Bolehland’s economy is Stagnant, Shaky, Startling & Sliding
by Martin Jalleh

Deputy PM Muhyiddin Yassin tries very hard to make sense of what he says most of the time. When he fails to make sense he makes fun of those whom he criticises. He then constructs (make believe) his preferred reality of the country and ends up making the fool of himself.

In a report on Malaysia released at the end of January, the Hong Kong-based Political and Economic Risk Consultancy (PERC) warned: “Events of the past month give the impression that pressures are building and the entire situation is becoming much more unstable”. Malaysia was “veering towards instability” (Malaysian Insider, 10 Feb. 2010).

The PERC reported that the impression that Malaysia has given since New Year’s Day was that the situation in the country is becoming increasingly unstable; a group of elite minorities were dominating the national agenda to the extent that it was hurting Malaysia’s attractiveness to investors; and it is “probable” that no other Asian country is suffering from as much bad press as Malaysia.

Among the developments that caught PERC’s attention were the theft of military jet engines; detention of terror suspects from a number of African and Middle East countries; warnings that Islamic militants were planning attacks on foreigners at resorts in Sabah; renewed ethnic and religious “violence” that included arson at some churches and desecration of mosques; and controversy over the integrity of key institutions like the judicial system in the sodomy trial of opposition leader Anwar Ibrahim.
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