Selasa, 13 Agustus 2013

Is the Economy Resisting Malaysia or is Malaysia Resisting the Economy?

Speak, blog, testify, judge and publish all you want about corporate finance and setting up competitive sectors to improve an economy. Let an economy be resilient, low-income or highly dependable - If financiers or politicians can walk their logic talk in a timely fashion, padded with some ingenious combination of ideas and concepts, we wouldn't be in so much trouble. Malaysia probably wouldn't be in this state of economy.
It could be better; it could be worse. That all depends on how you look at things, how you balance a huge variety of factors involved and use them for forecasting. In many poorer countries, some would say "Leaders should look into dominating small manufacturing, production (farming) or private/public services in their region,"; while some would argue, "Leaders should use available resources to develop their stock markets, get into the international finance arena and start playing the game."
Have we not learned our lesson? Take Seoul and Tokyo for example. Both have placed a lot of emphasis on developing "LOCAL" banking focus - Simple administration and banking systems should provide financial services to the local market - forthrightly supporting those greatly in demand and with great potential. Provide local 'dominance' to small to big enterprises. Let banking and financial institutions have financial sustainability, and be less dependent towards international banks and equity markets.
These are the economies that sustain hits and survived whatever waves that come along their way. Like China, local dominance towards natural resources and potential paved way for its citizens to spruce up the economy; to circulate funds in a fashion where international dependence is minimal. For low-income countries, they should focus on what internal resources they can leverage and spruce things up locally before joining dances of gigantic banks - In which most of the time serve relatively wealthy communities, groups or individuals only.
If Central Asia, for example, were to juggle stock markets in the international arena, knowing that they're only at the early stages of development, what ball would they bring to the game?

KL Management Services has been restructured into a Chartered Accountant company in Malaysia, now servicing corporate clients from small to large for corporations. KLM is one of three professional accounting firms in Malaysia licensed, experienced and capable to provide financial advisory services

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