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Strategies & Market Trends : Asia Forum

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To: B Tate who wrote (2345)	2/24/1998 10:53:00 AM
From: Stitch	Read Replies (1) of 9980

Bernie; The announcement concerning the Bumi laws is welcome indeed,. It is a most inequitable law though I have heard sound arguments that it served a purpose. <<The stated reason for this change in policy is, to further the perception that Malaysia is moving more toward a open financial system and it will provide foreign investors with more confidence in the Malaysian economy.>> I think the real reason is that Malaysia realizes they can't go it alone and must attract foreign investment again. Then they woke up and realized that their own local Chinese sits on vast fortunes hat could be attracted into the market as well. They need their money Bernie. Very interesting story about watching a "play" and also scary as hell. Best, Stitch

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