2. Besides the foreign investors bring in hardly any capital. They borrow locally from foreign banks operating here. During the tax holiday period they pay no tax. After the holiday is over they avoid paying tax through transfer pricing i.e. by selling their products to companies owned by them established in low-tax countries.

3. They also enjoy our subsidies for fuel and electricity.

2. Melayu pada masa itu takut jumlah rakyat bukan Melayu yang rata-rata lebih kaya dan lebih terpelajar akan menguasai bukan sahaja ekonomi tetapi juga politik Malayan Union. Dengan ini akan terlucutlah kuasa Melayu ke atas negeri-negeri Melayu.

3. Sebab itu apabila mereka tewaskan Malayan Union, persekutuan yang menggantinya secara rasmi dinamakan Pesekutuan Tanah Melayu. Dalam Persekutuan ini 80 peratus lebih rakyatnya terdiri daripada orang Melayu. Kelebihan yang tinggi ini meyakinkan mereka yang nasib mereka akan ditentukan oleh mereka.

2. My view is that a politician must accept all the opinions for or against him as normal. They go with the job.

3. I am leery of politicians who sue their critics. I suspect that what they want is to make the issue sub-judice so as to prevent the critics from attacking them on the issue. This is a cowardly move and in fact proves that the criticisms are fully justified.

2. The Malaysian Insider claims that UMNO has a distaste for subsidy cuts because it has rebuked Idris. I suppose the Insider and the opposition are all against subsidy cuts even if they lead to Malaysia going bankrupt.

3. Everybody must have read about the fate of Greece whose borrowings exceeded its GDP. The European Union has had to bail out Greece to the tune of 300 billion Euro to prevent it from going bankrupt and pulling down the European Union with it. Already the Euro has depreciated substantially and many are predicting the demise of this European common currency. The European economy, once powerful and rich, faces the possibility of a recession, simply because of the bankruptcy of one of its members.

2. Short selling is not speculation. It is manipulation of the market with almost certain success to be had. Other investors or buyers would lose money as they would be left holding the devalued shares or money or whatever.

3. Malaysia had banned short selling in the past. We regarded it as unfair and damaging to genuine investors.