Archive for September 30th, 2012
by Liew Chin Tong
Sept. 30, 2012
Barisan Nasional paraded its “55 years” of track record” in “fulfillment of promises” – Janji Ditepati – during the Prime Minister Najib Razak’s recent roadshows and on National Day 2012.
One would expect a government with such a long experience in office would have long term strategies for the nation. Unfortunately, apart from arguing that i) change of government is not good for the economy and ii) that it is better to elect the known devils than the unknown angels, BN offers very little beyond the status quo.
BN’s economic platforms today can be summed up as follow:
1) Criticising Pakatan Rakyat’s economic policies as populist (while not offering concrete economic policies and strategies);
2) Offering more handouts to win the general election (which will cost billions of ringgit);
3) Preparing to introduce Goods and Services Tax (GST) after the general election (GST means every single person in Malaysia will be taxed).
Sep 28, 2012
Over the past few years, the government has been able to increase its budget tremendously to achieve record expenditures annually.
This has allowed the government to prop up the economy as we face challenges in attracting private investments, as well as a drop in our trade contributions.
However, Budget 2013 has projected an increase of only 0.7 percent (2012: 11.8 percent; 2011: 16.1 percent) in projected revenues from RM207.2 billion to RM208.6 billion in 2013.
This is the slowest projected increase in the tabled budget since 1999, barring the global financial crisis in 2009.
Consequently, the government is forced to table a smaller budget than the prior year. The proposed operating expenditure has been reduced by 0.3 percent from RM202.6 billion to RM201.9 billion, while the development expenditure is also reduced from RM46.9 billion to RM46.7 billion or 0.4 percent.
The marked decline in revenue growth will have a very significant impact on the government’s ability to impact growth in the Malaysian economy through fiscal means.
The fact that we have not been able to reduce our budget deficit below four percent over the past few years reflects the years of wasted opportunities, where we have failed to curb our expenditure through reduced wastage, abuses and corruption. Read the rest of this entry »
— Aspan Alias
The Malaysian Insider
Sep 30, 2012
30 SEPT — Najib Razak adalah Perdana Menteri pertama yang menjadi ketua negara yang tidak mendapat mandat kepimpinan beliau dari rakyat walaupun sesudah menjadi PM selama empat tahun. Beliau hanya meneruskan mandat Abdullah Badawi dan ini sudah cukup menunjukkan yang Najib menjadi PM dengan meminjam mandat Abdullah Badawi dahulu sahaja.
Najib memangnya tidak pernah di uji dalam kepimpinannya. Beliau selama ini mendapat kedudukan secara percuma dengan bermain dengan sikap “play safe” dan tidak pernah melalui ujian melalui krisis besar dalam kepimpinannya.
Najib mendapat segala-galanya dengan percuma dan menaiki kedudukan sekarang melalui permainan selamat dan tidak menunjukkan sikap tegas dalam mana-mana krisis yang telah dilalui oleh Umno.
Najib bermain politik mengikut resmi air, “di mana lekok di situ dia berhenti dan berkumpul”. Dia tidak pernah menentang arus semasa perlu menentangnya. Beliau akan sentiasa mengintai untuk memihak “the buttered side of the bread”.
Kali ini beliau telah berjaya menjadi Perdana Menteri dengan permainan selamat itu, tetapi sekarang sudah sampai waktunya beliau untuk membuat keputusan yang “decisive” untuk negara.
Tetapi malangnya beliau begitu lembek dan tidak berupaya melakukan apa yang sepatutnya beliau lakukan dalam krisis keyakinan rakyat yang sedang beliau lalui sekarang ini. Krisis keyakinan rakyat ini di tambah pula dengan masalah dalaman yang sedang dihadapi oleh Umno iaitu masalah keyakinan kepimpinan di bawah-bawah beliau serta ahli Umno keseluruhannya. Najib tidak mendapat dukungan padu dari barisan pimpinan Umno diperingkat tertinggi dan ahli-ahli Jemaah Kabinet yang bersama-sama membarisi kepimpinan dalam kerajaan. Read the rest of this entry »
If Najib really believes that PR’s Buku Jingga is “not worth the paper it’s printed on”, he should stop shying away from a debate with Anwar and agree to have one within a fortnight
At the 44th Gerakan national delegates conference in Kuala Lumpur today, the Prime Minister, Datuk Seri Najib Razak made two remarkable statements, viz:
• That the Pakatan Rakyat’s Buku Jingga is not worth the paper it is written on; and
• That Pakatan Rakyat is not a credible alternative to Barisan Nasional.
Both assertions are easily disposed of, viz:
Firstly, if PR’s Buku Jingga is not worth the paper it is written on, then why is Najib shying away from a public debate with Datuk Seri Anwar Ibrahim which would give him the opportunity to tear both Anwar and PR’s Buku Jingga “to pieces”?
Secondly, if Pakatan Rakyat is not a credible alternative to BN, why he keeps postponing calling for the 13th General Election, keeping the country on an election-mode for the longest period under any Malaysian Prime Minister – even to the extent of gaining the dubious record of being the Prime Minister without an elected mandate of his own for the longest period when compared to all the previous four Prime Ministers after Tunku Abdul Rahman, including his father Tun Razak, Tun Hussein Onn, Tun Mahathir and Tun Abdullah? Read the rest of this entry »
— Lim Guan Eng
The Malaysian Insider
Sep 30, 2012
SEPT 30 — Even though many goodies where announced during yesterday’s Budget 2013 speech by Prime Minister Najib Tun Razak, this budget has failed the Malaysian people by not addressing three crucial areas which are necessary to guarantee the long term well-being of our country and its people — namely fiscal prudence, economic sustainability and cost of living increases.
Firstly, even though the budget deficit is projected to come down from 4.5 per cent in 2012 to a ‘mere’ 4.0 per cent in 2013, this figure masks the poor track record of the BN government in sticking to its spending plans.
For example, total expenditure for Budget 2012 was announced at RM232.8 billion in last’s year’s budget speech. But in this year’s Economic Report 2012 / 2013, total expenditure for 2012 is projected to total up to RM252.4b.
This is almost RM20b more than the projected expenditure announced last year. We were fortunate that projected revenue is expected to be RM207 billion for 2012, RM20 billion more than the RM186.9 bilion projected revenue announced last year. Without this tax ‘windfall’, our budget deficit would have ballooned up to 6.7 per cent of GDP rather than the projected 4.5 per cent for 2012.
But we cannot expect that actual revenue will continue to exceed projected revenue especially given the slowing global economy. Furthermore revenue from oil related tax revenue is likely to decrease given the change in the dividend policy of Petronas as well as political uncertainty in Southern Sudan which could decrease Petronas’s bottom line by as much as US1 billion. Read the rest of this entry »
— May Chee
The Malaysian Insider
Sep 29, 2012
SEPT 29 — The first part of the topic above is my belief; the second is espoused by our honourable Prime Minister himself. I mean what I say and I hope he does, too.
The Malaysian New Education Blueprint unveiled recently has promised to depoliticise the education system, vowing equal opportunities for all. Hmmm…I like how it sounds.
Now, I’ve nothing against those who support the MBMMBI. I do understand that our national language is important to us Malaysians, being the medium of communication that unites. In fact, being an advocate of PPSMI does not bring one in direct conflict with MBMMBI. I believe PPSMI can aid the noble aim of MBMMBI.
Though English is the dominant global language, it should not dominate every sphere of our lives. That’s why both PPSMI and MBMMBI can complement each other. We know for a fact that those who want to write for a world audience, e.g. to gain international recognition; need to have their efforts published in English. Though these works have a better chance of being published in their mother tongue in their homeland, but for a global audience, these efforts have to be translated into English. Read the rest of this entry »