Our ratings are down, and our once stellar reputation is steadily going down the drain.
From The Malaysian Insider:
KUALA LUMPUR, Feb 10 — Events since New Year’s Day have given the Hong Kong-based Political and Economic Risk Consultancy (PERC) the impression that the situation in Malaysia is becoming increasingly unstable.
In a blistering report on Malaysia released at the end of January, PERC also asserted that a group of elite minorities were dominating the national agenda to the extent that it was hurting Malaysia’s attractiveness to investors.
The consultancy, which also publishes reports on the risk ratings of other Asian countries, said it is “probable” that no other Asian country is suffering from as much bad press as Malaysia.
You'd think the government would know when to slink away quietly and lick its wounds in silence.
But no.
They issue a feeble response (albeit with plenty of posturing) that only serves to reiterate what PERC claims, what investors have long suspected and what we, unfortunately, already know.
On my drive back home from work yesterday, the newsreader almost sounded apologetic as she announced the government claims that someone out there has a "hidden agenda", which according to Muhyiddin Yassin is the reason behind this report.
"I think they must be talking through their nose," he said.
Yes, someone is talking through their nose indeed, but it certainly isn't PERC.
13 comments:
truth hurts like hell!
I love your Blog is good but why my blog
I'm so fedup why the gamen not shame about this. Is also they lost money if no contract or investment.
pinsysu - it does, and obviously some people can't deal with it.
Antares - you have a good point. Assholes have no noses. The smell might be overwhelming.
Tabloid - why your blog what ah?
Anon - I'm fed-up too. I hope we get to sock it to them during the next elections.
That the same guy who said how his party's candidate for the Permatang Pasir poll was ok?
Walla - yes, I believe it was the same guy...
Yo Crank,
Go read what PERC have to say way back on 12th March 2008 for some perspective to their recent update:
http://www.asiarisk.com/library3.pdf
The DPM is being absolutely foolish in his response. Or perhaps, the PM made him do it coz NTR is still consulting with APCO on damage control strategies.
That's a good link, Shar. Thanks for sharing.
..in case you're bored o'er the next coupla days...
http://is.gd/82Vq2
http://is.gd/82Vy9
I did a satirical piece on noses hehe...Check it out if you have time, dearie.
I have tagged you in a meme in my blog over HERE. Check it out!! Thanks and Happy Valentine's Day!
Loss of foreign investment, confidence and brain drain does more harm in the long run, don't these people ever *get* that?
Hi Walla - thanks for the downloads, it's about the same as Shar's link too.
MWS - thanks for the heads-up!
Ee Leen, I think the ruling coalition only cares about NOW - whatever happens in the future is not their problem as long as they have plundered as much as they can for themselves.
Anon - probably. :-)
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