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May 06, 2002
Well, the Chao Phrya River Rat from the Asian Business Strategy and Street Intelligence Ezine may have said it already, but its nice to know that Business Week agrees with us that just right now business-wise, Malaysia is the place to be... From Malaysia Gets Back in the Game - Extract: Malaysia, it seems, is back. "We've seen an aggressive corporate governance drive, there's the feeling that [Mahathir] has strengthened his position, an economy that is cyclically primed, and a lot of the debt problems ring-fenced," says Stephen Weller, head of research for Salomon Smith Barney in Kuala Lumpur. "I can't think of one red light." Well, there is one. When Mahathir is in Washington, he'll have to convince his hosts that his nation is safe for U.S. business investment. That won't be easy. But Mahathir doesn't quit: His police keep arresting suspected extremists--and will continue to do so as long as he's around. Add more good news for Malaysia in the past few days as Moody's Investors Service raised its outlook for Malaysia's sovereign ratings to positive from stable, and no wonder the smart minds are looking at Malaysia anew... Published May 06, 2002 01:15 PM in Malaysia |
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