Ask this Question - Why Malaysia?Submitted by Colorado Sean on Sat, 07/19/2014 - 14:13
Why have two aircraft from the Malaysian National Carrier met their demise in just 4 months? Is it just "bad luck".
What is Malaysian-Russian relationship?
What is Malaysia's economic power in Asia?
What is Malaysia's relationship to global banking, the IMF & World Bank?
1. Energy - Malaysia has an abundance of oil & gas and lies in the middle of energy-hungry Asia. Petronas is the state-owned energy company and all foreign firms must partner with Petronas. Petronas is the 8th most profitable company in the world and #1 in Asia. Only 40% of Malaysia's oil & gas fields are developed.
2. Currency - the Malay currency is the Ringgit. It is not traded internationally because the National Bank of Malaysia does not want it to be. They saw the speculation from the Asian crisis and do not want to lose control of their currency. (I would like to know how they back it).
3. IMF & World Bank - Back to the 97' Asian Currency Crisis: The Bank of Malaysia refused IMF & World Bank loans. They took the hard medicine and restructured their debt domestically. The result - it was over in a few years and they boomed.
4. Islamic Banking - Malaysia is a leader in global Islamic Banking. The Malaysian National Bank established the International Center for Education in Islamic Finance in 2006. http://www.inceif.org/
5. Russian Sukhois - Malaysia is considering a major purchase of advanced fighter jets from 5 suppliers: 1 Russian (Sukhoi) and the others are EU or US. *** They already have 18 Su-30MKM fighters they bought in 2003.