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View Full Version : Bahrain tycoon: Bumi policy can scare away investors



Justme123
29-09-2010, 12:16 PM
Bahrain tycoon says Bumi policy can scare away investors.

http://www.themalaysianinsider.com/malaysia/article/bahrain-tycoon-says-bumi-policy-can-scare-away-investors

I think the above view by the Bahrain tycoon is very realistic.
Some of the discriminating policies may be necessary for some time
and circumstance but it should not be maintained for too long.

The theory of human motivation do not support it and its effect can be
detrimental to a country's competitive advantage, especially when other
less developing countries are catching up.

The comments following that article are also very interesting.

currymee
29-09-2010, 12:34 PM
Hmmmm .... don't tell me, the Arabs are starting to get cold feet after talking SO MUCH BILLIONS into Malaysia, here and there - and now looking for an excuse to cabut/back out ... hahahahaa .... :rolleyes:

cml
29-09-2010, 03:45 PM
They do all sorts of things to attract people to come. When people come then they see whats wrong here and they have cold feet and so they vote with their pockets and feet

currymee
29-09-2010, 03:48 PM
PKFZ - I heard was one such cock-up !! :eek: :rolleyes:

cml
29-09-2010, 04:11 PM
When people come for these projects they expect international standards but they see kampung/new village standards and some of them prefer to cut their losses and exit rather than be a part of the scam. The problem is our people think it is their god given right to rip people off and other people are stupid and they are the smartest.

Sentinel
29-09-2010, 05:25 PM
Why do we need foreigners like Branson, Wales and now this Bahraini tycoon to tell us we are one screwed-up country where foreign investors will shun us? Are we in Cloud 9 or in severe denial mode not to see it ourself? Where is the leadership?

The country seems to be rudderless and as a Hokkien saying goes, "Bo Cheng Hoo"...

ivanhow
29-09-2010, 09:25 PM
Wud it be rite to say that lots of those who work hard in helping to develop the country for a long time had now got tired of having to 'subsidise' those who did not work for it, that they prefer to retire, and let 'others' do it? And that fortunately (or unfortunately), the 'others' now also consist of global players who have the capacity (and perhaps also the capability) to help develop (more like investing) in the country, but unfortunately they too are feeling the pinch in their pockets ?? :p

termibait
29-09-2010, 11:50 PM
Wud it be rite to say that lots of those who work hard in helping to develop the country for a long time had now got tired of having to 'subsidise' those who did not work for it, that they prefer to retire, and let 'others' do it? And that fortunately (or unfortunately), the 'others' now also consist of global players who have the capacity (and perhaps also the capability) to help develop (more like investing) in the country, but unfortunately they too are feeling the pinch in their pockets ?? :p

I share the same view as Ivan Ho n like his comment. Hit the nail on the head.

zinglicious
30-09-2010, 01:28 AM
The locals like the Sugar Daddy King would just pack and shift his profolio elsewhere like what he done in his core business. Most of his time was spent in HK and China just like his sizable investments. And the sugar buisness may have been diverted to Australia and Philipines. :eek:
Even if he did not voice out the damaging policies in this country, who in the right mind wants to change the comfort zones. And if he did voice out the unfavorable policies, he might ended up somewhere in Taiping where his diet consisted of Roti Canai and Pisang Tanduk. And definitely no teh tarik. :eek: