Friday, December 19, 2008

Cabinet shelves IJN sale proposal

I just read in Malaysiakini that the Cabinet has decided to shelf Sime Darby's proposal to acquire IJN. Let me be the first to congratulate the Cabinet for having the wisdom to listen to the views of the general Malaysian public.

The whole principle of privatisation needs to be reviewed. It has deteriorated to the point that we are all hard put to determine where privatisation (and, by logical extension, greater economic efficiency) ends and, where rent-seeking behaviour starts.

It is, therefore, heartening to read about the Cabinet's decision. But, like all good thrillers, I cannot fail to note that the proposal is only shelved NOT rejected. This issue may revive itself when Malaysians are not vigilant.

2 comments:

Antares said...

I just drifted in here to give you a warm hug, bro. You're a solid human being whom I look forward to someday meeting.

de minimis said...

Bro Antares

I feel the hug, bro. Many thanks for reaffirming my humanity. But I'm many miles away from where your mind is at...much to catch up with you on. We need some teh tarik time someday :)