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Friday, February 12, 2010

Martin Jalleh speaks

Martin Jalleh wrote an article and below I cite the "down" of Malaysia.

I kind of agree with him with today's so called leaders who talk the talk but not walk to walk.
Who claims to be open but never ever admit their mistakes. Both government and opposition irregardless. Perhaps we just have to accept the flaws and vote for values that are "lesser evil".

So people, are you ready to vote for a better tomorrow? Make your vote count!

Muhyiddin claimed that the report appeared to be part of a hidden agenda to destabilise the country. Malaysia is “not asking them to help us anyway. We are helping ourselves and we don’t need their comments because I think a lot of other people know and evaluate ourselves very objectively. We are not basing it on emotions but facts and reality.”

So let’s look at our “self-evaluation report” (that Malaysia is sliding down the slope of becoming even more uncompetitive internationally), made last December by our very own Second Finance Minister Datuk Seri Husni Ahmad Hanadzlah, who revealed the following shocking facts and reality:

* Malaysia’s economy has been stagnating for the past decade (in the wake of the 1998 Asian financial crisis)

* It is now trailing badly behind its neighbours like Indonesia in the race for foreign investment.

* It’s export-dependent economy has been hit hard by the global recession, contracting by a forecast 3.0 per cent in 2009 and jeopardising its ambitions of becoming a developed nation by 2020.

* Malaysia is trapped in a low-value-added, low-wage and low-productivity structure.

* Among its peers China, India, Vietnam, Indonesia, Philippines and Thailand, Malaysia’s economic growth over the past three years was second-lowest.

* It has lost its competitive edge to remain as the leader of the pack in many sectors of the economy. Its private investment has been steadily in decline. (When the country achieved nationhood in 1957, Malaysia was the second most economically-advanced country in Asia after Japan.- LKS)

* While Singapore and Korea’s nominal per capita GDP grew within the last three decades by 9 and 12 times respectively, Malaysia grew only by a factor of four. (Today, South Korea’s GDP per capita is US$16,450 (RM55,930), Singapore US$34,346, Hong Kong US$29,559 while Malaysia is still at US$7,469.)

* The services sector is underdeveloped, private investment is half the levels before the 1997-98 Asian crisis, and the manufacturing sector is suffering from lack of investment.

* In October Minister of International Trade and Industry Datuk Mustapa Mohamed admitted that the Thai auto industry had surpassed Malaysia’s despite entering the game at a later stage.

* Malaysia fell three places from 21st to 24th ranking in the World Economic Forum (WEF)’s Global Competitiveness Report (GCR) 2009-2010 and dropped two places in the World Bank’s Doing Business 2010: Reforming Through Difficult Times from 21st to 23rd placing.

To read more, click here

ShAuNnY BoY:P ~