New Cabinet most disappointing, as it does not impress Malaysians  as a millennium cabinet but looks very Jurassic


Media Comments
by Lim Kit Siang
 

(Penang,  Friday): The new Cabinet announced by the Prime Minister, Datuk Seri Dr. Mahathir Mohamad this evening is most disappointing, as it does not impress Malaysians as a millennium cabinet but looks very Jurassic.

Many old tired faces remain and even the new Cabinet Ministers like Datuk Hishammuddin Tun Hussein (Minister for Youth, Culture and Sports), Datuk Nazri Abdul Aziz (Minister for Entrepreneurial Development), Datuk Azmi Khalid (Minister for Rural Development) and Datuk Ong Ka Ting (Housing Minister) have not distinguished themselves as millennium leaders  with an open and liberal outlook who could "break the shackles of the past" although Hishammuddin was selected by Asiaweek as one of the 20 Asiaís millennium leaders.

Market reaction had been most negative.  This is why although the Kuala Lumpur Stock Exchange Composite Index (KLCI) went up some ten points earlier in the day  in anticipation of new Cabinet which could inspire market confidence, the KLCI immediately fell by five points after the Cabinet announcement at 4 p.m.  - rendering the marketís instant judgment of the Jurassic cabinet - although it recovered slightly at the end of trading at 5 p.m.

The new Cabinet line-up is also notable for the following reasons:
 

(10/12/99)


*Lim Kit Siang - DAP National Chairman