Second Finance Minister Datuk Ahmad Husni Hanadzlah’s speech at Malaysian Institute of Economic Research (MIER) National Economic Outlook Conference 2010-2011 on Tuesday that Malaysia has lost ground to neighbours such as Indonesia in the race for foreign investment and the imperative need to rebuild confidence by building the highest standards of governance did not say anything new as they have been repeatedly raised by DAP and Pakatan Rakyat leaders inside and outside Parliament.
It is nonetheless unusually refreshing as it is the first admission by a top government leader of a lost decade of “stagnation” after the 1998 Asian financial crisis.
Just like the pledge by the former Prime Minister, Datuk Seri Abdullah Ahmad Badawi to declare war on corruption when he came into office in six years ago and the pledge by the present Prime Minister, Datuk Seri Najib Razak just eight months ago to lead a government committed to the concept of “1Malaysia. People First. Performance Now” but which have not followed by action and the political will to “walk the talk”, will Husni’s remarkably frank speech end up as the latest addition to a mountainous pile of high-sounding speeches of government leaders never translated into deed and policy?
Continue reading “Can Malaysia rise from the lost “decade of stagnation”?”