Mou Their Bastardisation By Malaysian Cronies And What They Mean In China


Wed, 5 April: Some Malaysians don’t think much of memoranda of understanding and that’s quite, er, understandable. For there was a time when corporate Malaysia would sign MOU after MOU with foreign parties without any intention of turning them into real business contracts that would bring the nation wealth and jobs. 
The 1980s and 90s were notorious for this: the PM presided over scores of MOU churned out by cronies who were just interested in making headlines in the business pages and boost their share prices. These Malaysian businessmen were the ones who had bastardized the concept and principles of MOU,
As a result, some of us pooh-poohed PM Anwar Ibrahim when he recently announced the “historic” RM170 b worth of MOU signed during his visit to China.
What many Malaysians don’t understand is that the Chinese treat their MOU seriously. An article in the Forbes (In China, treat a memorandum like a binding contract). In common law countries like Australia, Canada, the United Kingdom and the United States, MOUs typically mean little. Only the signed final contract really counts. This is not typically true in civil law countries like China which hold to a much stronger concept of good faith negotiation. Under that concept, it is not acceptable to simply walk away from an MOU if that would constitute “bad faith.” That’s right. When dealing with China, it is important foreign companies treat an MOU with a Chinese companyu just as it wold a binding contract. 
The challenge for the Government now is to cut the red-tape that would bog down efforts to realise the inflow of investments resulting from the China MOU. Former Finance Minister Johari Ghani, who is MP for Titiwangsa and lord of this country’s media industry, has proposed the setting up of a special panel to monitor the realisation of these MOU, which is not a bad idea. 
More importantly, as one Twitter buddy rightly pointed out, “Get rid of the little Napoleons first”. These little Napoleons, I take it, are those who would make it difficult for anyone to do business in this country unless they have been paid their commission. Anwar obviously understood this, which was why he had stressed the need to stop this “commission culture among civil servants” days before he announced the RM170mb MOU with China

The commission culture is, of course, not limited to civil servants. Politicians are probably the bigger culprits


Artikel ini hanyalah simpanan cache dari url asal penulis yang berkebarangkalian sudah terlalu lama atau sudah dibuang :

http://www.rockybru.com.my/2023/04/mou-their-bastardisation-by-malaysian.html

Kempen Promosi dan Iklan
Kami memerlukan jasa baik anda untuk menyokong kempen pengiklanan dalam website kami. Serba sedikit anda telah membantu kami untuk mengekalkan servis percuma aggregating ini kepada semua.

Anda juga boleh memberikan sumbangan anda kepada kami dengan menghubungi kami di sini
India S Population To Overtake China What Does This Mean For The World

India S Population To Overtake China What Does This Mean For The World

papar berkaitan - pada 1/4/2023 - jumlah : 371 hits
India s Population to Overtake China What Does This Mean For the World Follow Follow Follow Subscribe
Airasia X Expands China Network With Flights To Beijing

Airasia X Expands China Network With Flights To Beijing

papar berkaitan - pada 4/4/2023 - jumlah : 263 hits
Following the recent recommencement of services to Shanghai and Hangzhou earlier this month AirAsia X continues to expand its China network with two weekly flights to Beijing which resumed yesterday on 30 March 2023 The much anticipated ina...
Commentary The Politics Of Malaysia Pm Anwar S Trips To Saudi Arabia And China

Commentary The Politics Of Malaysia Pm Anwar S Trips To Saudi Arabia And China

papar berkaitan - pada 4/4/2023 - jumlah : 428 hits
No amount of positive coverage from Malaysia PM Anwar s trip to China will change perceptions that he was intentionally snubbed by Saudi leadership during a recent trip says CNA s Leslie Lopez Leslie Lopez Channel News Asia Malaysian Prime ...
Kuantan S Mckip A Rm14 5bil Testament To China Malaysia Partnership

Kuantan S Mckip A Rm14 5bil Testament To China Malaysia Partnership

papar berkaitan - pada 4/4/2023 - jumlah : 324 hits
The Malaysia China Kuantan Industrial Park has realised RM14 55 billion in investments while another RM15 45 billion has been committed says the international trade and industry ministry PETALING JAYA During his recent trip to China Prime M...
Petronas Tetap Teruskan Projek Cari Gali Di Laut China Selatan Anwar

Petronas Tetap Teruskan Projek Cari Gali Di Laut China Selatan Anwar

papar berkaitan - pada 4/4/2023 - jumlah : 752 hits
Petronas tetap akan meneruskan projek cari gali di kawasan Laut China Selatan walaupun ketika ini terdapat pertindihan tuntutan dengan China kata Perdana Menteri Anwar Ibrahim Menjelaskan perkara tersebut di Dewan Rakyat hari ini katanya Ma...
Brokers Yawn Over Missing Details As Anwar Returns From China Claiming Historic High Investments

Brokers Yawn Over Missing Details As Anwar Returns From China Claiming Historic High Investments

papar berkaitan - pada 3/4/2023 - jumlah : 1215 hits
Only two of the 19 MoUs have some details while questions are asked on the nature of the investments by Chinese companies Details have been scarce on the 19 memorandums of understanding signed between Malaysian and Chinese firms during Anwa...
M Nasir Gemakan Axiata Arena Dengan Puisi Keinsafan Palestin

Tng Ewallet Explains How To Use Budi95 With One App At All Stations

Homesoy Launches Stop That Dot Together To Continue Driving Breast Cancer Awareness

New Contractor To Be Appointed For Delayed Pulau Mabul Base By Oct 16 Home Ministry

Basmi Kemiskinan Perlu Kerjasama Semua Pihak Bukan Kerajaan Sahaja Nurul Izzah

Zakir Naik Tuntut Rm10 Juta Daripada Portal Wartawan Berhubung Dakwaan Hiv

Sarapan Di Kedai Nasi Lemak Hussain Tukar Meter Elektrik Digital

Lirik Lagu Teristimewa Pu Fendi Ustaz Fadhil Abdul Rahman Ustaz Huri


echo '';
Info Dan Sinopsis Drama Berepisod Dendam Seorang Madu Slot Tiara Astro Prima

10 Fakta Biodata Amira Othman Yang Digosip Dengan Fattah Amin Penyanyi Lagu Bila Nak Kahwin

5 Tips Macam Mana Nak Ajak Orang Kita Suka Dating Dengan Kita

Info Dan Sinopsis Drama Berepisod Keluarga Itu Slot Lestary TV3

Bolehkah Manusia Transgender Mencapai Klimaks Selepas Bertukar


Teruja Mendapat Hadiah Sebegini Menawan Hati

Delicious Topside Beef Cubes Recipe

T20f282 Travelog Pantai Teluk Batek Lumut

Senaman 10 Minit Dalam Rumah Untuk Mak Mak Yang Sibuk

Celebrity Legs And Feet In Tights Variety Pack 163 All Red Pantyhose Edition

Lirik Lagu Mengemis Kasih Yabang The Zikr