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

To: Stitch who wrote (5213)	7/17/1998 4:38:00 AM
From: Michael Sphar	Read Replies (1) \| Respond to of 9980

I think its axiomatic, politicians are drawn to large pools of money. And 120 billion anythings is large, huge, to my way of thinking. Its a wonder this fund hasn't been tapped already. Maybe it has ? And its just not common knowledge already. Read the fine print and expect the worst. My, I must be getting cynical in my old age.

To: Stitch who wrote (5213)	7/17/1998 4:04:00 PM
From: B Tate	Respond to of 9980

Stitch HEY! Some of that EPF money is mine! There goes the savings account. some Mufti will be buying a new Merce or a gold watch for the little lady. ;-((( bt

To: Stitch who wrote (5213)	7/19/1998 8:34:00 PM
From: Dayuhan	Read Replies (1) \| Respond to of 9980

"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." We used to see this sort of thing all the time in the late Marcos years, and I can understand why people are upset about it. I don't know how many unproductive firms the SSS and GSIS (local equivalents) ended up owning in those days, but it's a miracle that they have any money left at all. In fact, if you get right down to it (cynicism, possibly), they probably haven't. "fueling a recovery"... as always, the question is whose recovery? Steve