Living the sins of the past
Muhyiddin Yassin, the Malaysian Trade and Industry Minister was in town yesterday to promote more trade and investment in Malaysia. He promised that politics would not get involved in economics and everything that needed to be done to create a favourable business environment would be done. He appeared very sincere and earnest in what he was saying. Would the Singapore business community bites? After so many years of abuses and politicising of economics and the judiciary system to adversely affect Singaporeans and Singaporean investors in Malaysia, after losing so much money over ridiculous changing of rules and uneven playing fields, would anyone dare to invest in Malaysia again? The precedents set by the former govt and his reckless style of managing politics and economics are still reflected in the style of many Malaysian leaders. And anyone of them can be another Mahathir or even worst. Can there be any protection or guarantee that things will be normal and our investment be protected by the rule of law and the law enforcement officers? The sins of the past is catching up with Malaysia and it is a tricky business to cleanse itself from its devious past.