Archive for July, 2018
R. Chander, first Malaysian Chief Statistician (1963-1977) praises Guan Eng for early statement on national debt and stresses urgency of coherent plan to manage Malaysia’s public sector debt
Posted by Kit in Economics, Finance, Good Governance on Monday, 2 July 2018
I have received an expert opinion on Malaysia’s public sector debt by Dr. R. Chander, the first Malaysian to hold the office of Chief Statistician of Malaysia (1963-1977) and who went on to serve as the Senior Adviser to the World Banks’ Chief Economist/Vice President from 1977 to 1996. Upon retirement from the Bank, he had served as interntional adviser to multiple international agencies and governments.
Dr. Chander said he was encouraged by the speed with which the Pakatan Harapan government had come to grips with the most pressing issues and praised the Finance Minister, Lim Guan Eng for making an early statement on Malaysia’s debt situation.
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Managing Malaysia’s Public-Sector Debt
Posted by Kit in Economics, Finance, Good Governance on Monday, 2 July 2018
By R. Chander
BACKGROUND
This note, in three parts, focuses on the public sector debt in Malaysia. Part I presents a brief overview of the manner in which the Najib administration approached the issue of public sector debt. Part II presents a summary view of the assessment made by the International Monetary Fund (IMF) in the course of the annual Article IV Consultations completed earlier this year. The IMF Report was critical of the manner in which debt reporting was conducted by the previous administration. Part III looks to the future and makes a number of observations concerning the most appropriate manner in which the new Pakatan Harapan government could better manage Malaysia’s public sector debt.
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Agree with new Wanita UMNO chief Noraini that Ermieyati who resigned from UMNO should resign as MP for Masjid Tanah to seek a new mandate, but the Constitution should be amended first to allow Ermieyati to re-contest in such a by-election
The new Wanita UMNO chief Noraini Ahmad has challenged MPs who quit UMNO to relinquish their positions as elected representatives and trigger by-elections.
So far, three UMNO MPs have announced their resignation from UMNO to become independent MPs, namely Masjid Tanah MP Mas Ermieyati Samsudin, Bukit Gantang MP Syed Abu Hassin Hafiz Syed Abdul Fasal and Bagan Serai MP Noor Azmi Ghazali.
Noraini said:
“The decision by the three MPs, particularly Mas Ermieyati, to become independent MPs, is clearly a betrayal of the people’s trust who had elected them as Umno and BN representatives.
“Wanita Umno would like to remind Mas Ermieyati and other BN representatives that their position as MPs is not due to themselves but a combination of hard work by the party machinery and the people’s trust in Umno and BN. Read the rest of this entry »
DAP wants Pakatan Harapan Government to succeed not just 50 or 500 days, but for 5,000 days – which means winning the 15th and 16th General Elections
Posted by Kit in DAP, PH Government on Sunday, 1 July 2018
We have just passed the half-way mark of the first 100 days in office of the Pakatan Harapan Federal Government in Putrajaya.
There are teething problems in the first 50 days of the Pakatan Harapan government, whether at the federal level in Putrajaya or in the eight state governments involving Pakatan Harapan – namely Penang, Selangor, Kedah, Perak, Negri Sembilan, Malacca, Johore and Sabah – but we must always maintain a positive mindset that we want the Pakatan Harapan governments to suceed.
We not only want the Pakatan Harapan government to suceed in first 50 or 500 days but for 5,000 days – which would mean for more than two terms of five years each and the Pakatan Harapan winning the 15th and 16th General Elections!
This is a tall order as the reimagining and remaking of a New Malaysia is not meant for timorous souls but for courageous Malaysians who dare to dream big dreams for Malaysia to be a world top class nation in several fields of human endeavour by leveraging on our unique assets that come from the diversity of the races, religions, languages and cultures that constitute Malaysia. Read the rest of this entry »
Najib’s strategists have vindicated themselves – managed to win in the UMNO elections yesterday after they had been given a drubbing in the 14GE though it is likely to be a pyrrhic victory
Posted by Kit in Najib Razak, UMNO on Sunday, 1 July 2018
Datuk Seri Najib Razak’s highly-funded strategists have at least vindicated themselves – managed to win in the UMNO elections yesterday after they had been given a drubbing in the 14th General Election though it is likely to be a pyrrhic victory.
As if to drive home the point that Najib is still a force to be reckoned with in Malaysian politics, Najib’s strategists went “for the kill” to deliver the message after the UMNO elections results were known last night that Najib is still the leading force in UMNO politics and to set the UMNO agenda in post-14GE with the statement on the pertinence and sagacity of Najib’s “bastardised” Malays prediction three years ago. Read the rest of this entry »
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