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Higher risks to Malaysia's growth prospestss - 26 Febuari 2020

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Thursday, 27 April 2017 -Malaysia, the money game country

How serious is the money-spinning industry in Malaysia? On my way back from Beijing last year, I met a group of young Chinese flying here to take part in a pyramid activity initiated by Malaysians. The money game industry has ventured out of the country in a big way! On the flight, two Chinese nationals sitting beside me explained how to rake in fast returns through the get-rich-quick scheme. "You Malaysians have missed this bounty. And we are now bringing some of our compatriots to Malaysia to grab a share of the wealth." These Chinese participants will visit the company's headquarters in Malaysia, attending talks and doing some sightseeing as well. I believe more Chinese will flock here while the Malaysian authorities are largely kept in the dark. Many Chinese nationals will suffer if these get-rich-quick schemes eventually collapse, and this could likely develop into a diplomatic storm between Malaysia and Beijing. Of cour

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