See below for the full list of injustice in Malaysia that has yet to be resolve!

Under 52 years of BN/UMNO rule, many injustice, corruption and crime has been committed by their cronies! Below is just some of the case that I can keep track! If you have more, please feel free to let me know so I can add to it!



Wednesday, November 11, 2009

Najib the Finance Minister Big Blunder!

This is an article taken from Malaysiakini.
Definitely worth reading for those who do not subscribe to it.

I bet not a few among the participants at the 21st Multimedia Super Corridor (MSC) Malaysia Implementation Council meeting were held aghast when Prime Minister cum finance minister Najib Razak announced that Malaysia was aiming for a nine percent annual GDP growth until 2020.

In an opening speech at the meeting held in the morning of Nov 9, Najib said: "We aim to be a developed nation by the year 2020 and we are looking to more than double our per capita gross national income from US$7,000 (RM24,500) to at least US$17,000 by then in order to qualify as a high-income nation according to World Bank classifications.

"This would also mean that Malaysia has to grow its GDP by over nine percent annually until the year 2020." (Malaysian Insider, Nov 9.)

Playing with the totally unrealistic growth figure of nine percent at a time when Malaysia and the world are still going through one of the worst recessions in memory with no definite light at the end of tunnel yet, did sound surreal indeed.

More so, when Malaysia's growth record in recent years have been anything but robust. Obviously advised by his aides that his gung-ho expectation was way overboard, Najib scrambled to control damage via a press conference several hours later when he denied having said nine percent.

He said: "I did not say nine per cent, I said around six per cent as nine is not realistic." But of course, Najib's denial came too late, as several news media including Bernama and Star had already quoted him at nine per cent.

Clumsy amendment
Though these media dutifully replaced the figure of nine per cent by six per cent in their updated versions in the afternoon, some betrayed their clumsy amendment by retaining the incongruous per capita GDP growth from the current US$7,000 to US$17,000 in 2020.
If indeed Najib had quoted six per cent, then compounding US$7,000 at the increase of six percent per annum can only bring us to US$13,000 by 2020. Only when we compound it by nine percent can we reach the figure of US$17,000.

Figures tell no lies. It was clearly a deliberate statement, not a typing or reading error. So the big puzzle: How could a finance minister, who is supposed to be the economic czar of a country, make such an unforgivable blunder?

Granted that a man of Najib's position is expected to have his speech writers lighten his work, but he should remain the master as policy formulator and decision maker, not a robot reading out speeches he could not fully comprehend.

Chairing over such an important meeting which deliberates the agenda of MSC Malaysia, which in Najib's words, serves as "a foundation to build a world-class technology sector to kick start a vibrant Malaysian ICT industry", I would expect Najib to be in full possession of a macro view of the nation's economy, the direction it is going, and the specific role the budding ICT industry is playing in relation thereto.

Void of substance
And central to all these is of course a realistic assessment of current and potential strength of our economy.

As finance minister, Najib is sitting at the apex commanding a vast bureaucracy of economic and financial experts and planners, and he should therefore be the best judge of our economic realities.

In fact, he should be the first one to spot any gross irregularity in major economic figures. If he is a competent finance minister, he should be the final arbiter as to what growth figure to adapt for policy making purpose.

Even allowing the fact that he is new to the job, he should at least be able to discern when a wildly unrealistic target is presented to him. Not to be able to sense that nine percent growth is way out of the reasonable realm is a horrible admission of ineptitude.

Under the circumstances, it is not unreasonable to surmise that this could be a case of an economic novice writing out a speech which was read out by an equally ignorant financial boss.

That may not be a far-fetched assumption, given that Najib's premiership so far seem to have been one gigantic public relation exercise void of substance to create the impression of change when in fact nothing has been changed. Not in our hopelessly decadent institutions nor in our utter lack of rule of law.

No comments:

Issues that still have not seen Justice!

1. Port Klang Free Zone scandal
2. Kugan murder
Altantuya's murder!
4. UMNO Youth assault on Kapal Singh in Parliament (JUSTICE SERVED..kind of!)
Malacca CM, Ali Rustam's corruption
6. Lingam Tape Case
8. Khir Toyo - Mansion, Disneyland and etc issues!
Kill Nizar blog/Utusan Malaysia death threat to Teresa Kok
10.Zakaria Md Deros Istana
11.Frogs, Mohd Jailu & Mohd Radzi corruption case
(the 2 has gotten acquitted!)
12.Penang Land Scam!
13.Abdul Razak Baginda Media Taboo
14.Najib's Submarine and Helicopter Scandal!
15.Elizabeth Wong's Picture Scandal
(BF still not arrested by police!)

16.Hindraf legal advisor P Uthayakumar still in ISA (JUSTICE SERVED!)

17.Private Investigator Bala's Injustice!
18.Prostitution of young girls and children
19. HumanTrafficking in Malaysia
20. Illegal VCDs/DVDs/Prostitution/Gambling in M'sia.
21. Najib's 50 million Bribery Case
22.Saiful not charge with Anwar for Sodomy
23.Bukit Antarabangsa landslide Victims!
24.M Indira Ghandi kidnapped daughter
25.Penan, Sarawak Women being sexually abuse!
26.Sujatha death (sammy vellu son's "assistant")
27. Turtle Eggs consumed by Sarawak's Police!
28. M'sian's Money lost through corrupt BN govt projects!
29. Taib's rape and plunder of Sarawak's wealth!
30. Utusan Malaysia racist article
31. RM300 million Gong Badak stadium
32. Teoh Beng Hock death
33. Selangor's BN assemblypersons spending 90.6 percent of the total state allocations within the first two months of this year.
34. Kg Buah Pala, Penang Land Scandal
35. Section 23 Muslim insulting Hindus
37. Mahkota Cheras Police Brutality
38. Biro Tata Negara - Racist Propaganda!
39. Auditor General Report 2009!
40.Churches being burned
41. 60% of Sarawak state fund diverted elsewhere

42. 2nd Finance Minister's P.Sec charge for corruption

43. Drop charges against Al-Islam magazine's journalists

44. Cow Head Protestors gets it easy from M'sia Courts

45. Najib gets away with bribery in Sibu!

46. Another death in Police custody. Krishnan!

47. Aminulrasyid Amzah Death in Police Custody

1 policeman gets 5 years in jail but this is pending appeal!

48. Police stole Chia Buang Hing money, and beat him up

49. Bernama cameraman Hairul Nizam Bahrin beaten by police.

50. 2011 Sarawak Election Scandals!

51. Ahmad Sarbani another MACC victim!

52.Police shooting youth on their knees!!!

53. Perak Constitutional Scandal!

54. Ibrahim Ali Immunity for Authorities

55. Justice for Baharuddin Ahmad

56. 6 PSM members under EO! (RELEASED)

57. Violent Demonstration in Penang

58. Tan Sri Tajuddin Ramli gets away scot free!

59.Sinar Harian attack on Christians!

60.Native Land Grab in Sarawak!

61. Project IC in Sabah!

62. Gani Patail and Musa Hassan sins!

63. The National Feedlot Corporation (NFC) scandal

64. ABU and Hindraf attacked my UMNO's Goons!

65. IPCMC dead in the water!

66. Gan Ee Seng vs Pahang Govt

67. Lynas Scandal

68. Police powerless against thugs in Klang (SMM)

69. Rela and Police Thuggery (victim S Mogan)

70. Lim Guan Eng's Son attacked by Pro UMNO bloggers


72. Strings of UMNO Thug's Violence!

73. Prove of Taib corruption in Sarawak! (29.)