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The week of 18 August – 24 August 2016
Volume 28 Number 01
A
| Market Opinion
The biggest contribution of Lee Kuan Yew was the Singaporean’s civic
mindedness and their social responsibility.
Everyone can be a better
Malaysian if they do their part.
If everybody has more integrity,
be more socially responsible and have a stronger sense of right and wrong, we
will eventually have better leaders.
31 August 2015 Star
Source: Far Eastern Economic Review
Date: August 1, 2000
Source: Star.biz
Date: October 29, 2015
Source: Investing Digest
Date: October 2011
Source: The Star
Date: June 15, 2015
Source: The Malaysian Reserve
Date: May 6, 2009
Source: Business Times
Date: August 5, 1997
11 long years after the listing of
icapital.bizBerhad, some people still do not understand
that the correct way to evaluate the perfor-
mance of a closed-end fund like ICAP is to
measure its net asset value and not earnings or
profit. Looks like they will never get it.
For years, the fund manager has been “harping on”-
his choice of words- Malaysia’s lack of productivity,
efficiency and competitiveness (PEC). He did so
through his defunct Capital Talk column in StarBiz.
The first time was in October 2006, but he says he has
been pushing this view since 1995.
He revisited it in January 2010. “Without higher
PEC, Malaysia can simply forget about succeeding as
an exporter. And if we do not succeed as an exporter,
we might as well forget about developing successfully.
The equation is very simple,” he wrote.
He said it was a “cancer-like weakness” that many
Malaysians didn’t embrace a PEC-driven culture.
“Failing to move to a productivity and efficiency-
based economic growth in the coming years would
mean that any economic growth in the coming ears
would mean tat any economic chemotherapy that we
undertake now would only postpone the inevitable,”
he grimly warned.
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Capital Dynamics Sdn Bhd