The Chinese Economic Congress which was held on da 14/8/10 by MCA has caused stir among our society - politically n economically. After gone thru CSL full text on da speech it come to my thought tht is ths some kind of orchestrated political event or just merely an innocous remark by da chinese leaders?
Days aft da congress several NGOs including DPMM n Perkasa stood up n raised their dissatisfactory n called for da PM to reject d 13 resolutions proposed.
In my point of view merely less than minority bumis benefited frm da previous Msia Plan n NEP, therefore lots of issues need 2b rectify before doin any justifications if govt seriously wana realize da high income nation by 2020. If our PM gona consider accepting da resolution than i reckon majority bumis wil struggle to catch up. Apparently, a huge economical gap occured among our society - da rich bcme richer n vise versa, so what's d implications if da country's economy monopolize entirely by non-bumis?
On da contrary, I assume our PM was 'testing da water' by asking da chinese community to play a leading role in helping the country to become a high-income economy.. Well then da bumis shud treat it as a wake up call so as not to treat ths priviliges for granted. Instead of responding 2d so called 'ungrateful' n provocative statmnt by CSL, bumis shud realize our country wil goin thru tough times ahead.
1. Skilled Work Force
Skilful n knowledgeable work force is vry significant to lift a country's economic status. I'm not gona compare Msia wit Singapore whereby its main eco-factor is human resource, but if we can emulate some elements frm our neighbour then are we suppose to focus on developing n nurture our own people? Increasing salary wages, allowances or whatsoever..
2. Subsidies
Subsidies is a form of financial asst paid to a business or sector n it's represents govnt policies tht benefit particular sectors of our economy. Unfortunately Msia can't afford ths in da long run due to high fiscal deficit. In July, da govt announced tht subsidies for sugar, petrol, liquified petroleum gas n diesel will b cut as part of the gradual subsidy rationalisation programme. My question is does govnt realized tht ths move wil trigger price-rise in almost every households items? We must look into boon n bane, pros n cons, as well as long term implications...yes?!
What CSL quoted in his speech tht liberalising telcos sector is one good option. TM has been monopolizing da streamyx market for years. Govnt shud consider allowing more players so tht when ther's competitions, efficiencies wil improve! The objective to increase broadband penetrations n super-speed bandwidth initiatives will b fruitful when consumer can enjoy cheaper price!
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