Anything but that
Article Abstract:
Malaysian Prime Minister Mahathir Mohamad is anxious to avoid having to ask the International Monetary Fund (IMF) for help, and has taken a range of measures intended to prevent this occurring. The ringgit has fallen 35% against the US dollar since Jul 1997, and shares prices have dropped to less than half their Feb 1997 value. Mohamed has responded by setting up the National Economic Action Council which will oversee all issues relating to the economy. Mohamad's aversion to IMF intervention stems largely from a fear that the IMF would call for an end to market distortions.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1997
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Early to bed: anti-vice crackdown targets entertainment industry
Article Abstract:
Kuala Lumpur's nightspots must close by 1 a.m. in an attempt to stop vice and delinquency. This is part of a broader crackdown by Prime Minister Mahathir Mohamad against social ills. However there are concerns by social scientists that this only superficially addresses the problems without resolving the root causes. The problems include drug addiction, child and wife abuse, incest, teenage gangs and illegitimate births, and is embarassing for a country that sets much store by Asian values. Many of the problems are amongst ethnic Malays, all of which are Muslim.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1997
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The big leagues: Malaysians expect a Games windfall
Article Abstract:
Malaysia plans to make the Commonwealth Games it will host in 1998 into a statement of its international stature, as well as a chance to make money in both private and public sectors. Already major Malaysian construction companies, among them United Engineers (Malaysia), Merdeka Park Holdings, the Berjaya Group, and Trans-Resource Corp., are reaping windfall profits from sales of land the government gave them as an incentive. Sukom 98, created to organize and market the games, expects to reach a TV audience of 500 million.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1996
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