Turmoil in Kuala Lumpur stocks sends funds into tailspin

Article Abstract:

Performance of equity funds in Malaysia has significantly declined due to depreciation of the ringgit and market regulations. Malaysian Prime Minister Mahathir Mohamad suddenly retracted his move to limit short-selling of blue-chip stocks after announcing his plan to do so. The Malaysian equity funds have incurred losses averaging 35% for three months ending on Sep 5, 1997. However, the impact on a number of funds managers has been softened because their portfolios are not solely focused on Malaysia.

Stocks & Other Equity Securities, Economic aspects, Stocks

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Mahathir aims to prime Malaysia Inc.'s engine as country rolls toward greater global role

Article Abstract:

Malaysian Prime Minister Mahathir Mohamad has been able to transform his country's economy from one that relied largely on primary exports of palm oil and rubber to one that also produces industrial goods such as cars and semiconductors. Mahathir relied on the twin strategies of business and government cooperation and economies of scale. He is an outspoken critic of Western media and of policymakers who he feels are out to disrupt the continued industrialization of Asian nations.

Interview

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Country finds that its cheap-labor habit is hard to break

Article Abstract:

Malaysia may face an uphill battle in trying to curtail Malaysian firms' practice of hiring cheap foreign workers as these firms depend heavily on immigrants. Malaysians' dislike for manual labor fuels the need for immigrant workers. The country is increasingly pressured to develop a more consistent foreign labor policy as the government has for years vacillated on the position it wants to adopt.

Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Aliens Employment Regulations, Laws, regulations and rules, Labor law, Alien labor, Foreign labor

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