Emergency spending rule could spook investors further - ex-finance minister II

The new emergency ordinance, which allows for Putrajaya and state governments to tap into consolidated funds without scrutiny, could scare away more investors, according to former second finance minister Johari Abdul Ghani (above).

Johari said the ordinance - which could also allow supplementary budgets to pass without approval from Parliament - showed that the government was politically unstable, and this, in turn, affects investor confidence...