Monday, May 18, 2009

Local vs Foreign Spin

(A)Manufacturing sector continues to draw FDIs
MALAYSIA continues to attract significant foreign direct investments (FDIs) into the manufacturing sector, with projects worth RM3.3 billion approved in the first three months of this year. International Trade and Industry Minister Datuk Mustapa Mohamed said total foreign investments approved in Malaysia's manufacturing sector in 2008 increased to RM46.4 billion in 480 projects.

(B)Malaysia’s First-Quarter Foreign Investment Drops 79%
May 15 (Bloomberg) -- Malaysia’s approved foreign direct investment in the manufacturing industry plunged 79 percent in the first quarter amid slumping global demand for the country’s products, a minister said. The Southeast Asian nation approved 3.3 billion ringgit ($931 million) in foreign direct manufacturing investment from January to March, International Trade and Industry Minister Mustapa Mohamed told reporters in Kuala Lumpur today. That compares with about 16 billion ringgit a year earlier.
Hi folks! A simple multiple choice question I will like to ask you? Which one is the local Headline and which one is a foreign headline? You be the judge. I am amazed that the FDI has dropped 79%. I guess Malaysians continue to live in a world of denial. I believe it is time to wake up to reality. If we were to crawl out of this global economic slowdown, politics must be put aside and a consultative government must emerge. I believe the excessive politiking has damaged Malaysia's reputation somewhat eventhough certain quarters are still in the state of denial.
So what is your answer for the foreign news (a) or (b)? Make a guess!

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