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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: TobagoJack who wrote (57100)12/10/2004 4:08:54 AM
From: Seeker of Truth  Read Replies (2) of 74559
 
Softly does it, I think.
About 35 years ago there was a riot? Mass murder? anyway a fairly large number of innocent Chinese people living in Malaysia were killed by Malays.
The Malays believe they own the place, with 50% of the population(Chinese 33%, Indians 10% and aboriginals the rest). In the ensuing years relations between the Malays and the Chinese have improved. Translated that means the Chinese businesses paid influential Malays big salaries to be do nothing "officials" of the Chinese owned businesses, as a result of which the government succeeded in keeping order and there have been no more mass killings of Chinese. The population is Moslem but the Moslems are divided into the fanatics who are not in power and the more reasonable ones who rule the country. However even their rule has big question marks. A brave and honest Malay minister or was it vice Prime Minister, spoke out against widespread corruption and was rewarded by Mahathir with imprisonment on trumped up charges of homosexuality.
Mahathir retired and his successor has freed the poor guy after 6 years or so of imprisonment.
Bottom line, Chinese prosper in Malaysia, but there is an unpleasant odor. The educational level is rising and the economy is doing well and Malaysia exports oil so probably Malaysia merits investment now, with Mahathir out of the way.
But I wouldn't risk too much there. And BTW, the 2 year plot of the Malaysian ringgit against the CAN $ looks bad. Of course that doesn't forecast anything but it does mean that we should be careful, bridle our enthusiasm somewhat.
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