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Posted by : Mahadi Mahbol Sabtu, Januari 15, 2011

Adakah Rakyat Malaysia inginkan Aset kepentingan negara terus di rompak pada 100 hari pemerintahan rejim DSAI ?

Fikir-fikirkan lah ..

Amplify’d from

[edit] Financial crisis

During the 1997 Asian Financial Crisis Anwar, as finance minister, supported the International Monetary Fund (IMF) plan for recovery. He also instituted an austerity package that cut government spending by 18%, cut ministerial salaries and deferred major projects. "Mega projects", despite being a cornerstone of Mahathir's development strategy, were greatly curtailed.

Although many Malaysian companies faced bankruptcy, Anwar declared: "There is no question of any bailout. The banks will be allowed to protect themselves and the government will not interfere." Anwar advocated a free-market approach to the crisis, including foreign investment and trade liberalisation. Mahathir blamed currency speculators like George Soros and supported currency controls and tighter regulation of foreign investment.[6]

In 1998 Newsweek magazine named Anwar the "Asian of the Year". However, in that year, matters between Anwar and Mahathir came to a head around the time of the quadrennial UMNO General Assembly. The Youth wing of UMNO, headed by Anwar's associate Ahmad Zahid Hamidi, gave notice that it would initiate a debate on "cronyism and nepotism". The response was swift, as Mahathir issued lists of cronies who had benefited from government share allocations and privatisations. The list included Anwar and Zahid, along with several of Anwar's other allies. In the list, Anwar's father and his two brothers are shown to have received shares allocated by the government for the bumiputra. His father Datuk Ibrahim Abdul Rahman and his brothers, Farizan and Marzukhi, hold shares amounting to more than 7.1 million units in three companies. On 2 May 1998, Dato' Ibrahim Abdul Rahman owned 250,000 shares of Pengkalen Holdings Berhad and 3,790,500 of Nissan Industrial Oxygen Incorporated. Farizon owned 250,000 shares of Pengkalen Holdings Berhad. Marzukhi owned 2,800,000 shares in Penas Corporation.[7] In the list, Ibrahim Abdul Rahman owned 2,000,000 shares in Industrial Oxygen Incorporated Bhd in 1993.[8]


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