Monday, July 26, 2010

Malaysian economy | botched, broken or band-aidable?


What's with our economy?

It's architect Prime Minister Najib Razak said, if we grew at a constant of 6% GDP, we'll be home and dry in 2020. He did qualify his statement though, that if those figures are not there, we'll be kaput.

With growth stifled and the bureaucracy software riddled with UMNO and BN spams, we sure have "spam-a-lot". United Nations report for 2009 fingered Malaysia with a FDI reduction at 81%. Why are foreign investors treating us like we got leprosy? Najib's kid brother Nazir, who for want of something to do and who manages CIMB, the Government's bank, says it's not necessarily a bad idea. He pointed out that we grow other countries, like Indonesia who is already doing quite well, vis-a-vis FDI figures.

PAS' Dr Dzulkifly says, you can't treat our not-so-well economy with band-aid. He didn't in minute details prescribe how we might shed the "corrupt" and the "kurap" image, but you get the idea, the economy has got to go under the knife. The cancer within has got to be cut out. It's not enough for Najib, the PM to pretend, he can stick plasters over the rot.

He botched the whole thing. No matter how much you spin on it, it's a botched job and BN has to go!

Maybe Sarawak can bail out Malaysia? Sarawak with it's narrow rivers (Sayang Sarawak Sungainya Sempit) might not, although Chief Minister Abdul Taib Mahmud, will try and convince the world with Halal ideas. He should be speaking at Oxford's Said Business School today Monday 26 July, 2010, to try and sell Sarawak.


Related info |

No comments: