KL is sinking with Bursa?

Posted by EngineeringProfit > 2 months ago | Report Abuse

The consequence ofpaper millism, bumi contractorism & little napoleanism; or nepotism, corruption, & human quality decay?

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4 comment(s). Last comment by EngineeringProfit 2 months ago

EngineeringProfit

20,578 posts

Posted by EngineeringProfit > 2 months ago | Report Abuse

While aimed at uplifting the B40 community, this practice can lead to a lack of competition, substandard work, and inflated project costs. When contracts are awarded based on ethnicity rather than merit, the quality of infrastructure (risking 1001 sinkholes all over the capital) and services suffers, affecting the overall economy and, by extension, the stock market.

EngineeringProfit

20,578 posts

Posted by EngineeringProfit > 2 months ago | Report Abuse

Nepotism leads to unqualified individuals holding important positions, which in turn can result in poor decision-making, inefficiency, and a decline in organizational performance. This can stifle growth and innovation, leading to economic stagnation that is reflected in the stock market’s performance.

EngineeringProfit

20,578 posts

Posted by EngineeringProfit > 2 months ago | Report Abuse

Corruption erodes trust in institutions, increases the cost of doing business, and diverts resources away from essential services and infrastructure. It creates an uneven playing field, discouraging investment and innovation. The overall economic environment suffers, leading to reduced investor confidence in the Bursa KLSE.

EngineeringProfit

20,578 posts

Posted by EngineeringProfit > 2 months ago | Report Abuse

A decaying human capital base leads to poor decision-making, inefficiency, and a lack of innovation. When leaders and employees lack the necessary skills or ethical foundation, it hampers economic growth and development, contributing to a decline in the competitiveness of businesses listed on the Bursa KLSE

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