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Strategies & Market Trends : Asia Forum

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To: Stitch who wrote (3981)	5/29/1998 12:46:00 AM
From: B Tate	Read Replies (3) of 9980

Stitch On another note, received a social call from a friend on Wed. night. This fellow is fairly well connected ( some kind of royalty actually)and from Terengannau (sp?). It is his firm belief that WHEN dr.M goes it will not be Anwar as successor. Apparently Anwar has really pissed of the Sultan of Brunei to the point that there have been several discussions within UMNO about Anwar's future. The Sultan has another favorite in a past Minister of Foreign affairs or something or other. Don't remember the fellow's name but apparently was the heir apparent some time ago, fell out of favor with the good Dr. and is now re-emerging as a power broker within UMNO. With the Sultan's blessings. He is apparently very intelligent, soft spoken, well regarded by all and is not a western antagonist. His experience in Foreign affairs will give him credence outside Malaysia as well. The Sultan carries a lot of weight, as you know, due to his financial involvement with several of the big conglomerates. His real estate holdings in KL alone are astronomical by any standards. As he is a relatively young man - mid forties I believe - is does not show the patience of the older generation. He really does not see the dwindling billions as a funny subject. Pun intended. The other fly in the ointment as far as Anwar is concerned is his conservative views on religion. It is felt that a more moderate leader will be necessary, since the economic situation will likely raise the racist issues to a more serious level. A calm non-sectarion approach would be welcome to most of big business here. Apparently they(local business leaders) understand that turmoil will cause everyone to loose money. Dr M's comments aside (previous post), capitalism is alive and well in KL and will be the driving factor. Regards bt

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