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And this is how the Malaysian National News Agency, Bernama, reported it. Must be read with news (1) and news (2)

(ACCCIM SURVEY REPORT ON ECONOMIC SITUATION OF MALAYSIA, H1 2007)

September 03, 2007 20:28 PM
ACCCIM Expects Second Half Of 2007 To Be More Challenging

KUALA LUMPUR, Sept 3 (Bernama) — The second half of 2007 is expected to be more challenging following the current volatility of the stock market globally, which has influenced the direction of Asian bourses, including Malaysia, according to the Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM).

However, its president Tan Sri William Cheng said today the association remained optimistic on the outlook for the remaining months as several projects under the Ninth Malaysia Plan have yet to be implemented.

This, he said, would create an impetus for industry players, especially with the current situation in the United States subprime mortgage market which caused a downtrend in the Asian bourses.

(more…)

(ACCCIM SURVEY REPORT ON ECONOMIC SITUATION OF MALAYSIA, H1 2007)

Racial Fairness Urged in Malaysia

Monday September 3, 4:58 am ET
By Sean Yoong, Associated Press Writer

Malaysia’s Ethnic Chinese Business Leaders Urge Government to Be Fair
to All Races

KUALA LUMPUR, Malaysia (AP) — Corporate chiefs from Malaysia’s
ethnic Chinese minority made a rare plea for racial fairness Monday,
urging the government to ensure its economic policies benefit every
ethnic community and not just the majority Malays.

The call by Malaysia’s main ethnic Chinese trade coalition, which
represents 28,000 businesses, touches on one of this multiracial
country’s most sensitive subjects — affirmative action programs
geared at helping the ethnic Malay majority catch up with the more
prosperous Chinese by allowing them advantages in education, housing,
bank loans, government jobs and contracts.

“We must also allow other races to have opportunities to perform,”
said William Cheng, president of The Associated Chinese Chambers of
Commerce and Industry of Malaysia, or ACCCIM.

(more…)

(ACCCIM SURVEY REPORT ON ECONOMIC SITUATION OF MALAYSIA, H1 2007)

M’sian Chinese see tough times continuing in H2
Affirmative action for bumiputras among main factors causing pessimism

By PAULINE NG IN KUALA LUMPUR
Published September 4, 2007, Business Times Singapore

MALAYSIA’S Chinese community had a rough ride in the first half of
the year and is not sanguine about second-half prospects either, a
recent survey shows.

Domestic competition, rising raw material prices and operating costs,
as well as opaque government policies were the three factors which
most adversely affected the business performance of the Chinese
business community.

Despite the slew of ongoing government initiatives to ensure the
sustainability of the local economy, the community appears less
optimistic about economic prospects in H2.

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First it was macaque-trapping.
Then it was porcine-bashing/burying
Now it’s dog-catching.

See poster at: http://www.mps.gov.my/hanjing/dog.html

Thanks to http://www.4896kj.com for the alert.