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7/01/2009

Najib making very bold moves

After his proposal for closer cooperation with Singapore, Najib is making even bolder policy changes that will test his tenure in the hot seat. His new changes on foreign ownership of private corporations and properties even surprise me. My earlier impression of him was that of a careful and not to ruffle feathers PM. His third bridge has already created a storm. Now the announcement of these changes could raise a typhoon if he does not have the backings of his cabinet. While these are good to attract more foreign investments, the question is whether they are enough? Is there any assurance that the next PM would not remove everything and back to status quo as before? Would the foreign investors feel confident that this will be the new Malaysia for the forseeable future?

6 comments:

Wally Buffet said...

No matter what he does or what this country up North do, I still would not put a 'friggin cent there. Heck, I won't even want their durians or pump their petrol.

Anonymous said...

I think the first step he must do is not to change things too fast because if history is any guide, too much cnanges can confuse rather than attract foreign investors.

As an example, his third bridge idea has already met with stiff opposition at home, so how can foreign investors be sure that he has the clout to carry out what he promises.

I would prefer to wait and see for at least a term of his premiership to guage his capability and capacity to consolidate his position to get things moving.

Lost Citizen

redbean said...

agree, there are many waiting to sabo him if given a chance. now he has to consolidate his power to give himself a chance to see him through to his full term.

Matilah_Singapura said...

Regardless of some of the "scandals" which may be (or may not be) linked to him, Najib seems to be "genuine" about making the people in his country wealthier.

I'll give him a provisional pass...for the moment.

redbean said...

that i agree. he is doing what a development minded PM would do. question is if his cabinet is also development minded. are they ready to set politiking aside and go for economic devt and growth?

Anonymous said...

Hahaha. The man who quarrels with his own shadow is already throwing a spanner into Najibs' works.

You can bet many, many bumiputeras will side with Mahathir on this one.

You can never change the mindset of the Malays.

Lost Citizen