Comments on: Malaysia more uncompetitive since the March 8 “political tsunami” http://blog.limkitsiang.com/2008/07/20/malaysia-more-uncompetitive-since-the-march-8-%e2%80%9cpolitical-tsunami%e2%80%9d/ for Malaysia Mon, 01 Dec 2008 20:34:15 +0000 http://wordpress.org/?v=2.6.5 By: trublumsian http://blog.limkitsiang.com/2008/07/20/malaysia-more-uncompetitive-since-the-march-8-%e2%80%9cpolitical-tsunami%e2%80%9d/#comment-118986 trublumsian Wed, 23 Jul 2008 02:27:39 +0000 http://blog.limkitsiang.com/2008/07/20/malaysia-more-uncompetitive-since-the-march-8-%e2%80%9cpolitical-tsunami%e2%80%9d/#comment-118986 net export.. net export..

]]> By: Godfather http://blog.limkitsiang.com/2008/07/20/malaysia-more-uncompetitive-since-the-march-8-%e2%80%9cpolitical-tsunami%e2%80%9d/#comment-118955 Godfather Wed, 23 Jul 2008 00:40:24 +0000 http://blog.limkitsiang.com/2008/07/20/malaysia-more-uncompetitive-since-the-march-8-%e2%80%9cpolitical-tsunami%e2%80%9d/#comment-118955 Read this regarding FDI and competitiveness: http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ak2MYWhfudTI Read this regarding FDI and competitiveness:

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ak2MYWhfudTI

]]> By: trublumsian http://blog.limkitsiang.com/2008/07/20/malaysia-more-uncompetitive-since-the-march-8-%e2%80%9cpolitical-tsunami%e2%80%9d/#comment-118932 trublumsian Tue, 22 Jul 2008 20:37:31 +0000 http://blog.limkitsiang.com/2008/07/20/malaysia-more-uncompetitive-since-the-march-8-%e2%80%9cpolitical-tsunami%e2%80%9d/#comment-118932 imranj78 and katdog, malaysia's hands are tied with the fuel thing. everyone got dinged big time. i'm sure the complains will be just as loud had the increases be in incremental and frequent. but bn deserved more scrutiny because it is a new export of oil for goodness sake! what it shows is gross mismanagement in all other facets of the economy. imranj78 and katdog,

malaysia’s hands are tied with the fuel thing. everyone got dinged big time. i’m sure the complains will be just as loud had the increases be in incremental and frequent. but bn deserved more scrutiny because it is a new export of oil for goodness sake! what it shows is gross mismanagement in all other facets of the economy.

]]> By: imranj78 http://blog.limkitsiang.com/2008/07/20/malaysia-more-uncompetitive-since-the-march-8-%e2%80%9cpolitical-tsunami%e2%80%9d/#comment-118906 imranj78 Tue, 22 Jul 2008 16:16:44 +0000 http://blog.limkitsiang.com/2008/07/20/malaysia-more-uncompetitive-since-the-march-8-%e2%80%9cpolitical-tsunami%e2%80%9d/#comment-118906 katdog, Agreed that a more gradual reduction of subsidies would be preferable by some. But for me, both gradual or one time reduction in subsidies each have their own pros and cons. Neither strategy is absolutely correct nor wrong. It's just which path a government wants to follow and how it mitigates the aftermath that is more important. katdog,
Agreed that a more gradual reduction of subsidies would be preferable by some. But for me, both gradual or one time reduction in subsidies each have their own pros and cons. Neither strategy is absolutely correct nor wrong. It’s just which path a government wants to follow and how it mitigates the aftermath that is more important.

]]> By: katdog http://blog.limkitsiang.com/2008/07/20/malaysia-more-uncompetitive-since-the-march-8-%e2%80%9cpolitical-tsunami%e2%80%9d/#comment-118901 katdog Tue, 22 Jul 2008 15:45:40 +0000 http://blog.limkitsiang.com/2008/07/20/malaysia-more-uncompetitive-since-the-march-8-%e2%80%9cpolitical-tsunami%e2%80%9d/#comment-118901 imranj78, i agree the removal of subsidies is something that should happen. But there is nothing exceptionally right about the way the increase was done. Any increase should be done in a gradual and properly planned manner, not an ad hoc decision to suddenly increase the fuel price overnight because the government suddenly realized their coffers were empty. Either the government is too cowardly to announce their intentions clearly and early or they have absolutely no idea what they are doing. Investors and companies should have been given prior warning to the massive increase in order for them to properly plan their financials. The inflation not only effects individuals like us. Rising inflation is going to put pressure on companies to increase salaries to match the inflation and this is further going to decrease our attractiveness to foreign investors. imranj78, i agree the removal of subsidies is something that should happen.

But there is nothing exceptionally right about the way the increase was done.

Any increase should be done in a gradual and properly planned manner, not an ad hoc decision to suddenly increase the fuel price overnight because the government suddenly realized their coffers were empty. Either the government is too cowardly to announce their intentions clearly and early or they have absolutely no idea what they are doing.

Investors and companies should have been given prior warning to the massive increase in order for them to properly plan their financials. The inflation not only effects individuals like us. Rising inflation is going to put pressure on companies to increase salaries to match the inflation and this is further going to decrease our attractiveness to foreign investors.

]]> By: imranj78 http://blog.limkitsiang.com/2008/07/20/malaysia-more-uncompetitive-since-the-march-8-%e2%80%9cpolitical-tsunami%e2%80%9d/#comment-118892 imranj78 Tue, 22 Jul 2008 15:03:48 +0000 http://blog.limkitsiang.com/2008/07/20/malaysia-more-uncompetitive-since-the-march-8-%e2%80%9cpolitical-tsunami%e2%80%9d/#comment-118892 I agree that the goverment has still much to do to improve our competitiveness. But they have done one thing exceptionally right which is increasing the fuel prices. This single act might cause us short term hiccups but will result in long term improvement in terms of increased efficiency and more careful spending. It also doesn't help that PR is STILL trying to wrest control of the parliament AFTER the GE has finished. This does not bode well especially in terms of perception overseas. Unethical is one word that comes to mind but maybe Anwar is just too greedy to wait till GE13. What would help? PR and BN should stop politicking and do what they were elected for: to work for the people and bring Malaysia forward. Reduce politicking and work your best. GE13 will come and we will again make our decisions then. I agree that the goverment has still much to do to improve our competitiveness. But they have done one thing exceptionally right which is increasing the fuel prices. This single act might cause us short term hiccups but will result in long term improvement in terms of increased efficiency and more careful spending.

It also doesn’t help that PR is STILL trying to wrest control of the parliament AFTER the GE has finished. This does not bode well especially in terms of perception overseas. Unethical is one word that comes to mind but maybe Anwar is just too greedy to wait till GE13.

What would help? PR and BN should stop politicking and do what they were elected for: to work for the people and bring Malaysia forward. Reduce politicking and work your best. GE13 will come and we will again make our decisions then.

]]> By: aiD_kamikuP http://blog.limkitsiang.com/2008/07/20/malaysia-more-uncompetitive-since-the-march-8-%e2%80%9cpolitical-tsunami%e2%80%9d/#comment-118883 aiD_kamikuP Tue, 22 Jul 2008 14:45:39 +0000 http://blog.limkitsiang.com/2008/07/20/malaysia-more-uncompetitive-since-the-march-8-%e2%80%9cpolitical-tsunami%e2%80%9d/#comment-118883 Error?? May be not. You might be right even in the first instance! Error?? May be not. You might be right even in the first instance!

]]> By: shortie kiasu http://blog.limkitsiang.com/2008/07/20/malaysia-more-uncompetitive-since-the-march-8-%e2%80%9cpolitical-tsunami%e2%80%9d/#comment-118871 shortie kiasu Tue, 22 Jul 2008 14:12:53 +0000 http://blog.limkitsiang.com/2008/07/20/malaysia-more-uncompetitive-since-the-march-8-%e2%80%9cpolitical-tsunami%e2%80%9d/#comment-118871 Corrigendum: "Investors" and NOT "Incestors" in line 3 in the above posting. Error regretted. Corrigendum:

“Investors” and NOT “Incestors” in line 3 in the above posting. Error regretted.

]]> By: shortie kiasu http://blog.limkitsiang.com/2008/07/20/malaysia-more-uncompetitive-since-the-march-8-%e2%80%9cpolitical-tsunami%e2%80%9d/#comment-118869 shortie kiasu Tue, 22 Jul 2008 14:11:06 +0000 http://blog.limkitsiang.com/2008/07/20/malaysia-more-uncompetitive-since-the-march-8-%e2%80%9cpolitical-tsunami%e2%80%9d/#comment-118869 We would not want to condemn the International Trade and Industry Minister, Tan Sri Muhyiddin Yassin, just as yet for his noble intention waiting for the incestors who exited from China. That is like waiting for 'durian runtuh'. Those investors who quited China would not come here, the said minister should realize, this country is never a lowest cost producer through the abuse, corruptions, red tape in the administration, inconsistency in policies, discriminating and selective implementation of rule and regulations. The domestic market in malaysia is extremely small compared to China. If an operation cannot survive in China and has to move out, it cannot surivive in a small market like malaysia. The minister must learn the basic economics to carry out his basic functions, lest be another laughing stock to the people and to the world at large. We would not want to condemn the International Trade and Industry Minister, Tan Sri Muhyiddin Yassin, just as yet for his noble intention waiting for the incestors who exited from China. That is like waiting for ‘durian runtuh’.

Those investors who quited China would not come here, the said minister should realize, this country is never a lowest cost producer through the abuse, corruptions, red tape in the administration, inconsistency in policies, discriminating and selective implementation of rule and regulations.

The domestic market in malaysia is extremely small compared to China. If an operation cannot survive in China and has to move out, it cannot surivive in a small market like malaysia. The minister must learn the basic economics to carry out his basic functions, lest be another laughing stock to the people and to the world at large.

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