Saturday, May 05, 2007

something wrong in our economy?

The New UMNO still fears its former deputy president Anwar Ibrahim. Every statement by the current leaders trying to play down the effect on Anwar. "Door is closed for Anwar return to UMNO" Currently Anwar has no desire to join this band wagon. He has enough of these leaders antics. Everything is ok.....these leaders never check underneath the carpet. And the business communities have other ideas. The current buzz is Ananda taking private Maxis from the main board. Robert Kuok transferred his domicile of his businesses to Singapore under his nephew. The market talk is something isnt right in the country's economy. The 1st and 2nd richest men in the country did it this way...it sound something the ordinary folks arent aware of. Of course those who bought shares in Maxis is already counting the windfall at the cost of the country's economy in long term. The government under BN always say it is the country strong fundamentals which will hold the balance of influence in the country. But the businesses are closing down citing lack of business opportunities. Secondhand car dealers are the worst hit now. Many have closed. In my area one had closed shop after opening for a few months. Nissan show room all cars disappeared..but the new show room was done last year. I havent confirmed whether it has relocated again. The shadow of Anwar will be relevant in Malaysian politics for this coming general election.

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