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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Worswick who wrote (4819)	6/25/1998 10:13:00 AM
From: Bill Ounce	Respond to of 9980

Straits Times -- Malaysia should not blame others for its problems From: danp@cyberspace.org (Dan) Newsgroups: soc.culture.singapore,soc.culture.malaysia,soc.culture.usa Subject: Those f*cking brainless Malays are blaming Singapore again! Date: 25 Jun 1998 07:43:58 GMT [...] Straits Times JUN 24 1998 Malaysia should not blame others for its problems THERE is something very wrong with Malaysia. When things do not work out well, its people and government blame everyone but themselves for their misfortune. Umno Youth has done it again. It accuses Singapore of not doing much to help Malaysia recover from the current economic turmoil. Singapore has "exacerbated" Malaysia's economic woes ("S'pore did not help much: Umno Youth", The Sunday Times, June 21). The remarks made by Johor Umno Youth leader Hasni Haji Ahmad are not only facetious, but also show up his appalling lack of knowledge of the factors affecting market forces of demand and supply which determine interest rates on foreign currency deposits in Singapore. Singapore is a free market economy. Sectors like finance and banking are left to market forces. The Government will step in only when it is anticipated that a "hands-off" approach would have consequences detrimental to the Singapore economy. It is in the interest of every country to protect its own economy and to do things that are vital to its survival and continued prosperity. Every country will act in such a way before even considering the impact its actions could have on others. Malaysia cannot blame others for its problems. It cannot make Singapore a scapegoat every time something goes awry for it. In any case, it was never Singapore's intention to act in a manner that would weaken Malaysia's economy. As players in the global market, our fates are much too intertwined. So before Umno Youth starts ranting the next time, it serves the group wellto remember this: do not ask what others can do for you, ask what you can do for yourself. YEO MONG HENG

To: Worswick who wrote (4819)	6/25/1998 10:16:00 AM
From: Bill Ounce	Read Replies (1) \| Respond to of 9980

Mahathir ready to stand down From: Theotherhalf <mobile@tm.net.my> Newsgroups: soc.culture.malaysia Subject: Mahathir ready to stand down Date: Thu, 25 Jun 1998 20:43:49 +0000 HONGKONG -- Malaysian Prime Minister Mahathir Mohamad has said in an interview that he is ready to stand down if he is the cause of "a lot of distress" to people. He said this in an interview with the latest Far Eastern Economic Review, a weekly news magazine, due to be released today. "I don't think the world needs to sacrifice millions of jobs just to flush me out, because I will go if I cause a lot of distress to so many people," he said. In the interview, Dr Mahathir also said that he had learnt a lesson from the fall of Indonesia's President Suharto. "What I have learnt is that it is possible for foreign people to influence people in the country, agitate them and cause them to overthrow the government," he was quoted as saying. -- AFP...