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Budget 2011 : Malaysia towards a failed state and bankrupt nation 2019

2011 Budget not a child of New Economic Model but bears all the marks of old discredited Mahathirish policies (Part 1 of 5)

On Monday, the Prime Minister Datuk Seri Najib Razak launched the Economic Transformation Programme (ETP).

It was also the start of a week which saw the Government Transformation Programme (GTP) suffering a triple blow.

The first blow was Monday’s tabling in Parliament of the 2009 Auditor-General’s Reports which continues to be annual tale of horrors of waste, mismanagement, misuse of public funds and corruption – as highlighted by headlines like:

  • Federal government debt hits five-year high;

  • KTMB mired in RM1.45 billion debt;

  • Only 18.2% of pupils bring free eBooks to school;

  • Stimulus funds used for chandeliers, home theatre, government audit shows;

  • PTPTN to face whopping RM46 bil deficit;

  • PTPTN okayed RM23 mil to students who didn’t apply;

  • Million-ringgit scanner stuck in KLIA, under-utilisation woes;

  • ‘Sandwich kosong’ for school kids, sardines missing.

Continue reading “Budget 2011 : Malaysia towards a failed state and bankrupt nation 2019”

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Of megalomaniacs and mega-towers

By Azly Rahman

Here is an excerpt from the Facebook campaign, now numbering to almost 160,000 members, rejecting the Menara Warisan proposal:

“Rakyat Malaysia mengatakan TAK NAK kepada Menara Warisan 100-tingkat yang memakan kos RM5,000,000,000 yang dicadangkan oleh PM Najib Razak dalam Bajet 2011. … Malaysians saying no to the RM5-billion 100-storey Mega Tower proposed by PM Najib in the 2011 budget. Malaysia needs better education, better health care, better public transportation, safer neighbourhood, cleaner water, but not taller building. We don’t need another white elephant! …

“Malaysia perlukan pendidikan, perubatan dan pengangkutan awam yang lebih baik, jiran-tetangga yang lebih selamat, air yang lebih bersih, dan bukannya bangunan yang lebih tinggi. … Kita tidak perlukan seekor lagi gajah putih yang membazirkan wang rakyat jelata. … Wahai, saudara-saudari warga Malaysia sekalian, biar kita bersatu tak mengira kaum, agama, budaya, bahasa, pendirian politik, geografi atau kelas. Biar kita bersatu dan membela nasib endiri. Merdeka! Merdeka! Merdeka!”

I am beginning to sense that the issue will contribute to the downfall of the current regime of Barisan Nasional in the next general election. It is as if the last BN hurrah to showcase megalomania and illusions of grandeur will be a rallying point for the masses/rakyat fatigued by he struggle to survive the daily grind while robber barons rob, dine, and wine.
Continue reading “Of megalomaniacs and mega-towers”

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The ‘social contract’ — Concerned Scholars

by Dr Lim Teck Ghee, Dr Mavis Puthucheary, Dr Azmi Sharom, Dr Toh Kin Woon and Dr Wan Zawawi Ibrahim
October 27, 2010

We would like to provide some feedback to the speech made by Prime Minister Najib Razak on 21 October 2010 to the Umno general assembly in which he gave the impression that there is a ‘social contract’ whose terms are set in stone. He also told the delegates that no Malaysian should question it.

It is necessary to note that there is a range of views amongst us on the social contract issue and on how to respond to the Prime Minister’s advice.

One colleague has argued that it is not yet time for an “organized effort” of civil society to make such a statement as it may provoke negative reactions that may be harmful to our common pursuit of a fair and united nation.

Another has expressed concern that we must not play into the hands of politicians who will mobilize Malay support by trying to show that the non-Malays have reneged on their so-called promise to accept Malay political superiority in exchange for citizenship.
Continue reading “The ‘social contract’ — Concerned Scholars”

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Building projects unsustainable in long run, say analysts

By Boo Su-Lyn
The Malaysian Insider
October 25, 2010

KUALA LUMPUR, Oct 25 — Putrajaya’s focus on mega construction projects instead of key reforms in its economic plans — symbolised by the 100-storey Warisan Merdeka tower — will hamper the country’s goal of becoming a high-income nation, analysts have said.

They have stressed that economic and institutional reforms to increase market efficiency and human capital development were the crucial elements to lift Malaysia out of its middle-income trap.

“It is not sustainable as we will have first-class infrastructure and facility and third-world work ethics and mentality,” RAM Holdings group chief economist Dr Yeah Kim Leng told The Malaysian Insider.

“The soft part of the development, which is the human capital, will have to take centre stage for the high-income transformation drive to be successful,” he added.

Yeah noted that Prime Minister Datuk Seri Najib Razak’s reform commitments in his New Economic Model (NEM) have been eclipsed by the mega construction projects announced in Budget 2011 and the Economic Transformation Programme (ETP). Continue reading “Building projects unsustainable in long run, say analysts”

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Umno and PM declaring war against the rakyat?

Richard Loh
Malaysia Chronicle
October 23, 2010

Is our country at war? Is our country being attacked by outsiders? It looks that way when we heard the Prime Minister declaring “Even if our bodies are crushed and our lives lost, brothers and sisters, whatever happens, we must defend Putrajaya.” I would be the first to stand by the PM and sacrifice my life to defend Putrajaya and the country if we are at war with outsiders. When an enemy attacked a country they will go for the capital city, trying to capture it, and if they succeed, the country will be theirs and they win the war.

This morning when I woke up, I hear no gun fire nor any bombing, just the normal sound of vehicles passing by and a beautiful sunny day.

So, what is the PM declaration all about? After reading it more closely I realized that it was umno and it’s president that is declaring war against the rakyat. They have taken control of Putrajaya and that Putrajaya belongs to umno, no one else has the right to it and they will protect it at all cost. Continue reading “Umno and PM declaring war against the rakyat?”

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We all grieve for a Malaysia that could be!

by Romerz
October 22, 2010

In his presidential address to the 61st UMNO general assembly, a lot of things said by PM Najib could be argued against simply on the basis of logic, history, proper understanding of Malaysia’s federal constitution, democracy and a host of other things. But I will not argue against Najib’s fallacious arguments because I’m tired of warped views and I believe my readers are of a higher mentality than those he was addressing.

Instead I will focus on only one thing he mentioned in the speech. Najib said “the Malays were hurt when the social contract agreed upon by the forefathers of various races who had agreed to make sacrifices to gain the independence, was now being questioned.”

In the first place I know of no such social contract as after 53 years of independence, no one can show me a written copy of this contract nor explain to me what was it that was agreed upon specifically by our forefathers. Even assuming that such an agreement exists (possibly and perhaps reached privately by the leaders of UMNO, MCA and MIC then, which may explain why we know so little of this often touted social contract), hadn’t this preceding social contract been documented and articulated in the Constitution of Malaya 1957? Continue reading “We all grieve for a Malaysia that could be!”

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“No Mega Tower” fb campaign reached 113,205 at 8.30 am – 625 in support

(Opposition to the RM50 billion 100-storey Najib Tower in the “No Mega Tower” facebook campaign reached 113,205 people at 8.30 am this morning after breaching the 100,000 mark at 9.20pm last night.

In contrast, the facebook campaign in support of the Najib Tower, “Kami Sokong Menara Warisan”, has collected a miserable
625 supporters.)

Anti-Warisan Merdeka Facebook campaign hits 100,000 mark
By Shazwan Mustafa Kamal
The Malaysian Insider

KUALA LUMPUR, Oct 22 — As at 9.20pm tonight, more than 100,000 in a week have signed on to a Facebook campaign opposing the Najib administration’s Warisan Merdeka skyscraper.

The proposed 100-storey building in the city, has stirred up spontaneous grassroots opposition, moving the issue to the front and centre of current Malaysian politics.

More so impressive is the pace of recruitment — that only seven days ago Prime Minister Datuk Seri Najib Razak announced the plan, during his budget speech. It is clear the groundswell opposing it is considerable and now has shaped into a major political minefield for the Barisan Nasional(BN) government. Continue reading ““No Mega Tower” fb campaign reached 113,205 at 8.30 am – 625 in support”

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Ipoh born, Cambridge educated, Malaysia’s loss, Singapore’s gain

By Mariam Mokhtar

He did his parents proud, his teachers are equally elated, his birthplace is euphoric to claim he is one of them, and his country would have been ecstatic.

His name is Tan Zhongshan and he was born in Ipoh. He chose to read law at university because he said, “Being in the legal line gives you a chance to make changes that have a far-reaching effect.”

In June, Tan received a first–class honours in Bachelor of Arts (Law) at Queen’s College, Cambridge, one of the world’s topmost universities. Cambridge, England’s second oldest university, usually contends with Oxford for first place in the UK university league tables.

Tan excelled as the top student in his final-year law examinations, but he also won the “Slaughter and May” prize, awarded by the Law Faculty for the student with the best overall performance.
Continue reading “Ipoh born, Cambridge educated, Malaysia’s loss, Singapore’s gain”

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Tan Zhong Shan – top law student at Cambridge University is Malaysian and latest example of our costly brain-drain

Congratulations to Ipoh-born 23-year-old Tan Zhong Shan who has emerged as the top student in his final-year law examinations at Cambridge University.

In a report headlined “Malaysian is top law student at Cambridge University”, the Star today reported that Tan obtained a first-class honours in the Bachelor of Arts (Law) in June this year at Queens’ College, which is part of the university, one of England’s oldest and most prestigious.

The report said:

“He even scored the ‘Slaughter and May’ prize given by the university’s Law Faculty – an award given to those who achieve the best overall performance in the final-year law examinations.

“Other coveted prizes he bagged include The Norton Rose Prize for Commercial Law, the Clifford Chance Prize for European Union Law and the Herbert Smith Prize for Conflict of Laws.

“Queens’ College dean Dr Martin Dixon said Tan definitely stood out among the students there.
Continue reading “Tan Zhong Shan – top law student at Cambridge University is Malaysian and latest example of our costly brain-drain”

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2011 Budget – Eulogy for NEM and relaunch of Mahathir economic model (Part 4 of 4)

Human Capital Issues

The allocations announced in the Budget for human capital development are indeed impressive. However, the question arises if the nation will get value for its money. There can be no denial of the fact that the Malaysian educational system is in disarray.

Standards have fallen dramatically. Our universities turn out graduates who lack rudimentary skills demanded by employers thus contributing to low productivity and loss of competitiveness. Our secondary school system is in disastrous shape.

Those who are charged with educating the next generation of Malaysians to be responsible citizens are more interested in promoting race hate as recent episodes of misbehavior by teachers highlight.

The lack of an adequate reaction from the top echelons of the Government has sent a strong signal to others in the educational system to project the message of hate that BTN promotes with impunity. These despicable acts and patterns of behavior give credence to the notion that the 1Malaysia slogan is nothing more than a catchy slogan devoid of meaning or sincerity.
Continue reading “2011 Budget – Eulogy for NEM and relaunch of Mahathir economic model (Part 4 of 4)”

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2011 Budget – Eulogy for NEM and relaunch of Mahathir economic model (Part 3 of 4)

The Pivotal Role of the Private Sector

Much was made in the ETP presentation about reinvigorating private investment, with 92% of the total projected investment of US$444 being investment by the private sector. These expressions are repeated in the Budget Speech. However no details have been provided as to how this target is to be achieved.

The speech tantalizingly offers the suggestion that the Government will intensify the Public-Private Partnership to “… enhance private sector involvement in economic activities” To this end the Government proposes to invest RM 1 billion from the Facilitation Fund in support of several infrastructure projects.

On the one hand the formulation is built upon the notion that the private sector will be unleashed; and yet the ETP is in reality a top down creation. PEMANDU is seemingly picking “winners” and it would imply that Malaysia is about to embark upon a new form of central planning to get to highly untenable targets.
Continue reading “2011 Budget – Eulogy for NEM and relaunch of Mahathir economic model (Part 3 of 4)”

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2011 Budget – Eulogy for NEM and relaunch of Mahathir economic model (Part 2 of 4)

Recent Economic Performance & Prospects

In the formulation of the Budget for 2011, the Prime Minister made the claim that the Malaysian economy had recovered from the global economic recession.

In an act of self congratulation, he attributed this to the proactive measures taken by the Government through the RM 67 billion stimulus package. He however failed to acknowledge that other countries in the region had performed equally well or even exceeded Malaysian performance.

The statistics he cited refer to the short term and are soothing. However, he made no mention of the challenging issues that will determine the medium term performance of the nation’s economy.

He appears to be suffering from a bout of amnesia about the need to address the issue of subsidies and to achieve fiscal balance.
Continue reading “2011 Budget – Eulogy for NEM and relaunch of Mahathir economic model (Part 2 of 4)”

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2011 Budget – Eulogy for NEM and relaunch of Mahathir economic model (Part 1 of 4)

The Budget presented by the Prime Minister was a eulogy for the death of the New Economic Model. It provides a clear confirmation that this Government is incapable of living up to the rhetoric of reform that it had vigorously promoted over the past year.

The slogans and feel good speeches crafted by highly paid spin doctors have not been translated into clear action programs. The divided and weak BN Government remains mired and has now demonstrated its inability to deliver upon its promises of change.

The Budget marks the return to failed economic policies of the past. The Mahathir Economic Model built around mega projects, crony capitalists as key players, bailouts and handouts is once again alive and returns to haunt the nation.

The Budget yet again demonstrates that this administration is incorrigibly incapable of drawing lessons from the past and persists with policies that have entrapped Malaysia in the middle income trap.

The Budget for 2011 has all of the attributes of a blunt tool for distributing public funds to UMNOputras, BN cronies, and vested groups that constitute the vote bank of the Barisan.
Continue reading “2011 Budget – Eulogy for NEM and relaunch of Mahathir economic model (Part 1 of 4)”

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Najib’s 2011 Budget is not a child of New Economic Model but bears all the marks of old discredited policies

Despite all its bombast and pyrotechnics, Prime Minister Datuk Seri Najib Razak’s 2011 budget is not a child of the New Economic Model but bears all the marks of old discredited policies which have landed Malaysia in the middle-income trap for more than a decade, setting the country towards a failed and bankrupt nation come 2019.

Former Prime Minister Tun Mahathir’s obsession with mega projects like the proposed RM5 billion 100-storey Warisan Merdeka tower is back with a vengeance.

If Najib is seriously committed to a New Economic Model, based on economic, social and government transformation, wouldn’t it be more appropriate for Malaysia to achieve targets as being ranked among the first twenty if not first ten of the least corrupt nations in the annual Transparency International Corruption Perception Index or having at least 10 universities which are ranked among the Top 100 Universities in the world?

In fact, it must be asked whether Najib is secretly trying to out-Mahathir Mahathir not only to build a tower higher than Mahathir’s Petronas Twin Towers, but which could be acclaimed as the tallest in the world – however brief the claim? Continue reading “Najib’s 2011 Budget is not a child of New Economic Model but bears all the marks of old discredited policies”

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PM confounded by pro-opposition civil servants

Malaysiakini
Oct 16, 10 11:41pm

Prime Minister Najib Razak is baffled that there are civil servants and government pensioners who preferred to support the opposition.

“We have to look into this … this is not right. Maybe because they were angry with a few, they decided to ditch the whole ship,” he said when launching an Umno Club for retired senior government officers at his official residence, Seri Perdana, today.

“Civil servants should know better that it is only Umno that can ensure our survival.”

He then launched a broadside against the opposition PKR. Continue reading “PM confounded by pro-opposition civil servants”

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Budget 2011: A budget for the big boys and civil servants

By Dr Lim Teck Ghee

There are several ways to analyze the budget. One is to take at face value what the Prime Minister has written in his blog just before his budget speech where he promised that it is “a budget by the rakyat”. By it, he explained that he had read through the more than 1,000 comments and suggestions from his readers and forwarded them to the Ministry of Finance to incorporate.

According to the PM, there were three key issues raised – employment, taxes and subsidies, and education.

In his words, “employment was the most frequently discussed with some of you calling for the implementation of a minimum wage policy”. Also, he noted that “comments from the youth requested for increased tax rebates for young families or ways to provide financial assistance in managing the rising cost of living”. As for education, the feedback on his blog related to concerns with education quality and the rising cost of education.

Now that the budget has been unveiled, it is clear that the civil servants preparing the budget have completely ignored the Prime Minister. Firstly, the implementation of the minimum wage policy has been further deferred for the umpteenth time. The only beneficiaries of wage reform appear to be security guards who deservedly see their minimum wages raised and female civil servants who will now have longer maternity leave.
Continue reading “Budget 2011: A budget for the big boys and civil servants”

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Budget 2011 – Unable to stimulate necessary growth to meet high-income nation objective

By Tony Pua

Budget 2010: Government failed to keep a lid on sky-rocketing operating expenditure

The Prime Minister in his speech announced that the Government will be on track to meet the projected budget deficit of 5.6% for the fiscal year 2010 giving the appearance that the Government was able to meet its financial commitment and targets. However, the meeting of the deficit target masks the fact that the Government had in fact substantially overspent its allocated budgets, and was “saved” only by a higher than expected collection of tax revenues.

Last year when the budget for 2010 was announced, the Government promised a commitment to trim operating expenditure to reduce wastage and to generate greater value for money returns with the tax-payers’ money.

We had in fact applauded the Government’s decision to reduce operating expenditure by a significant 13.7% from RM160.2 billion in 2009 to a budgeted RM138.3 billion. The government’s operating expenditure includes salaries and pensions for the civil service, purchase of government assets, supplies and services, rentals, various subsidies, debt repayments, toll compensations and “other” expenditures. A government’s “operating expenditure” is not expected to generate high economic multiplier effects, as opposed to “development expenditure”.
Continue reading “Budget 2011 – Unable to stimulate necessary growth to meet high-income nation objective”

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Get a backbone, Kit Siang tells MCA

by Joseph Sipalan
Malaysiakini
13.10.2010

DAP advisor Lim Kit Siang today challenged MCA’s ministers to take a clear stand and demand for action to be taken against two headmasters charged for racism and the closure of the National Civics Bureau (BTN).

He said Prime Minister Najib Abdul Razak had already given them the green light to make their position known, when the latter said that MCA should be given “space” within the BN coalition when officiating at their annual general meeting last weekend.

“Here you have the prime minister saying ‘give space to MCA’, and although he said that, you don’t see any MCA minister daring to stand up to make a clear stand to demand that action must be taken against the two headmasters,” Kit Siang (right) said at a press conference in the Parliament lobby.

“Even after Umno gave space to MCA, they don’t use the space. I call on MCA ministers to demand that action be taken against the headmasters and close down the BTN, which is a poisonous anti-Malaysia organisation.” Continue reading “Get a backbone, Kit Siang tells MCA”

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DAP wants chief secretary hauled up for inaction against ‘racist’ civil servants

By Shazwan Mustafa Kamal
The Malaysian Insider
October 13, 2010

KUALA LUMPUR, Oct 13 — The DAP demanded today that Tan Sri Mohd Sidek Hassan be hauled up in Parliament for failing to take swift action against “racist” civil servants.

DAP advisor Lim Kit Siang said that the Chief Secretary’s silence on the matter was a mockery to the Najib administration’s reform plans.

“This is an utter mockery of the government transformation programme when two months have elapsed but nothing has been done with regards to the principals.

“Perhaps the chief secretary does not understand the meaning of people first, performance now,” said Lim.

The Chief Secretary said yesterday that the government will follow proper procedure in dealing with two school principals and a Biro Tata Negara (BTN) official for making racist remarks.

But the Chief Secretary did not say whether the three had been found guilty or whether they had already been disciplined. Continue reading “DAP wants chief secretary hauled up for inaction against ‘racist’ civil servants”