Media Statement by Dr Chen Man Hin, DAP Life Advisor in Seremban on 14th November 2009
To achieve high income status for the people of malaysia requeires a revolutionary policy and full support from the people.
PM Najib stated that his intention was to raise the present per capita income of US$7,000 to US$17,000 by the year 2020, assuming that the GDP increases on an average of 9% a year.
Later he revised his targets after realising that the targets were unrealistic. His new estimates were a 6% GDP growth annually and achieve per capita income US$13,000 in 2020.
What are the prospects of achieving a pci of US$13,000 by 2020? Dim.
Historically, it would be near impossible. In 1957 at independence, Malaysia enjoyed a pci of about US$500, the second highest in Asia after Japan. In 2008, Malaysia pci was US$7,000. It took 51 years to reach US$7,000. Year 2020 is 11 short years away to reach US$13,000, when it took 51 years to reach US$7,000.
If PM Najib has a revolutionary policy and inspire the entire nation to rally and work exceedingly hard, the objectives might be achievable.
I do not see the government wholly committed to full liberalisation of the economy which would attract foreign and local investors to bring in more FDIs into the country. Investors are not convinced that the lukewarm reforms by the Prime Minister are liberal enough for them to bring in their cash for investment. Statistics show that FDIs for the first half of this year are very much lower than the FDIs in the first half of last year.
Although the reforms to revoke the NEP were announced, in practice there is still a 121/2 per cent bumiputra allocation. Moreover the NEP attitude. The NEP machinery and regulations and NEP dependence are still evident and practised.
PM needs reminding that NEP was the major factor that cause Malaysia’s economy to fall behind South Korea, Taiwan, Hong Kong and Singapore. Note the pci of US$18,000 for S.Korea, US$17,000 for Taiwan, US$34,000 for Hong Kong and US$34,000 for Singapore. Malaysia with a pci of US$7,000 is way behind. The reluctance of PM Najib to do away with the NEP will the doom for all his so called reforms.
Corruption is another factor which will hamper PM Najib to grow the economy faster. Many investors feel that corruption adds to the cost of investments, and would make their investments risky.
PM Najib has a herculean task ahead of him. His reforms have to be more fundamental and drastic. Putting up a show of reforms will not make Malaysia a high income country.
Dr Chen Man Hin
DAP Life adviser
Our PM is ONLY good for cock and bull.
ONLY good for cock and bull, PLUS c4ing mongolian translator. And also stealing Perak from the wishes of the Perakians.
I think Najib still haven’t wake up from his dreamland….
if 2009=US7000, 2020=US17000
then, in 2012, the expected achievement should be about US9700 at present dollars.
assume that the next GE would be in 2012, and if malaysia still not able to reach US9700,the whole bn cabinet should collectively resign and announce not to contest in that GE for the shame of undelivered promise to the people.
maybe nr is expecting the world to end on 2012!
1 RM = 2,767.67550 Rupiah
By adopting the Indons’ currency, our great Finance Minister will ensure that a malaysian earning RM5,000 a month will achieve a “high” income of 13,835,675 Rupiah a month. Overnight, the country will be full of million-rupiahaires.
We do not give a shit to what the PM says.
UMNO/BN have completely lost credibility. Nothing can salvage it back.
Look at the oveall qualifications of his over-size cabinet and one would realize what Jib said was all bulshits and lip service.
BTW, have you guys read MT’s ” A Bridge too far”?
http://www.malaysia-today.net/index.php?option=com_content&view=article&id=28513:a-bridge-too-far&catid=22:the-corridors-of-power&Itemid=100085
Even Najib knows that that this CPI target of USD 13,000 is an impossible dream.
But he is only trying to fools the gullible Malays in the kampongs who traditionally support UMNO.
BN is hampering the growth in the Pakatan states, so how the hell is he going to realize this dream.
Najib is con-man.
The CPI target of USD17,000, Jib is referring to UMNOputras only. WAKE UP YOU GUYS !!!!!
For starters, confiscate and auction off the assets of Bintulu Tiong, Chan KC, Ling LS, Phang OC, ect. Each and every malaysian will be able to RM12.5 billion/25 million = RM500
In this country called Malaysia, or Bolehland, everything is under the control of UMNO which has no penchant for advancing the country economically. Everything is tied as according to their political interest. For their political interest even the word “Allah” is banned in the bible. Can you imagine that. The NEP is an obstacle to the country to progress economically, and they know about it but for their political interest they are prepared to sacrifice the country and the well being of the people and Najib’s forcast will only hold good if he can disband the NEP which I think will never happen as long as UMNO is the Govt. He can say what he likes but so long as the “yin and yang” do not balance we will be like a tilted boat racing with other well balanced boat. Can Can a tilted boat sail as fast as a well balanced boat? Hope Najib can find an answer to this before he talk cock of the pci
today’s headlines both MCA and MIC boasting about their rehabilitation and the fact that they are already achieving their targets. Geez man, do they take us as little children who believe there is a boogey man? Clowns!
The NEP machinery and regulations and NEP dependence are still evident and practised.
===============================================
There is no way the Prime Minister can abolish the NEP. If he does that, he will not get the support of the Malays and he will lose his position.
Najib has to juggle between Malay support and economic growth in order to keep his job!
A per capita of income of US$17,000 by the year 2020 will still not make Malaysia a developed country as the nation is unlikely to be able to achieve a Human Development Index of 0.902 by then. Countries with Human Development Index of below 0.902 are considered as developing countries. Malaysia had a Human Development Index of 0.829 in 2007.
http://en.wikipedia.org/wiki/List_of_countries_by_Human_Development_Index
fastest way to reach high income is to peg 1 ringgit equal to 2 british sterling pounds
correction, fastest way is to once again blow up someone with c4, it works for najiz.
i have a feeling there must be some hidden conspired issues back in ’69 that led to the racial massacres, during the tenure of his dad….the curse may have manifested his fatal disease and further worked itself into his son and thus all the x-files we’re hearing about him now. what a terrible blow to a young nation wit so much potential managed by such a leader.eeerriee
C + 4 = C4
Year 2020: RM 1 = 1 Rupiah
jobs and minor contracts are getting lesser by the day,this works are taken away by the indons and banglas.Mr Lim,please do something about this.
I wouldn’t dignify Najib’s rubbish talk with an analysis of his ridiculous forecast. It would be heaven-sent if he doesn’t send mALAysia to hell!
I think Najib’s message so far parallels Orwell’s Animal Farm: ” All animals are equal but the pigs are more equal than all the others.” For context, read George Orwell’s Animal Farm, a masterpeice satire on the injustices of a police state and dictatorial regimes.
If anyone can trust Najib and UMNO, then we can all trust Mugabe and Mahathir.
If you can believe that forecast, then pigs will be able to fly.
Methinks pigs will fly before Malaysia attains developed nation status unless the BN government is retired.
YB
The maths of it is quite simple.
In order for PCI to rise from $7,000 to $17,000 by 2020 (10 years), the compounded growth rate would have to be between 9%-10% per year.
So, PM Najib would have to think if this is achievable given our size and economy.
It’s obvious we will have to move mountains and have an entirely new economy to achieve these numbers. I don’t think this UMNO/BN Govt has a clue how to re-engineer our economy to achieve such numbers!!
dpp
We are all of 1 race, the Human Race
In his budget speech he said we will achieve 9% growth….and hours later..he changed it to 6%.
In the recent Asian meeting ..he said Malaysia will achieve 5% growth.
As you can see…he contradicted himself on such an important issue…making us suspect he knows next to nothing about economy and take the cue from advisers.
This man knows only the art of fooling Malaysians…yet the art is not an art at all.
It is stuff into our throats….to believe everything said or done by UMNO are all good….with complete shut off freedom of speeches and second opinions in papers and medias.
It’s dangerous mind programing methods…that only a cruel and dictatorial government will do to his people.
Saturday Star papers .you will see 3 photos…of DPM..riding on motor bike..headline photo to flood area…carrying a crying child and talking to an old lady in griefs.
Bala reappeared and spoke again after 14 months absence …..not important.
Therefore….it is only fools will believe whatever Najib said or do or promises…whose all actions are all for fishing votes..nothing else.
One cannot escape lies and deceits…by Malaysians daily lives….are better or worst.
If we are going backwards or standing still…no progresses for years…..how on earth are we going to catch up with others..by year 2020?
Who is Najib trying to fool..all the time…uneducated Malaysians…farmers fishermen ..low class teachers ..and taxi drivers and govt. clerks?
Their children are well educated….and parents will trust children more than anyone.
Will his slogans aimed to fool young voters work?
Yes mind control may work…but it is balanced out with other avenues of informations to counter fight lies and deceits by Najib and his band of robbers.
did you hear what najib said in singapore to the mostly malaysian crowd working there? the guy got all worked up by the foreign legion there and suddenly wants to go international this international that. he wants to the malaysian brings abroad to come back to serve their dearly beloved country. he wants the country to develop and retain brains. he wants people with brains to love and want to serve the country. he is talking about abolishing nep. NO? please mr. jib-berish, do tell how you intend to do accomplish that? how bout just a few bullet points since u n ur umnonites r so detail-challenged? i don’t know, when obama presents a proposal, the house or reps’ version is 2000 pages. when jibby talks proposal, all we get is a press release, a slogan, empty rhetoric. n the kampongnites go gaga.
once again the nation led by another clown, the previous ronald mcdonald made a mockery for 4 yrs and now this clown sounds like the evil clown with ulterior motives and hidden agendas. This will continue to happen if the locals don’t acknowledge that leaders should be picked not based on their nasi lemak heritage but their true talents and qualifications to lead.
He is mentally not very stable, talking ‘bull-shit’, the ghost of Altantuya must be haunting him, I think he will end up in the mental hospital very soon.
By now its quite clear that Najib’s word don’t mean a thing. He is a career liar which is one and the same as being a career BN politician. But the fact of the matter is the method had worked well since 1969.
The issue is why is Najib’s essentially pathetic leadership still works as evident by Merdeka Review poll? The fact of the matter is that Najib has managed to somewhat keep friction within UMNO down although he failed miserably with BN as a party. And even the frictions within BN is not resulting in any mass exodus of its machinery AND more importantly Sabah and Sarawak remain ever committed to BN.
The truth is Najib’s failure is also his success. His mediocrity is a result of of not taking a firm position in any of the conflicting views and interest. By taking a middle of the road path, he offends no one and galvanise no group against him. Its winning by default, by not doing ANYTHING..
What will it take to really tear apart this strategy? Scandals is the easiest. Its why what RPK is doing is more important than any of this intellectualism. Get that photo of Altantuya in Paris with Najib and he is gone.. Charges of Mediocrity is not going to do it. To be honest, not just the Malay heartland but the Chinese in small towns and Indians im estates are very very forgiving with Mediocrity.
What else? An economic downturn helps a lot but we just came out of one and so its not likely to happen for a few years.
Than all that remains is proving that PR can be an alternative. Its BN greatest fear that the heartland Malays, Indians and Chinese believe that PR can be a real alternative to BN. But why is it so hard? Is BN hold on these heartlanders so strong? Or is PR so badly put together? No. It comes down to divide and rule policy of BN.
In all its governance effort, PR still has not embarked on a unity program to unite Malaysian to go into the heartlands and bring people together. Why is there no program bring Chinese, Indians into the Malaysia heartland to experience their life? Why not bus heartland Malay villagers in Kedah into Penang Chinese and Indian festivities and open dialogue? At least bring kids from vernacular schools and Mara school kids together in dialogue in open discussion. You can even get funding from US/European govts for such programs.
No attacking Najib’s mediocrity will not move the rock that is our societal divide. While the trend is in PR favour, its a slow trend and will take decades to make the change we want to see. Unless PR gets lucky again, in the meantime, the prodigal child gets his way unless something more strategic is done..
Johnnypok you are wrong.
C+4 = C+4, still (or if you like, 4+C).
But, C x 4 (which is the same as 4 x C) = C4.
Oi Chen man hin old chap, dont ya know. Najib can. Dia tu menang boleh. He is full of adrenaline and fire. He can blast the whole country and her economy to the precise result he desires.
Errr. HUh? Wot? Hv I said something wrong again?
“PM Najib stated that his intention was to raise the present per capita income of US$7,000 to US$17,000 by the year 2020, assuming that the GDP increases on an average of 9% a year. Later he revised his targets after realising that the targets were unrealistic…”
Well, the truth is whether 9% or 6% makes no difference. We should be happy with 2-3% under today’s condition.
The truth is that the 9% was revised, NOT because He realized that the targets were unrealistic but that He realized that even monkeys won’t buy into that, LOL.
Our cunning new PM is just trying to sell hope so that he can win the coming elections hands-down while the electorate votes him in, hoping for dreams of gold to materialize. Well, I suppose there will be quite some monkeys who will do just that and He knows it well. Is it any wonder that MLM still survive today although reports say that 99.99% of Amway distributors in America loses money and for the best MLM company, ONLY 99.42% lost money? Well, who knows, you may well be the 0.58%, LOL
Read: http://skeptoid.com/episodes/4176#
“Our cunning new PM is just trying to sell hope so that he can win the coming elections hands-down while the electorate votes him in, hoping for dreams of gold to materialize” – ekompute
You’re right!
He is on the Holy Grail of winning back the two-thirds majority. With this, he can work magic, not for the people, but to benefit his cronies.
You can also bet that the Constitution will be changed to make it virtually impossible for the PR to function!
Like the Chinese saying, he can cover the sky with one hand!
It’s the duty of all right thinking Malaysians to thwart this.
BN @ Umno espeacially promise will never come true forever if its religion matters interfere the country economy, education and politics. I will never trust all these bast**d till my next life.
I always feel that we Malaysian are not stupid, but we are just made to look stupid by the confusing directions given by the politicians – especially those in power. Lot of money is being wasted on unnecessary projects. We are considered a properous country but the rakyat is still suffering to meet end needs. I think CHANGE is needed to put all this craziness to rest forever. Take out all the corrupted and replace with those who really capable of bringing the country to the next level. If there is any particular ministry that is under perform, the only sure way to reform is to replace the head of the ministry. If the leader is not capable, so are the followers.
Winning back 2/3 majority in Parliament is NOT impossible for BN but it will only because PR screw. Short of a screw up )e.g. their own scandal which is not impossible and in fact very likely given all the monkeys and Anwar own failures), Najib cannot get 2/3 ever back again.
The fact that he is working on a premise that his goal is to get back 2/3 majority is only a testament of his sense of entitlement and his delusion. He is going to get it only by sheer luck and working on it just say, just as his life and career have been very much been, he works and believes on the wrong premise. When it does not happen, he will blame it on this and that except his own mediocrity..
Its why Najib will change nothing and there is not much time left before change will be very much harder and painful – so hard and painful, none of us will be willing to pay for it and will either leave or get mad..
Najib do us a big favour by just quiting and let an even more mediocre leader like Muhiyiddin take over so that all the charade will be stripped and things go down hill faster so that we can begin to recover stripped of all the pretense of entitlement and luck. Najib ‘do nothing’ in fact is the worst thing that can happen to this country at this time..
When Rules and Regulations are down
the country is drown.
Nothing in this country is up except corruption moving from millions to billions.
Power granted by malice laws and constitution is up
but Security and Proper Procedures stuck!
Higher income but higher cost get salary eaten-up!!
Talking high GDP or higher Income without Living Cost index,
Chicken and Ducks playing the concert?
What have the Government done this year and the last?
Did Abuse of Human Rights stop?
Did Police do their job?
High official stop flip-flop?
Blur in the last 50 years,
puff today’s to everyone’s ears,
Dreaming of Higher Income in 2020 for what?
Chicken & Ducks in the Talk,
A Kampung sounds at work!!
Government on the tree-top?
Worms eating down the slopes?
Bolehland – Baldly-land to come!!
Somebody mention RM 5000 per month. It cannot be in RM. It has to be in a strong currency if Malaysia is to be a high income society. Times that by 5.8. It will be roughly RM 290,000 per month. Until today, not everyone is hardworking, despite whichever political party they support. But being hardworking does not help. Work smart is the secret. How to work smart ? Well, when there is something real big going on, just pretend it is so busy.