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

To: Chuck Bleakney who wrote (5212)	7/16/1998 9:38:00 PM
From: Stitch	Read Replies (3) \| Respond to of 9980

Thread, From a local Malaysian newspaper: Malaysia's Deputy Prime Minister Datuk Seri Anwar Ibrahim is in Washington this week meeting with the IMF and the World Bank to discuss ways to "combat the recession in Malaysia". Recently in another news report the Prime Minister (Mahatir) hinted that the Employees Provident Fund (120B Rm) could be a possible source of funds for fueling a recovery in Malaysia. This of course has people scared to death. IMO many locals are suspicious of the government's poor management of the crisis so far. To see their savings placed at the discretion of that same government, who has a continuing history of favorable treatment of select companies (read cronyism) is simply anathema. I cannot help but wonder if it all isn't a carefully orchestrated "softening" of public opinion towards what may become the latest IMF deal. Best, Stitch