EKOVEST - LATEST STUMBLING BLOCK

It is sad that the latest news for Ekovest only serve to remind us of Pakatan Harapan government flip flop behaviour in making sound economic decisions, there is now no believe or trust that a go ahead from the government is as the word meant to be. Many have even started calling this administration the u turn government. It is no wonder foreign funds are running away from this country. This only give rise to lack of confidence and mistrust amongst business community. Not surprisingly we are one of worse stock market performers in South East Asia. I believe the patting themselves on the back should stop and re-examine themselves.

Back to Ekovest. The delay is government is non decisive on weather to sell the entire piece of land or retain 40%. It is also link to 2 billion bond issue to facilitate the moving of the army base (so called). The conundrum is weather retention of the 40% JV would bring ROI to the government sufficient to service the bonds. Or alternatively sell the whole lot and redeemed the bonds.

The indecisiveness of this government is mind boggling to the extend they seem non chalent to time and bringing about the much needed economic activities. They seems content to not stretch their minds and rely on internal consumption to bring about the targeted GDP. The lack of catalyst is deadly to the economy.

I hope PH improves or it would be like the Badawi years and a long 3 years to the next election.