Dr Mahathir

Tun Mahathir bin Mohamad (pronounced [maˈhatir bin moˈhamat̚]; born July 10, 1925) is a retired Malaysian political figure. He was the fourth Prime Minister of Malaysia. He held the post for 22 years from 1981 to 2003, making him Malaysia's longest-serving Prime Minister, and one of the longest-serving leaders in Asia.^[1] During his term in office, he was credited for engineering Malaysia's rapid modernisation.^[2] Mahathir is also known for his criticisms towards western and developed countries.^[3]

During his administration, he was considered to be one of Asia's most influential leaders.^[4] Mahathir is also noted in the Western world as an outspoken critic of Western-style globalization.^[5]

During his term in office, Mahathir turned Malaysia into a regional high-tech manufacturing, financial, and telecommunications hub through his economic policies based on corporate nationalism, known as the various "Malaysia Plans" which set out the government middle-term objectives. These policies with strong Keynesian tendency remained in effect almost to the end of his tenure in office.^{[citation needed]}

His pet projects have included Perwaja Steel, an attempt to emulate South Korea and Japan, the Proton car company, and Astro, a satellite television service.^{[citation needed]}

Mahathir is credited with spearheading the phenomenal growth of the Malaysian economy, now one of the largest in Southeast Asia. Growth between 1988 and 1997 averaged over ten percent and living standards rose twentyfold, with poverty relatively almost eradicated and social indicators such as literacy levels and infant mortality rates becoming almost on par with developed countries.^{[citation needed]}

During this period, Mahathir embarked on various large scale national projects, such as the North-South Expressway, Multimedia Super Corridor, the planned capital city of Putrajaya, Johor's Port of Tanjung Pelepas, Kuala Lumpur International Airport, the Bakun Dam in Sarawak, and the Petronas Towers.

While such projects have their benefits, corresponding high costs have made some Malaysians reluctant to engage in more of such ventures, believing that the money can be better spent on other areas of development.^[18] On the other hand, Mahathir has always argued that such projects yield a direct return to the economy, apart from just serving the national pride, as government spendings in turn create jobs along with other multiplier effects. Mahathir has also been criticised for the failures and inefficiency of some of his pet projects. Perwaja Steel eventually failed and had to be rescued by a corporate white knight. Its chairman, Eric Chia, faced charges of corruption in 2004. Proton eventually had to be bought by Petronas when its parent DRB-HICOM found itself over-extended, and is still currently fighting to become profitable. Astro enjoyed a monopoly on pay television services in Malaysia until 2005 when it ended with the granting of a licence to a rival MiTV

The Bakun Dam project was to be managed by a local construction firm, Ekran Berhad. It issued a 1-for-1 on time rights issue which was 63% undersubscribed (the first time in Malaysia for an event of this magnitude). Ekran's chairman, Ting Pek King, had to purchase all unsubscribed shares at a cost of $500 million ringgit due to his agreement with the underwriters. Subsequently the dam project was taken back by the government which was obliged to pay Ekran for the work already completed.^{[citation needed]}

n 2002 a tearful^[48] Mahathir announced his resignation to a surprised UMNO General Assembly. He was persuaded to stay on for a further eighteen months, in a carefully planned handover that ended in October 2003. On his retirement, he was granted Malaysia's highest honour, which entitles him to the title Tun from his original Datuk Seri. Since retirement, he has been serving as an advisor to the Malaysian national oil company Petronas and the Malaysian national car company Proton, an original core national project initiated by Mahathir during his premiership. He is also the head of the Perdana Leadership Foundation, a foundation whose aim is to preserve, develop and spread materials regarding or written by previous Malaysian Prime Ministers. While he has retired from all political offices, he remains very outspoken regarding national policies.

In 2005 Mahathir brought up the issue of excessive awarding of Approved Permits (APs) to import cars, stating that they were creating too much competition for Proton, causing friction between him and Rafidah Aziz, the Minister for International Trade and Industry, who oversaw the awarding of APs. His successor, Abdullah, then announced that a National Automotive Policy (NAP) would be created to appropriately handle the issue. Later, when touching on the issue, Mahathir lamented the government's majority in Parliament, saying, "I believe that the country should have a strong government but not too strong. A two-thirds majority like I enjoyed when I was prime minister is sufficient but a 90% majority is too strong....We need an opposition to remind us if we are making mistakes. When you are not opposed you think everything you do is right".^[49]

Mahathir has also ventured into a bakery business with a Japanese partner. Together they established a Japanese-style bakery and bistro outlet called "The Loaf". As of October 2007, there are two outlets in Malaysia, one in Langkawi and one in Kuala Lumpur. They are planning expand their business into other countries in Southeast Asia.^[50] In May 2008, Mahathir started a blog under his old pseudonym, which reached a million visitors within the span of one month.^[51][52]