Posts tagged ‘epf’

March 24, 2012

Malaysia Spiraling Out of Control?

Our Deputy Finance Minister, Awang Adek Hussin, told us in Parliament that we don’t have to worry about our national debt even though we are 2% shy of the theoretical threshold.

“It is not at a critical level at the moment. Our limit or threshold is 55 percent of the Gross Domestic Product (GDP), we are now at 53 percent. So you don’t have to worry about it,” he said during Question Time in the Dewan Rakyat today. (read here.)

Such is how our Government is explaining all the worrisome signs of a severely ailing economy. The Government still thinks Malaysians are the dumbest people around and will swallow everything they tell us. On the contrary, Malaysians have come of age and know what is fact and what is fiction and most of all, what is sheer baloney!

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October 26, 2008

Economic Problems Felt, Umno Politics Takes Front Seat

Today‘s NST front page:

KL Composite Index loses 3.6% to 859.11 … analysts say the markets haven’t seen the worst yet … the Malaysian market is not an exception.  The shares are oversold.  They no longer reflect their values.  We now have plenty of cheap, quality and undervalued stocks … but expect it to fall further next week,” a local dealer said.

This 32.2 points down is the KLCI lowest in 4 years.  We don’t want to be duped and lulled into a dream that Malaysia is not in a problem state.  At the same time, we should not be doomsday prophets either.  We just need to be honest and do something about the economy NOW!

But is the Government SEEN to be doing much?  We’ve been hearing a lot about not to worry but economics is not requiring counselling.  The Malaysian economy requires definite strategies and actions.  But is there any?

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