ANC freed a genie it might not control
KUALA LUMPUR (Reuters) - Malaysia's recent elections promised a new era of democracy and reform, but instead have ushered in an ugly fight for power and money that has turned off investors. Malaysia's ruling coalition suffered a humiliating setback in the March 8 polls, losing a two-thirds parliamentary majority for the first time in 40 years and yielding control of an unprecedented five of the nation's 13 states. But in an apparent tit-for-tat, Prime Minister Abdullah Ahmad Badawi's government is refusing to disburse development and tourism funds directly through the five...
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photo: AP / Lai Seng Sin
