Tuesday, October 30, 2007

Malaysian lawyers protest will cause investors to flee the country

AP News, 29 Oct 2007 - Malaysia's prime minister has warned the country's lawyers that their demands for judicial reforms could clash with national interests and send foreign investors fleeing.

The bar council president, however, said that ensuring the rule of law via judicial reforms would be good for investment and is crucial if Malaysia wants to have a modern economy.

Prime Minister Abdullah Ahmad Badawi said in a speech late Monday that lawyers who staged a rare public demonstration last month to highlight worries about alleged judicial corruption could create "the impression that a problem has reached an intractable impasse _ even when in reality, it has not."

"Above and beyond this, it also sends negative vibes to domestic and foreign investors, undermining tireless efforts of industry and government in attracting investments," Abdullah told a conference organized by the 12,000-member Bar Council.


Malaysian lawyers chasing away foreign investors


I suppose our PM has concluded that foreign investors will flee the country if we reveal all our faults. It is better to keep all our problems hidden so that no one knows... Malaysia, truly Asia Third World!


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