Wednesday, January 11, 2017

Dr Mahathir's 17th U-turn

Puchong, Jan 11: I was asked by a young reporter from The Malaysian Digest yesterday what I thought of Salleh Said Keruak's Jan 9 posting This is called Globalisation. Though the Communications Minister did not make any reference to anyone on the posting, I thought it was clear that he was happily jabbing at Dr Mahathir Mohamad who insisted in a Jan 6 posting that Prime Minister Najib Razak and Johor were selling out to China.  
The Tun used to use Singapore as a boogeyman to piss us off or of scare us off or to divert the nation's attention. China is officially his new (and bigger) boogeyman. 
Unfortunately, it is also another complete U-turn by the Old Man. His first for 2017.

Read the Digest's full story H E R E.
Read Dr Mahathir's FDI, h e r e

Salleh, in his posting, cited the irony of the British auto industry which enjoyed a record year last year but only after the Mini, the Land Rover and the Jaguar - all proudly British - have been sold to foreigners. Even Volvo is doing better since the Chinese took over the company whereas it was on the verge of closing down earlier, the Minister wrote.  
Mahathir knows what Salleh is talking about and for that reason I think he's going to let Salleh go this time. The Old Man did (or tired to do) a China long before the Chinese: he bought Italian pride MV Agusta and Britain's Lotus in the good old days of his premiership. 
Sadly, we weren't as successful as the Chinese, though ...


Anonymous said...

apakah kebodohan ini? menjadi kuasa ekonomi dunia dan menjalin hubungan yang merugikan negara adalah dua perkara yang berbeza wahai dato...

keep on mengelirukan umat Malaysia. Semoga segalanya semakin terang.

Mat Cendana said...

If people say that "too many" projects in Malaysia are by the Chinese, then how many would be "just right"?

Among the realities that we are living with in the world right now is that China has the resources, as well as it being a major buyer of resources that it requires. We as the small fry must accept the realities and adapt accordingly to ensure that we too will benefit from situations. Or we can choose to be hostile and make things difficult for China's investors. There will be less of their companies coming in as a result. But will that be beneficial to us all?

The fact that these China companies are willing to risk their capital, time and energy in Malaysia says something about their confidence in the country and its potentials. Sure, it may be better if the investments are more balanced. I'm very sure Najib would also be welcoming of companies from the US, Europe, Japan and Middle East coming in with big projects. In fact, I believe he will also welcome the Taliban should it want to come in with capital to develop some new port and township in Malaysia.

Right now it's the Chinese who are willing to invest in a big way. Would be great if US and European companies were to come in too and counter-balance the Chinese. But they have their own problems, priorities and plans. They might do so in future but for now it's better that we try to make the best of what is on the table.

Rather than scaremongering about China buying over Malaysia, the more productive thing to do is to monitor these companies. Among other things, to ensure that the benefits reach as many Malaysians as possible. And not just the few with access to the government and investors.

Anonymous said...

Kumpul lah dedak haram kamu tu din.....jatuh bn nanti dah tak boleh gi shopping