The pessimism is worrying because if it is not properly managed, a continued lack of confidence could lead to a vicious cycle that would give rise to more serious problems. Premier Wen Jiabao once said that during economic hardship, confidence is more important than gold or money. Indeed, confidence is a very important but fragile asset and once it is lost, it would require tremendous efforts and time to regain it. Just think of wobbly Japan ! Malaysia must urgently work on her economic fundamentals to ensure that there are solid reasons to be confident about the Malaysian economy and Malaysian politicians need to put national interests ahead of selfish personal interests. Do the Malaysian political leaders recognise the importance of confidence.?
For the coming Chinese New Year, i Capital will not be published for the issue dated 26 Jan – 1 Feb, 2017 and 2 Feb – 8 Feb 2017. Volume 28, number 22 of i Capital will hence be dated 9 Feb 2017 – 15 Feb 2017. However, during the two non-publication weeks, www.icapital.biz will be updated as usual. Our office will close for half day on 27 Jan 2017 and the relevant public holidays.