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


To: Stitch who wrote (6105)9/2/1998 8:56:00 AM
From: Bosco  Respond to of 9980
 
G'day all - dear Stitch, yikes, hope things turn out ok. Freezing accounts really is a really bad thing all around. Mahathir Mohammad & his fumbling crew are pouring salt to the open wound by causing mass panic. Don't those nitwits know this is the equivalence of inciting people to run the banks?!

Take care & hope you make out alright. Certainly, time to come HOME.

best, Bosco



To: Stitch who wrote (6105)9/2/1998 9:08:00 AM
From: tom  Read Replies (1) | Respond to of 9980
 
Anwar fired. Krugman agrees with Mahatir.

In fact, according the SCMP Krugman thinks that the HKMA are justified in intervening in the stock market to support the peg.

KUALA LUMPUR, Sept 2 (Reuters) - Following is a statement issued on Wednesday by the Prime Minister's Department announcing that Malaysian Deputy Prime Minister and Finance Minister Anwar Ibrahim had been removed from the government.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
PRESS STATEMENT FROM PRIME MINISTER'S DEPARTMENT
This is to inform that Dato' Seri Anwar bin Ibrahim has been sacked from his posts as Deputy Prime Minister and Finance Minister, as well as other positions held by Dato' Seri Anwar in relation with the Deputy Prime Minister and Finance Minister posts.
The removal took effect today, 2 September 1998, from 5.30 p.m.
The King has been informed of the removal.



To: Stitch who wrote (6105)9/2/1998 10:39:00 AM
From: Paul Berliner  Read Replies (2) | Respond to of 9980
 
Details on Ringitt restrictions: afr.com.au

The specifics are about half-way down in the article



To: Stitch who wrote (6105)9/2/1998 8:45:00 PM
From: Michael Sphar  Read Replies (1) | Respond to of 9980
 
Stitch, I am appalled and sympathetic. These types of actions were inconceivable to me. I try not to imagine where this will lead. I hope for the best for you and yours.

I think of all the businesses that depend on places like Penang, Malacca, and KL and wonder how this type of international corporate business will be affected.

My best to you and yours,

Mike