Mother’ of Malaysia, as one who cares, as one who loves God, Country and People, as one who put national interest above her own and as the First Lady of Malaysia are all futile and eye wash. With the amount of baggages she carries to her husband’s office the best thing for her is to lie low, to stay behind the shadow of our PM, to be an invisible extension of him and not to grandstand on him. She must not appear to be engaged in any way in the administration of the country. She can follow the PM on his overseas official trips but she must be seen and not be heard at all. She must smile and not laugh out loud like a witch, she must be demure, speak softly and she must always defer to her husband.

    This logic is still not being appreciated by her PR people. Whenever she appeared in MSM, the news will be highlighted in blogs, web sites, Malaysia Today, Malaysiakini and other local journals. Mtoday published her exploits not because there are worthy news but to create a space so that commentators can bash her blue. And most of them have a field day as it gives them ammunition to criticize her, to whack her unceremoniously and to deface her pictures.

  1. says:

    A Arthur Our PM should be mindful of deciding on which places to go forth and get in touch with the rakyat to preen his feathers, to shake a few hands, to listen with serious countenance (just for photo ops) to a few planted agents who wanted a 5 second fame to TVs and blogs.

    Going to Petaling St (the Chinatown of KL) previously was plain stupid. It is no more a Chinatown. More than 70% are low level hard labor foreigners and Petaling St is a place filled with illegal software, private CDs and DVDs, faked and imitation Brand name bags and fashion. This place is the epitome of all inimical practices of propriety business, intellectual property rights and illegal bad business ethics. Definitely, his PR people have goofed to arrange for the PM to visit PS just to get touch with the Chinese people of the St.

    The Ministry of Information Communication and Culture is an enigma. Why does our PM placed the Information Communication ministry together with Culture as the functions of these two ministries are worlds apart. And the ministry is helmed by an educated PhD, who has seen better days when he was younger then and now he has well past his shelf life. Just look at all the blunders he made over the past 10 months and even a 16 year old kid would die laughing.

    Our PM’s cousin is another big disappointment. Always flip-flopping and swinging like a pendulum he often lamented that the press misquoted him when his stand on an issue collapsed in the face of public pressure and displeasure. The Home Ministry needs a very high caliber person to maintain law and order (or maybe disorder) and our previous Malay warrior who blandished his keris and said that it is a Malay culture sure does not fit the bill.

    And why should the PM still hold onto the post of Finance Ministry. He has enough on his plate and shouldn’t he let go of this portfolio to some trained bankers or economists to handle.Ultimately they still report to him.

    There are still many more shortcomings of the current administration. Let us pray that our PM will have a clear head as what he wanted for our country and walk the talk.

  1. says:

    Unknown Dear Arthur

    A big WOW to your comments for this post. You are certainly in your element tonight and I am awed by the depth and breadth of your comments! Thanks so much for blasting these straight from your head and your heart. Take care and have a good rest!
    Warmest wishes

  1. says:

    semuanya OK kot This is generally for the consumption of the the Great White Investor - the same who thinks Africa is a country and Asian all look alike - who has just about wrecked the world economy and now wants to squeeze a profit out of climate change. Our own humble concerns (without the sickening details) include fascism and democracy, rule of law and reliable justice, public safety and lawlessness, the flood of immigrants, quality of education, job opportunities, threats to health including food, health services, stability of jobs and investments, business climate, cost of living and taxes in all disguises, wastage and misappropriation of public wealth, and sustainable environment.

  1. says:

    Unknown Dear Semuanya OK kot

    Wow! You packaged everything in a nutshell! Well done!!

    Thanks for the knock to reality :-). Take care and have a good week.

    Cheers

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