Abdullah Osman from Singapore's Today newspaper gives some thoughts about the impact of the unexpected results of our 12th General Elections:
The perfect storm he did not see coming
by Abdullah Osman, TodayOnline.. there is a fear. Will there be a period of heightened tension, perhaps even riots? Will foreign investors shy away? (emphasis mine) Will the country's politics become so divisive that nothing will get done?
The answers: No. No. No ..
.. Perhaps, now Malaysian politics will be re-calibrated back on the road to moderation. This election will change Malaysia forever .... some had feared that this election might have a polarising effect, with Indians and Chinese on one side, and the Malays supporting the ruling coalition on the other. This has not happened ..
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Categories: 12th General Elections
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Comments (5)
Implosion said:
A lot of Malaysians seem to focus on the social repercussions of the 2008 elections. It will be the economic repercussions which will hit us hardest.
Posted on March 10, 2008 8:26 AM
Messy Christian said:
It irritates me to read what these foreign commentors - well most of them are foreign anyway - have to say sometimes. They think they know so much or why we elected the way we do. All these dire predictions that investors will shie away ... I mean, the corruption is a big factor why investors shied away BEFORE the elections.
I sometimes wonder whether investors wistfully hope for Malaysia not to change so that they can continue reaping the profits...
Posted on March 10, 2008 8:47 AM
Messy Christian said:
But this article has great analysis ... ;)
Posted on March 10, 2008 8:55 AM
Bob K said:
I am less convinced that the economic repercussions will be that great. There might be some short term jitters but a more efficient and transparent government would be to the benefit of investors as a whole.
Considering that the BN is generally still the ruling party, the onus is now on them to decide if they want to scuttle and sabotage the national economy for political gain.
Posted on March 10, 2008 9:14 AM
wong piang yow said:
Investors leaving? Bullshit! Now that I see that there is hope in this country, I will bring my money back. There are plenty of others like me out there and we will see an increase in investment.
py
Posted on March 12, 2008 7:01 AM