Friday, December 01, 2006

Kerishamuddin & UMNO Memang Femes In Yet Another Foreign Mag, The Economist.

"The keris is here to stay"? Memang femes indeed.

Read the full article here.

Interesting excerpt:

Once an emerging Asian champion, Malaysia is slipping down the league. Its stockmarket is falling behind its rivals (see chart). Last year, foreign direct investment was worth only $4 billion, down from $4.6 billion in 2004. Despite having a big base in Malaysia, Intel is putting its new chipmaking plant in Vietnam. A key test of whether the government can boost investment, says Vince Leusner of the American Malaysian Chamber of Commerce, will be agreement on a free-trade pact it is negotiating with America. Concessions will be needed on such tricky issues as letting foreign firms bid for government contracts. To win greater access to the American market—Malaysia's largest—the prime minister, Abdullah Badawi, must brave the wrath of his UMNO backbenchers.

Fill in the blanks, again: Malaysia B_ _ _ _.

Meanwhile, he is blaming 'certain quarters for exploiting remarks'. Does that include the above?

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