False economics is give out money to victims of natural disasters than mitigating the problems before hand.

False economics is having elaborated over design buildings as govt offices and located thousands of miles away.

False economics is always having govt to spark development growth than open private generated ones.

False economics is protecting some people needs and not protect the others.

False economics is to look good , impressive but empty pocket and no where to go.

False economics is motivating people by sending them to the space when most people cant even afford decent meal.

False economics is smart schools with no smart teachers and selected smart people in the MOE.

False economics is acclimatising athletes by having a sports facility building and maintaining it overseas than encouraging more sports facility open within the nation either governmental supported or private motivated.

False economics is changing the teaching medium in nation type schools from english language just to please the present and not the future.

False economics is having lots of schools but no able teachers and libraries.

False economics is worrying about patriotism and loyalty to BN than
quest for knowledge as in the school assemblies and curriculum.

False economics is looking for investment from the middle east and denying the might of CHINA and INDIA and JAPAN and KOREA.

False economics is continuing the marginalisation policies than liberalisation policies like the developed nations.

False economics is relaxing trade entry requirements for NO tech nations (but only have money) and forbidding high tech nations.

False economics is bragging and crying about how great ancient arab science

False economics is called yourself developed nation when some people are still soul searching and cannot spell properly.

False economics is toll road right at the peoples driveway and still not resolving the traffic jams.

False economics is using the gains from oil sales to offset debts in ventures of gomen or its subsidiaries without people knowing yet.

False economics is spending more than you have.

False economics is believing BN again and again, threaten your security again, force to pay more again, change the education system again, pay more toll road again, deny government contracts again, take away your license again, share your hardwork with again, roun around in gomen departments again, you all know more

than

Even Indian Muslim restaurant must have a halal cert,Where do they get it ,” From a copmpany own by SELF MADE ROYALTY KHAIRY JAMALLUDIN”.

Re Islamic financial services, yes, we were the first to issue a global sukuk in 2002 (even our domestic listed vehicles with strong balance sheet have raised sukuk junior and senior bonds) and our premier investment bank is expanding operations regionally (Singapore, Hong Kong), to the Middle East (Bahrin) and farther afield London that it is being geared up now for such challenges…

So is the DAP going to give credit to TDM now for having the foresight to promote aggressively Islamisation of which the establishment and expansion of Islamic banking/financial instruments and insurance (takaful) are essential part? Or Pak Lah’s aggressive promotion of Halal industry considering the huge potential in $ from Arab monies and a 1.4 billion muslim market?

It is interesting what is proposed here that DAP will urge our local commercial and investment banks to offer bonded scholarships to top Malaysian students to pursue degree programmes at the top universities in the United Kingdom and the United States, home of the world’s largest financial districts with government matching the scholarship funds raised by the financial institutions on a RM1 to RM1 basis. If you’re talking of being a specialist Islamic banking engineer should they not be sent to Al-Azhar University or other renowned universities in Middle East or is there an implicit suggestion here that top universities in the United Kingdom and the United States are going to teach Islamic banking better than those in the Middle East (by fusing with Western banking precepts)?

If we want more of the young and talented to join the banking industry – develop Islamic banking etc – then ask the government to have more banks instead of a few anchor ones and ask Bank Negara to free the restrictions on remuneration of bank officers. It is not easy to work in banks – long hours, crunching figures, visiting business sites to check against fraud, defending credit reports and rushing on drawdowns that customers chase and yet grudge paying better pricing rates.

How many good corporates are out there in Malaysian scene to do banking business with including the supporting of their bonds issuance including Islamic bonds? Unless you are relying on concessionaire toll collector like Litrak or may be those that get “letters of support” from the Transport Ministry! You can see from SC’s investigations into the accounts of listed Transmile, Nasioncom and GP Ocean Food cases as a measure of our state of corporate governance.

If you go abroad, would overseas corporate borrow from us or make use of our financial instruments including Islamic financial instruments? We have to worry about the sovereign risks in these countries – and currency risks as well, whether their currency laws allow repatriation of principal and interest to Malaysian shores and also whether subject to any withholding tax.