junior's toks

We are doing very well. Serious!

Tuesday, December 07, 2004 - Strategic industries must remain in Malaysian hands, says DPM

PUTRAJAYA: The Government's investment holding arm, Khazanah Nasional Bhd, must ensure that strategic industries remain in the control of Malaysians while attracting foreign investors, Deputy Prime Minister Datuk Seri Najib Tun Razak said. Although the Government was "very happy" with the marked interest shown by foreigners in the country's public-listed companies, it must ensure that control of those strategic industries remained in the hands of Malaysians, he said.

Najib was responding to concerns raised by some about the strong interest shown by Singapore companies in several Malaysian companies like Telekom and DRB-Hicom. “We must understand that when a company is listed on the bourse, anybody can buy their shares, not just by Singaporeans, but also investors from other countries," he said.

“On one level, we may perceive this as a success as this proved that these companies are doing well, but at the same time the Government is very sensitive to its implication particularly if it involves companies that hold strategic positions in the country,” he told reporters after delivering his keynote address at the CEO Summit 2004 on Tuesday.

I am really not a fan of our DPM. Sometimes, I feel that he does not have anyone clever behind him and his speeches or opinions are really not my cup of tea. I have only one question:-

How many really think that Singapore companies (or other foreign co) buy Telekom and DRB-Hicom because they are DOING WELL. THESE are really NOT WELL MANAGED COMPANIES, for goodness sake.......Please do not lie through your teeth.

On the contrary, they buy them for strategic reasons or they think they can do a better JOB!

Sigh....I cannot tahan already. I have to come back to work in Malaysia foodcourt liao, to set example!

Junior

posted by Junior @ 5:18 PM