‘My main concern with the ETP is the shift from FDI to DDI, dependence on which would increase to 75% and funded by domestic savings. How sustainable is this?'
Whither the reforms in the ETP?
Ruben: Nurul Izzah, the article is so well-researched and with very sound arguments. You are really a breath of fresh air. You have all your arguments substantiated by facts and figures. You are absolutely right, we can forget about the Economic Transformation Programme if a political reformation plan is not in place.
Also, the ETP looks very good on paper but then when you get to the details there are contradictions and huge gaps to be covered in the implementation. Yes, our national debt is rising and it frightens me. The government has no concrete plans to reduce it and a huge reason for this is really all the money that has gone down the drain due to corrupt practices and bailouts.
We have been so bad in managing our expenditure. Most of our capital-intensive project costs have significantly gone over-budget and it does not take a genius to indicate the reasons why. Hence the RFP. YB, I am really proud that you are the MP of my constituency
Mirror On The Wall: Although our neighbours are more educated than us (in terms of tertiary education), what's the point? They go to substandard institutions that aren't recognized by us. For example Dr Porntip Rajasunand's university, which is rated in the top 5 in Asia can't even hold candle to our universities. So, actually, we are better than them all.
TK: My main concern with the ETP is the shift from FDI to DDI. Under the ETP, dependence on DDI would increase to 75%. According to the PM's Department, the DDI would be funded from the 12 percent surplus between savings and investment as a share of GDP.
In other words, we are using our domestic savings (the likes of EPF, Socso, etc) to increase investment and hence domestic aggregate demand and private consumption. How sustainable is this over the long run to raise the income of the population?
We can only do this over a specific period of time and after that we may no longer be able to rely on this. We need to build capacity through innovation and export the products and services through out the world. You may do that through better quality products (eg, Japan) or through cost advantage (eg, China). I don't think over reliance on DDI is the answer here. It will take a lot longer time.
Nurul Izzah, Gobala join the fray for PKR veep posts
Isa@1penyu: MP N Gobalakrishnan, why waste your time? You think PKR cares for Indians? PKR only cares for Anwar Ibrahim's family and cronies. Have you all not seen how the Indians were humiliated by the DAP in Penang?
DAP is for the Chinese, PKR is for Anwar and the Malays. Indians are just the punching bags and for votes. Jangan buang masa. No point la. Wasting time, contesting but cannot win.
The Indians are being taken for a ride in PKR. PKR politics and Umno politics are all about being crazy for power and money, nothing else.
Ronin: YB Gobala, if you think you can do it, just go for it. PKR is a democratic party so let the members decides. Do not listen to those who say that PKR is a crony or family-party. They say that because they are just frustrated illegal immigrants who were hired by BN to sabotage democracy in PKR.
Habib RAK: YB Gopala, I would have given my vote for you had you not said that you needed to represent the Indians. Why is it that an Indian candidate must always bring up his race as a factor?
Did we hear the Chinese candidates in PKR saying that they are there to represent the Chinese? We want candidates to represent all Malaysians. Period.
A Coward: Members of PKR must check on Mohd Azmin Ali's expanding power within PKR. This man has shown off his evil character by sabotaging the candidate of the party who stood for the Hulu Selangor by-election. He lacks team spirit. We hope no crony politician can survive or become prominent inside PKR.
Law Kok Soon: All the dirty tricks are from Azmin Ali's camp. First, he gang ups and has a press conference (against Zaid Ibrahim), then he starts a blog to attack his opponent, then distributes a list of (approved) candidates to be elected. If he loses, his men will start jumping to Umno.
Blogger: DAP just does not understand
Douglas Tan: Obviously this blogger is an attention-seeker and is stirring up sentiment against the Penang government which has brought the state further than it ever has gone under Gerakan. It is the right of every citizen, or should I say the responsibility of every citizen, to question our politicians to keep them accountable.
However, when you hear outright statements about racial oppression and dealings with the underworld, you have to take a step back and question what the sources are. If these are true, don't be afraid to expose it.
But this is pure hearsay to me. It's not DAP who doesn't understand or is racist. It's this blogger who is blatantly racist and antagonistic.
Argonist: This blogger is another Umno/BN patriot. If all and sundry used terms like he/she does, such as barangkali (perhaps) and kemungkinan (maybe) to escape responsibility for his or her accusations, where would the reading public find the truth?
In this instance, one could also say of the blogger that he or she is barangakali a traitor out to destroy for his own personal agenda, or kemungkinan, for his master.
If you have evidence bring it out into the open, or else just shut up and let the government do what a government does best - help the people. The BN government is using the 'blood, sweat and tears' money of the rakyat to appease, placate and win the support of its cronies.
Why don't you write about that in your barangkali and kemungkinan way and see if you are punished or not.
Chris T: It is obvious the Penang chief minister is doing his best for the state and this pisau bloke is doing his best to sabotage his efforts like the rest of his crooked buddies. Where was this bloke when Penang was plundered for years by the real crooks?
Henry Hock Guan Teh: Let's say ‘hypothetically' and ‘maybe' and use as an example which something we are not sure of but merely an opinion or suggestion which needs confirmation which is possible but not plausible . However, alternatively, on the other hand, or more or less probable.
Is this what pisau.net trying to say? If yes, what would he (or anyone) naturally respond if somebody (whom I don't know) says: "Probably the blogger of pisau.net is a thief"? Surely he would be very angry.
And can that person hide behind and say it is merely a question? In other words, it is not good to use the word ‘probably' because it has a connotation of a 50% likelihood or more that a statement is true.
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