Francis Yeoh have been making news today.
1) Crony capitalism in Malaysia has to go
He pointed out 85% of YTL's business is oversea. They got the Initial IPP because of their innovation and they were priced below those being touted by the like of Enron back then.
2) Economic bubble bursting?
He warned that current low interest environment backed by QE is leading to asset bubble that will likely burst in the next 2-4 years. I would have to disagree, as I believe that a bigger risk would be the debasement of currency hence it will be better to be in real asset rather than paper money.
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