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MGG Pillai Commentary Search
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Found 62 matches for Vietnam
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| 2000-10-01 | Rafidah Aziz, in the US, faces a spot of bother The Malaysian international trade and industry minister, Datin Seri
Rafidah Aziz, is in the United States to drum up investment. Malaysia
wants foreign investment, but on her own terms. Foreigners should not
question -- "had no right", in her own words, to question -- how the
Malaysian judiciary woks: it is impartial and independent. Never mind
that few concerned parties outside the government and unfortunate liigants
do not think so. But the independence and impartiality of the judiciary,
whatever the spin put on it, is why most foreign investment and contracts
with Malaysians insist upon arbitration in foreign countries in a dispute.
Singapore is the preferred choice. No foreign investor would invest
hundreds of millions of ringgit in Malaysia and lose it in a dispute if
his Malaysian partner is a prominent business man or if his lawyer goes on
holidays with the chief justice. That is not all. Contrary to the spin
Malaysian officials put on ministerial foreign investment visits, foreign
investors hold Malaysia to ransom, demanding better facilities than the
law allows. Motorole, for instance, threatened to relocate its
investments in Malaysia in Vietnam. It got what it wanted, and better
than those who come in under tax holidays or investment incentives. The
Prime Minister had to plead with them in the United States to stay, giving
them the investment guarantees they asked for.
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| 2000-09-03 | The Prime Minister Leaves In Stealth For The United States The Prime Minister did not attend Friday prayers on 1 September 00, as his
office he would. He could not. He left the night before for urgent
negotiations with an American conglomerate in the United States.
Television news last night (2 September) showed the Prime Minister in
formal meetings with the Motorola Inc. topbrass in Chicago. He had hoped
to camoflauge this meeting by addressing Islamic groups, but supporters of
He Who Must Be Destroyed At All Cost prevented that. An invitation from
one Islamic group to address it was withdrawn, and an award from another
could well be amidst noisy protestors. Hence his having to leave the
country in stealth. The official media no doubt would portray this visit,
as every other, a success, but far more serious issues are at stake. It
raises fundamental doubts about future foreign investment, with foreign
companies already here negotiating for more tax breaks and investment
incentives than allowed. This urgent meeting with Motorola follows hard
behind-the-scenes bargaining after it decided to shift its Malaysian
operation to Vietnam and Malaysian officials wanting to retain Motorola.
Malaysia blinked, provided Motorola with fresh incentives, but its key
officials would not come down to initial the agreement. So, the Prime
Minister rushed to Chicago instead. And a company which already taken
advantage of all Malaysian investment breaks is given them afresh to
continue to invest.
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This archive was created as a tribute to the late veteran
journalist MGG Pillai. We believed his writings are useful to develop a critical
thinking analysis.
By the way, the original mggpillai.com web site (2001-2006) was actually created
by one of us.
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