I am pleased to refer you back to my earlier blog (dated 16 June: Economic Impact on Politic); the possibility that some politician linked business especially in the construction industry will suffer and "gulung tikar" due to higher costs of building materials, diesel and petrol. Well after less than 10 days of the above article, Pak Lah pumped in RM30bil into the 9th Malaysian Plan, but cut spending on opposition held State (see my blog dated 27 June: RM30bil for 9MP). All in the name of helping economic growth. I am sure my readers are intelligent enough to link the two articles above and to read between the lines.
Sometimes I wonder, which are the government's priority, is it the statistics (economic growth) or the welfare of the Malaysian. The government is trying so hard to keep our economic figure rosy and good, very adamant that GDP growth will remain above certain numbers, previously above 6%, now due to economic pressure revised to 5%.
On the other hand, if you ask businessmen or the people on the street, everybody are saying that the economy is bad and they are feeling the pain and the pressure, prices are increasing, expenses budgeoning etc.
Even if we compare the inflationary rates with the region, how is it that our CPI is recording 3.8% in May compared to China 7.7%, Singapore 7.5%, Hong Kong 5.7%, Philippines 9.6%, Thailand 7.6% and Indonesia 10.3%.
Just to keep our figure nice, the rakyat has to suffer. Even China currently the biggest importer of oil is selling the petrol at USD0.85 per litre or RM2.80 while Malaysia an oil producing nation is selling petrol to our own rakyat at RM2.70 per litre just 10sen difference between major oil importer and oil producing nation! How's that?
Sometimes I wonder, which are the government's priority, is it the statistics (economic growth) or the welfare of the Malaysian. The government is trying so hard to keep our economic figure rosy and good, very adamant that GDP growth will remain above certain numbers, previously above 6%, now due to economic pressure revised to 5%.
On the other hand, if you ask businessmen or the people on the street, everybody are saying that the economy is bad and they are feeling the pain and the pressure, prices are increasing, expenses budgeoning etc.
Even if we compare the inflationary rates with the region, how is it that our CPI is recording 3.8% in May compared to China 7.7%, Singapore 7.5%, Hong Kong 5.7%, Philippines 9.6%, Thailand 7.6% and Indonesia 10.3%.
Just to keep our figure nice, the rakyat has to suffer. Even China currently the biggest importer of oil is selling the petrol at USD0.85 per litre or RM2.80 while Malaysia an oil producing nation is selling petrol to our own rakyat at RM2.70 per litre just 10sen difference between major oil importer and oil producing nation! How's that?
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