Wednesday, October 22, 2008

5 Billion Rescue Package - Is It A Market Stimulus Or Bailout Of Certain Entangled Parties?

Our DPM Dato' Seri Najib Abdul Razak announced a long-awaited market rescue package in the wake of the outbreak of global financial crisis.
When the veil was lifted, the market was taken aback as the package was clad over by Valuecap, thus making the injection of funds so very vague. The whole market couldn't help growing sceptical about the so-called stimulus.
The stimulus provided no boost at all to Bursa. Today it turned red and went down together with the Asian region.
Perhaps the package should be made more transparent to shore up the market confidence.

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