Visit by Gates leaves question on technology corridor

Article Abstract:

Microsoft chairman Bill Gates promised one mil ringgit ($264,000) in software and training resources for the planned Malaysian 'smart schools', as part of Microsoft's commitment to Malaysia's Multimedia Super Corridor project. The pledge is a pittance compared to the expected investment coming from Microsoft in return for its participation in the multimedia corridor. Many analysts believe that the reluctance of Microsoft to increase its investments is tied to the uncertainty in the Malaysian economy, whose currency, the ringgit, has fallen 30% in value against the dollar since the Asian currency crisis.

Electronic computers, Computers, Electronic Computer Manufacturing, Administration of General Economic Programs, Foreign Trade Zones, Infrastructure (Economics), Microsoft Corp., Multimedia industry, Investments, Buildings and facilities, MSFT

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A confidence crisis

Article Abstract:

Malaysian Prime Minister Mahathir Mohammad's attitude and policy towards foreign investment create a negative impression among foreign investors. Mahathir lambasted foreign fund managers by tagging them as stock manipulators out to destroy emerging economies. The prime minister also revealed economic measures, such as prohibition of short-selling, directed towards protecting the country's sagging stock exchange.

Economic Programs, Administration of Economic Programs, Evaluation, Mahathir Mohamad, Prime ministers

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