Nonresident Indians doubt government's reform plan

Article Abstract:

Newly appointed Indian Finance Minister P. Chidambaram discussed a new economic policy aimed at encouraging foreign investments in India during a three-day conference in Singapore entitled 'India: The Uncaged Tiger.' Despite his positive rhetoric, Chidambaram failed to convince many nonresident Indian entrepreneurs that significant change in the country's economic state is near. Many nonresident Indian entrepreneurs hounded Chidambaram about the difficulties of starting businesses in the country. They called for the establishment of a permanent forum that will lobby the Indian government in behalf of nonresident Indians.

Investment Incentives to Foreign, Foreign investments, Political aspects, India, Investment incentives, Chidambaram, P.

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Political discord might jeopardize nation's economy

Article Abstract:

The worsening political rift between Malaysian Prime Minister Mahathir Mohamad and Deputy Prime Minister Datuk Seri Anwar Ibrahim may place the country into a more unstable condition. Deputy Ibrahim has allegedly took a back seat, allowing his PM to go by his will in running Malaysia's beleaguered economy. Earlier, the International Monetary Fund has urged the government to maintain a high interest rate in order to stabilize its currency. However, the PM ordered instead the central bank to cut its interest rates by half a percentage point.

Intnl Economic Policy, Economic aspects, Interest rates, International economic relations, Prime ministers

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Kuala Lumpur unveils second spending plan in two weeks

Article Abstract:

Kuala Lumpur, Malaysia, unleashed its second big fiscal spending plan aimed to revive the economy without sacrificing the interests of companies and consumers. The new five-billion ringgit program shows how worried people are about the declining economy and the continuing debate over the proper program to salvage the economy. Some regional economists are bent on suggesting lowering interest rates to ease the economy, while others call for tighter monetary policy to convince domestic savers to keep their money at home.

Comment:

Malaysia: Country unleashes 2nd big fiscal spending plan aimed to revive economy w/out sacrificing interests of cos & consumers

Government domestic functions, Malaysia, General Economic Programs, Article

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