Archive for category Economics

Anwar should present the Madani Economy Plan to week-long meeting of Special Parliament in September for parliamentary sanction

The Prime Minister, Anwar Ibrahim, should present the Madani Economy Plan to the week-long meeting of Special Parliament next month in September.

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Cabinet silence meant Cabinet cowardice and irresponsibility yesterday in not issuing any directive to freeze all increases of salaries and allowances of GLCs and GLICs top executives until economic recovery and to sack GLC and GLIC nominees who violate the Cabinet directive?

(Versi BM)

Cabinet silence meant Cabinet cowardice and irresponsibility yesterday in not issuing any directive to freeze all increases of salaries and allowances of GLCs and GLICs top executives until economic recovery and to sack GLC and GLIC nominees who violate the Cabinet directive?

This is a great disappointment and show the limitations of Ismail Sabri as Prime Minister of Malaysia. Read the rest of this entry »

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Ismail Sabri shamed by obscene increase of allowances of FGV Holdings Chairman and Directors to do a U-turn on chicken ceiling price but this is still grossly inadequate

(Versi BM)

The Prime Minister, Ismail Sabri has shamed by the obscene increase in the allowances of FGV Chairman and Directors to do a U-turn on chicken ceiling price and to announce that the government will not allow any increase the water and electricity tariffs in Peninsular Malaysia, but this is still grossly inadequate.

The U-turn cannot justify the obscene increase in the annual allowances of FGV Holdings Bhd Chairman to RM480,000 from RM300,000 and the increase to RM150,000 from RM120,000 for the six Board directors, and I reiterate my call to the Cabinet next Wednesday to issue a directive to freeze all increases of salaries and allowances of Government-linked companies (GLCs) and Government-linked Investment Companies (GLICs) and to sack GLC and GLIC nominees who violate the Cabinet directive.
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Call on Cabinet next Wednesday to issue directive to freeze all increases of salaries and allowances of GLCs and GLICs until economic recovery and to sack GLC and GLIC nominees who violate the Cabinet directive

(Versi BM)

I call on the Cabinet next Wednesday to issue a directive to freeze all increases of salaries and allowances of Government-linked companies (GLCs) and Government-linked Investment Companies (GLICs) and to sack GLC and GLIC nominees who violate the Cabinet directive.

The Cabinet directive should be presented to Parliament on July 18 for parliamentary sanction.
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There should be a ten-year plan to undo the deviations and injustices of the NEP and the curse of corruption which are the major causes for Malaysia losing out to other countries in the past half-a-century

The 23-month Covid-19 Pandemic should be a wake-up call to Malaysians that in the last half-a-century, Malaysia had been failing to live up to our potential whether in talents or resources, and one nation after another is overtaking Malaysia whether in terms of international competitiveness, good governance, the fight against corruption or providing an effective and successful government.

We must pull ourselves up by our bootstraps and stop regressing and work to fulfil our promise to be a world-class great nation. Read the rest of this entry »

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PM Ismail Sabri should reply to the devastating indictment of the 12th Malaysia Plan by Ramesh Chander and Lim Teck Ghee, two Malaysians who had distinguished themselves in their services with World Bank, when winding-up the parliamentary debate on the 12th Malaysia Plan on Thursday

(Versi BM)

Two Malaysians, Ramesh Chander and Lim Teck Ghee, who had distinguished themselves in their services with the World Bank, have jointly made a devastating indictment of the 12th Malaysia Plan describing it as “Three Steps Backwards”.

Ramesh was formerly Chief Statistician of Malaysia while Teck Ghee was formerly senior official of the United Nations and the World Bank.

They believed that the 12th Malaysia Plan, if implemented as currently presented, is likely to be a “self-inflicted wound” that will “adversely alter the trajectory of the country’s socio-economic growth and heighten the likelihood of Malaysia becoming further entrapped as a middle income economy, with a clear risk of going backwards in Malaysia’s development and prosperity”.
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12th Malaysia Plan: Three Backward Steps

Press Release by Ramesh Chander and Lim Teck Ghee *

The 12th Malaysia Five Year Plan tabled in the Dewan Rakyat by the Prime Minister is replete with claims of its policies and programs being “game changers”, “catalysts for….”, “enablers” ,etc However, our scrutiny of the document together with the speech by Dato Seri Ismail Sabri, leaves us deeply disappointed as we fail to discern specific policies that qualify that description.

We call the attention of the Government, policy makers and other stake players and holders to the following 3 key longstanding stalled issues that necessitate rethinking and an entirely different set of policy initiatives if the Plan is to meet its goals of a high income country with inclusive and sustainable growth. Our concerns are echoed in part by the Leader of the Opposition, Dato Seri Anwar Ibrahim, and a host of other respected commentators.

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#kerajaangagal154 – Muhyiddin must take quick action to address the “White Flag” phenomenon before Malaysia becomes a “White Flag” country with a “White Flag” government

It is no use denying the “White Flag” phenomenon as is the line adopted by PAS Ministers and leaders with one PAS Mentri Besar dismissing the #BenderaPutih (white flag) campaign as “political propaganda” while other government leaders, like the Minister of Local Government and Housing and the Minister for Women, Family and Community Development saying nice things about the movement while trying to co-opt it.

If the White Flag online campaign is “political propaganda”, it must the first time in Malaysia that such a “political propaganda” does not involve political parties, and should be fully encouraged. Read the rest of this entry »

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#kerajaangagal144 – It’s the height of international humiliation when Muhyiddin was announcing RM150 billion Pemulih package on live telecast, Bloomberg was broadcasting to the world that Malaysia has fallen to a catastrophic 51st position in the June 2021 Bloomberg Covid Resilience Ranking

(Tatal ke bawah untuk kenyataan versi BM)

It’s the height of international humiliation that when the Prime Minister, Tan Sri Muhyiddin Yassin was announcing the RM150 billion PEMULIH package on live national telecast, Bloomberg was broadcasting to the world that Malaysia has fallen to a catastrophic 51st position in the June 2021 Bloomberg Covid Resilience Ranking out of 53 economies of more than US$200 billion.

In January this year, when emergency was declared on January 11 to combat the Covid-19 pandemic, we were ranked No. 16 in the January 2021 Bloomberg Covid Resilience Ranking. Read the rest of this entry »

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How can we rekindle and re-motivate the hope and inspiration in the Malaysian Dream for the country to be a world-class great nation by ensuring that the 15th General Election to fulfil the high but dashed hopes of the 14th General Election for reform and salvation?

Since the launching of the Theatre Impian in Bukit Jalil, Kuala Lumpur last Sunday, I have been waking up at 3 am, 4 am or 5 am with the question how can we rekindle, re-inspire, re-energize and re-motivate hope and inspiration in the Malaysian Dream for the country to be a world-class great nation by ensuring that the 15th General Election fulfil the high but dashed hopes of the 14th General Election for reform and salvation?

How do we restore the hope and the inspiration in the 14th General Election when Malaysians at home and abroad made the superhuman effort to ensure that their every vote counted and stood tall in the world by performing the political miracle of effecting a peaceful and democratic transition of power for the first time in six decades? Read the rest of this entry »

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Malaysia is losing out on private investment because the effort to pursue the Malaysian Dream has slackened in the past year

(Tatal ke bawah untuk kenyataan versi BM)

I was very happy yesterday for my hopes that in March itself Malaysia can break the four-digit daily increase of new Covid-19 cases have come true following the report that the latest daily increase of new Covid-19 cases was 941, the first time new daily increase of cases had fallen below the 1,000 mark since Dec. 9 – falling on the third last day of the month.

But we have still not brought the third wave of Covid-19 pandemic in Malaysia – already one of the longest Covid-19 waves in the world – under control, and my hope is that we can reduce the triple-digit daily increase of new Covid-19 cases to double-digit figures next month in April. Read the rest of this entry »

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The first month of 2021 has torn Muhyiddin’s New Year Message into smithereens and turned his five priorities for an integrated Covid recovery into dead promises

(Tatal ke bawah untuk kenyataan versi BM)

The first month of the year 2021 has torn the Prime Minister, Tan Sri Muhyiddin Yassin’s New Year Message into smithereens and turned his five priorities for an integrated Covid recovery into dead promises.

His first priority to “improve public health through the procurement of Covid-19 vaccines with the launch of a nationwide vaccination programme” had been pulverised by two events:
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Special Parliament on the Covid-19 pandemic to work out a strategy for Malaysia to get out of the slippery slope to a failed state in a post-Covid world

(Tatal ke bawah untuk kenyataan versi BM)

In his live New Year message, the Prime Minister, Tan Sri Muhyiddin Yassin listed five priorities for the year 2021 in an integrated national recovery strategy post Covid-19.

The Fourth Priority is to “Uphold the country’s sovereignty and strengthen Malaysia’s position on the world stage”.

If we are serious about this priority, then Parliament must be convened in a Special Session on the Covid-19 pandemic to work out a strategy to get Malaysia out of the slippery slope to a failed state in a post-Covid world. Read the rest of this entry »

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Malaysians need a new national consensus after six decades of nation-building to be a world-class great nation and to better prepare for a pandemic economic recovery

(Tatal ke bawah untuk kenyataan versi BM)

It gives me no pleasure or satisfaction to forecast Malaysia’s overtaking China or that we will exceed the 100,000 mark for cumulative total of Covid-19 cases by Christmas tomorrow and to be proved right for these are sad and dishonourable milestones for Malaysia.

But with Malaysia recording an average of 2,000 Covid-19 new cases daily, the cumulative total of Malaysia by the end of January, February and March 2021 are likely to be 175,000, 230,000 and 300,000 Covid-19 cases respectively. Read the rest of this entry »

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Parliamentary calendar should be adjusted to allow for a motion of confidence as a result of Fitch Ratings downgrade to be debated before the 2021 Budget is voted on December 16

(Tatal ke bawah untuk kenyataan versi BM)

The call by the Pakatan Harapan (PH) presidential council for a confidence motion on the Prime Minister, Tan Sri Muhyiddin Yassin, following the Fitch Ratings downgrade on Malaysia’s sovereign credit rating should be supported by all Members of Parliament, including from the Perikatan Nasional government MPs.

The Fitch Ratings downgrade cannot be simply ignored by the government and Parliament as the credibility and legitimacy of Muhyiddin as the eighth Prime Minister and his jumbo-sized Cabinet are at stake and they can only be secured whether by a confidence or no-confidence motion, so that the appellation of the Muhyiddin government as a “backdoor” government can be put to rest.
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Fitch’s downgrade is an indictment of Muhyiddin’s 2021 Budget

(Tatal ke bawah untuk kenyataan versi BM)

Fitch’s downgrade of Malaysia’s long-term foreign-currency issuer default rating (IDR) from A- to BBB+ is an indictment of the 2021 Budget presented by the Finance Minister, Tengku Zafrul Abdul Aziz to Parliament early November.

I have read the Fitch Report and the statement from the Minister of Finance. Read the rest of this entry »

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Government should adopt a flexible and nimble policy and approach to deal with Covid-19 pandemic and not a “one size fits all” situation

The Covid-19 pandemic chalked up four dubious records in the world in the past 24 hours:

(i) Achieving a single-day increase global record for Covid-19 cases as it registered 300,474 new Covid-190 cases, the first time daily new infections have breached the 300,000-mark;

(ii) Global cumulative total of Covid-19 infections breached the 27 million mark and stands at present at 27,069,983 cases;

(iii) Russia joins United States, Brazil and India to be the fourth country in the world with a cumulative total of over a million cases, viz: Read the rest of this entry »

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Is Muhyiddin afraid that the Penjana economic stimulus package in the war against Covid-19 would be rejected by Parliament if it was presented to Parliament for approval?

The question uppermost in most minds is why the Prime Minister, Tan Sri Muhyddin Yassin, had not presented the Penjana economic stimulus package in the war against Covid-19 to Parliament for approval?

Is he afraid that the Penjana economic stimulus package would be rejected by Parliament if it is presented to Parliament for approval?

Muhyiddin has again made infamous parliamentary history in the lockdown of Parliament instead of presenting the Penjana economic stimulus package to Parliament for oversight, scrutiny, debate and approval. Read the rest of this entry »

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Trump is the worst world leader in fighting the invisible war against Covid-19 with United States exceeding 100,000 deaths but Malaysia must not join the gallery of rogue nations by locking down Parliament and paralysing parliamentary oversight and scrutiny during the pandemic

Spain has declared 10 days of mourning starting today for the 27,000 people who have died from coronavirus in the country.

Flags will be hoisted to half-staff in more than 14,000 public buildings across the country and on Spanish naval vessels until 5 June. It marks the longest official mourning period in Spain’s four-decade-old democracy.

By the same standard, the United States should hold 40 days of mourning for over 100,000 people have perished from the Covid-19 pandemic as according to the Worldometer’s Covid-19 Data, United States has recorded 1,725,273 Covid-19 confirmed cases and 100,545 deaths in the United States.

But this is impossible, as United States President Donald Trump is the worst world leader in fighting the invisible war against the Covid-19 pandemic. Read the rest of this entry »

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Call on Muhyiddin to announce a May Day economic stimulus package for businesses, households and individuals with the extension of the MC0 to May 12, with emphasis to protect workers from being retrenched or having their salaries reduced

Seruan supaya Muhyiddin mengumumkan satu pakej ransangan ekonomi untuk perniagaan, isi rumah, dan rakyat, memandangkan PKP dilanjutkan sehinga 12 Mei, dengan penekanan kepada pelindungan pekerjaan untuk mengelakkan para pekerja daripada dibuang kerja atau dipotong gaji

Perdana Menteri Tan Sri Muhyiddin Yassin harus mengumumkan satu pakej ransangan ekonomi Hari Buruh untuk perniagaan, isi rumah, dan rakyat, memandangkan perintah kawalan pergerakan yang dilanjutkan sehingga 12 Mei, dengan memberikan penekanan kepada pelindungan pekerjaan dan pendapatan pekerja daripada dibuang kerja ataupun dipotong gaji.

Pihak kerajaan seharusnya berasa bimbang dengan pengumuman penutupan perniagaan, seperti hotel-hotel besar di Pulau Pinang, Ipoh, dan Melaka. Read the rest of this entry »

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