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I refer to your report headlined Abdullah: Hong Leong acted irresponsibly .

This is shocking. How can the prime minister be seen to be publicly involved in the manner in which a bank carries on its business? Firstly, it is to be questioned whether he is at all qualified to comment on banking business.

He may be the prime minister, but he is no expert banker. Of course, he has been advised by his experts that Hong Leong Bank should not have circulated that offensive list. But he should have kept that advice at heart and asked the Central Bank, the proper regulator, to do the reprimand.

Instead, by lashing out at Hong Leong, he has demonstrated his shallow knowledge of how businesses are run and also appears to blame Hong Leong for the recent stock market malaise.

The PM should perhaps examine his government's own financial policy and ask his advisors whether perhaps it is these policies that are the cause of the stock market malaise.

I am thinking of the call by so many people, including the former PM and deputy prime minister to re-peg or refloat the ringgit and the current administration's intransigent stubbornness in refusing to heed the advice of such prominent people.

Pak Lah seems content to steadfastly listen to his own reactionary and scared circle of puerile bureaucrats.


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