The whole world is watching Malaysia on August 29 and 30.
Malaysia must not fail the global best of human rights, democracy and good governance so as not to head towards a rogue and failed state.
Malaysians should have had enough of bad news in the past weeks and months, with the Malaysian ringgit becoming “shringgit”, sinking to a 17-year-low to 4.2680 to a US dollar at 10.17 am today, and taken off notice boards of money-changers overseas with the notation “P.O.A.” or “price on application” because of its extreme volatility.
Malaysia’s foreign exchange reserves fell 19% since the start of the year, dipping below the US$100 billion for the first time last month since 2010, falling to US$94.5 billion on August 14 from US$96.7 billion on July 31.
The Kuala Lumpur stock market has also crashed.
Capital outflows from the country are accelerating, to three times the size of capital investments in the country in Q1.
These are not the only woes Malaysia is facing, as there is a multiple crisis of confidence affecting not just the economy, but also about good governance and democracy in Malaysia.
The Police should end all the semantics about the legality or otherwise of Bersih 4 overnight rally on August 29/30, and be guided by Suhakam which had stressed that the police have no power to ban any peaceful gathering and must instead protect the participants. Continue reading “Bersih 4 Rally – The whole world is watching and Malaysia must not fail the global test of human rights, democracy and good governance so as not to head towards a rogue and failed state”