Sabah Chief Minister Musa Aman has turned the fortunes of the state around since he came to power in 2003. He has come down hard on corruption, has improved infrastructure and infused new life into a creaking state machinery. Sabah achieved sound financial management 11 years in a row with clean bill certification awarded by [...]
Posts Tagged ‘Economy’
Debt Danger For Malaysia
Posted: October 18, 2011 in corruption, Financial Crisis, indonesia, Malaysia, Malaysian Economics, Najib Tun RazakTags: Economy, Malaysia
Consider the issue that now captures financial market attention: public debt. The experience in Greece, Spain, Portugal and elsewhere suggests that finance capital is increasingly “intolerant” of what is perceived as excessive public debt. Governments seem increasingly incapable of meeting their debt service commitments. Sovereign default threatens investor solvency. We see this now triggering protest [...]
Anwar Ibrahim: Global Economic Crisis & Future Of ASEAN
Posted: March 31, 2009 in Anwar Ibrahim, ASEAN, bailout, Bank Negara, Chulalongkorn University, Financial Crisis, Malaysia, Malaysia Foreign Reserve, ThailandTags: Anwar Ibrahim, Economy
THE GLOBAL ECONOMIC CRISIS AND THE FUTURE OF ASEAN (Keynote Address by Anwar Ibrahim at Chulalongkorn University, March 30th 2009) When I first uttered the unutterable in Hong Kong sometime late last year that Hayek is history I was then bombarded with accusations of having turned my back on Adam Smith. Not too long later [...]
Malaysia’s Foreign Reserves Down By US$34 Billion
Posted: February 24, 2009 in Bank Negara, Malaysia, Malaysia Foreign Reserve, Malaysia Today, Malaysian Economics, Malaysian PoliticsTags: Economy
According to Bank Negara, over the last eight months, Malaysia’s foreign reserves has plunged by US$34 billion. It has dropped from a high of RM125.8 billion on 30 June 2008 to US$91.6 billion as at 13 February 2009. What is happening here? It is difficult to understand how claims are made that our country is [...]
