"You can see markets started in 2011 in fairly buoyant fashion ... but we think one has to be nimble in this market," he said, adding that the government's investment agency was cognisant of factors beyond its control such as liquidity, investor sentiment and global events that could quickly sour the market (here).
And perhaps Khazanah should learn something from its 'carbon-copy' Temasek Holdings which has to pay a 15 billion Indonesian-rupiah (US$1.7 million) fine after Indonesia's Supreme Court again rejected its request for a review of a previous ruling that it breached antimonopoly laws.
"Temasek is disappointed that its application for Civil Review has been rejected as it has not contravened Indonesia's antimonopoly laws," Goh Yong Siang, Temasek's senior managing director of strategic relations, said (here).
Indonesia's Anti-Monopoly Commission, or KPPU, had previously ruled that Temasek violated the country's antitrust laws as it held indirect stakes in two cellular providers, PT Telekomunikasi Indonesia and PT Indosat. Temasek appealed that ruling in May 2008, but it was turned down later that year.
And for Khazanah to consider investing abroad, they should take the cue from Temasek. After all, if Amok is appointed a minister in PM's Najib Cabinet, he wont leave behind a lump of manure behind...