Badawi- finally walking the talk

What a breath of fresh air from Badawi. The man, who was never known to be bold nor daring, seems to have finally thrown caution to the wind. Four days ago, he surprised Malaysians by announcing the setting up of a Judicial Appointments Commission, which will help evaluate and vet candidates for judicial appointments in a credible manner (go here). Today, he has just announced plan to turn the Anti-Corruption Agency (ACA) into a full-fledged commission by year-end in order to enhance its independence in terms of its operations. The strengthening of the ACA was one of the four key reform initiatives that would be carried out by the government in the move to address the public concerns on corruption in the country (go here).

I believe that these moves should help Badawi, who is facing stiff challenges from within his party as well as from the opposition, Pakatan Rakyat. He is clearly signaling that he has heard the people's concerns & is now working towards a meaningful solution. In so doing, Badawi is able to project a good image for himself- staying above the fray & busy repairing the damages suffered by the Barisan Nasional & UMNO from the recent General Election. His opponents in UMNO would have to quiet down or else they will appear like a bunch of trouble-making misfits. By adopting this reform agenda, Badawi will also be removing the grievances on which Pakatan Rakyat can capitalize on.

If Badawi can implement his reform agenda, there is a good chance that his administration may survive. With greater transparency, improved accountability & a reduction in corruption, the nation will benefit as more foreign investment will flow in. This should translate into increased economic growth & a higher valuation for the shares in our stock market. As such, this could be a good time to accumulate stocks.