Sunday, March 29, 2009

The Malaysian Mystery of ValueCap

Tuesday, 24 March 2009 | Written by Eric Ellis | Asia Sentinel

The lack of detailed public information about ValueCap has incensed both Malaysia's political opposition and its feisty and well-read blogosphere, fast becoming the credible news and information alternative to the traditionally government-controlled mainstream media. Malaysia's business and political blogs are scathing about the mysterious fund.

"These buggers are running away with our hard-earned money," said one blogger. "What is the best and most effective ways we can stop them?" Says another "who knows who gains from this outlay of 5 billion ringgit into the share market. Our government has got to be sincerely good for the people at large; and there has to be transparency."

At the very least, analysts say the government has a serious perception problem to deal with at ValueCap, at a time it can ill afford further controversy.[more]

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