'Good times are back'
The country’s economic growth is expected to have reached or exceeded the 5.8% target for 2006, and the Government is confident the stock market rally can be sustained as well.
So said Second Finance Minister Nor Mohamed Yakcop.
Last year, Malaysia’s total trade volume has surpassed the magical trillion ringgit mark to a record RM1.069 trillion, a 10.5% rise over that in 2005. The historic figure reflected the increased trade flow. where exports totalled RM588.949 billion last year while imports stood at RM480.493 billion.
So said a statement issued by the Prime Minister’s Office.
Now, show us the money.
So said the rakyat.
(Rakyat who still dream of improved public transport, higher tax rebates for children's higher education, incentives for personal re-education for masters/PhD degrees, incentives for technopreneurs, income tax rebates for web-hosting of personal blogs etc... dream on as your dreams get sweeter. Good times are back. London gets a facelift, for a start.)
Joe Public told me it's not about an economy that has to improve in tandem to current trends in neighbouring countries. It's about how you spend the excesses for and on the rakyat. that counts.
In other words, good times are back but for whom?
Comments
Our politicians here are famous for the Iraqi Information Minister's mouth disease. Remember Noh Omar's "I didn't ask foreigners to leave..."?
The fact is, we are going nowhere being stucked in middle. We are not as cost effective to go for manufacturing. We don't have the brains for innovation in Science and Tech. Even in "kangkung" economy, we are lacking behind in research and development.
Just look at the standard in our education system and you can see where this country is heading.
They say figures don't lie. When honest researchers present the numbers, government choose to say those numbers do lie.
Why do they even panic at those facts? It's not hard to figure out whose pockets they are protecting.
If all are so good, lets see to it that our education ministers children be educated in Sekolah Kebangsaan and local universities.
Don't just talk.
Posted by: azk![[TypeKey Profile Page]](http://www.jeffooi.my/nav-commenters.gif)
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February 9, 2007 10:29 AM
Jeff, in the current Barisan Nasional super-bloated XXL sized cabinet -
Discontent, envy, jealousy and back-stabbing looms when the different ministries find they do not have enough to eat from mega-mammoth projects.
So, the BN government is very fair, justice and balanced. All ministry will have their own pet projects whether locally or overseas.
From London, rakyat does not know where the money trail leads to. Offshore incorporation to siphon off more money?
Bank Negara Malaysia do not even need to in one swoop hastily and stupidly illegalize forex trading to protect the RM. These RM just flows out like these for the London project.
Is it really worthwhile? Where is the expected ROI? Show us, rakyat, the money and benefits of these?????
GETTING MORE AND MORE DISILLUSIONED.
Posted by: aku anak malaysia![[TypeKey Profile Page]](http://www.jeffooi.my/nav-commenters.gif)
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February 9, 2007 08:00 PM
Yes good times are back but are OSA – Often Selectively Applied. In the Universities, research grants and funds are easily available for these OSAs with potential. On such smart Professor spent 10 years (funded under IRPA (Intensive Research in Priority Area, Ministry of Science & Technology Malaysia) Program researched “his pot of gold”, resigned and turned entrepreneur (with perhaps millions of taxpayers money in research) founded his Pharmaceuticals company and reaping the profits. Where are the Government returns on such investment? More details of this from:
http://powerpresent.blogspot.com/2007/02/more-pics-upm-wasting-money-studying.html
And also how UPM is going to rear Guppy fish to fight mosquitoes!
Posted by: mwt![[TypeKey Profile Page]](http://www.jeffooi.my/nav-commenters.gif)
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February 13, 2007 08:46 PM