Wednesday, July 25, 2012

KLCI Performance 2011

Malaysia under the new premiership of Datuk Seri Najib Razak has the most radical reformation or transformation for the matter, Government Transformation Program (GTP) , Economic Transformation Program(ETP) and 1 Malaysia policy hoping to restore the confidence of it's citizens  as the nation gears up for the 13th General Election (GE).

Handouts or rather subsidies for senior citizens to FELDA small holders to taxi drivers to student in the form of discount cards have been a mixed response. However, the most basic amenities such as water distribution and concessionaire still stick up like a sore thumb aggravated by highly controversial submarine scandal and Mongolian model murder case, misappropriation of public funds under the National Cow breeding scheme which need to be addressed and sorted out urgently.

Despite the dramatic happening and exposure of one scandal after another including the sales of partially submerge land to Selangor state government at ridiculously high price in the pretext of bailing out one the vendor/seller which is Trinity Corporation Berhad ( formerly known as Talam) in the midst of debt restructuring exercise.

All these scandals, corrupt practise, commercial frauds and irregularilities have somewhat stifled the Barisan Nasional (Government political party) machinery to garner vote of confidence in the coming GE and bleak outlook of EURO zone crisis and geopolitical threat from North Korea and civil war/ political unrest in Syria and in Middle East do not help either  which have a deep impact on the  nation stock market as reflected below  Kuala Lumpur Composite Index (KLCI) performance last year.





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