.........as forces aligned withformer Prime Minister Mahathir Mohamad battled it out with thosealigned with the weakened Prime Minister Abdullah Ahmad Badawi, whohas all but disappeared from political activity. He is expected tostep down as prime minister after official elections next month.The continuing political turmoil, however, continues to threateninvestor perceptions, with the Bloomberg news service reportingTuesday that both JPMorgan Chase and Merrill Lynch, now a unit of Bankof America, had issued warnings that the country's stock market couldsuffer as a possible snap election in Perak disrupts the government'sability to tackle slowing growth."The polls will prove a serious distraction at a point when thegovernment should be focused on reviving the domestic economy withwell-thought-out stimulus measures and execution," JPMorgan analystChris Oh was quoted as saying. "The economy and consequently the stockmarket should be big losers as a result."
Revert : As Rome burns, Malaysian politaikos are having the fart of their lives!!
No comments:
Post a Comment