Saturday, January 26, 2008

Inflation, what inflation? Who is reporting?

Inflation is an abstract, it can't be seen or feel unless it is reported by the media, especially the print media. The BN feels that as long as the media did not report on the issue, then the people would not feel it. It is like "see no evil, speak no evil and speak no evil" type of fictional story the kids read.

According to a report by Malaysiakini, The DPM Najib and the Minister of Domestic Trade and Consumer Affairs ministry Shafie Apdal have both held meeting with the mainstream media not to report on this matter or at least paint a brighter image about the issue.

With the approaching general election, inflation seems to be the biggest worry of the BN and the heat is on even among the UMNO bigwigs as how the inflation will affect the outcomes of the election. It has been admitted by both the PM and the DPM that the BN can't win as handsomely as in the 2004 general election and rumours have it that the BN is struggling with the 2/3 majority that it has enjoyed for the past eleven (11) general election, especially with the uncertainty of the Indian votes after the Hindraf rally in the capital.

The balance of power seems to rest on the East Malaysian states of Sabah and Sarawak. However, with the 2006 state election of Sarawak as a reminder of the problems of the urban voters' dissatisfaction, the mood of the SUPP, the Chinese-based party in the BN, is uncertain. Sabah seems to be a better bet for the BN in all things go smoothly, with the palm oils prices at their peak and good tourism sector, maybe the BN can pull off another record win.

So, what is the next move? The BN has a high task to retent its Bumi votes first and inflation is a no-no for the BN and thus the Police had obtained a court ruling not to allow the rally organised by the Coalition against Inflation (protes) to take place today in the nation capital. The government last year gave the public services sector(86.6% Bumi) the biggest pay rise in history with a 25%-35% increment meant to secure their support for the coming election and thus inflation must not offset the feel-good effect of that strategy.

After that, the Chinese votes must be wooed and what better way than to re-open the SJKC Damansara (Chinese primary school) and the granting of RM 10 millions for the Chinese primary schools through MCA? The MCA would be proud to present to the Chinese community the "presents" of their pleading in the BN and forget that the education policies are those of the BN whom they are a part of. The MCA and the other Chinese based parties would tell the Chinese community how "liberal and open" is our Education Minister and of course of the PM in the coming election as they promised not to close the Chinese schools in Malaysia. But the Chinese community is facing the high cost of inflation as it prepares to celebrate the Lunar new year which falls on the 7Th of Feb. The noise on the street and in the coffee shop is not favorable to the ruling BN as peoples struggle to make ends meet in the months to come.

Then comes the Indian community whom the BN was caught by surprised by the Hindraf rally that saw almost 100,000 Indians going to the street. 130 supporters of the rally are still on hunger strike after its leaders went on hunger strike in the jail's cell following their arrest under the ISA. The PM Abdullah announced Thaipusam a public holiday for Kuala Lumpur and Putrajaya as well as the setting-up of a cabinet committee to tackle hardcore poverty. But the Indian community leaders in general feel that a holiday for Thaipusam was over due and the announcement of a holiday after 50 year of Merdeka is itself the proof of marginalization of the Indian community and the BN did not set up the special mechanism like the NEP to address the pressing issues of the poor Indians.

Apart from the inflation, i hope Malaysian would look into all the issues such as corruptions, judicial rot, crimes and security, the NEP and mismanagement that prevent the country to march forwards and demand a Malaysia for all Malaysian based on equality, fairness and democracy in every sense of the words .

David Wong
16-01-2008

3 comments:

Anonymous said...

I agree. If the country's mass media is controlled by the ruling party, then the news are biased. The Sarawakians are cheated into thinking that the country is alright. If we do have good economic growth, what is wrong with having a welfare state ? Shouldn't the government help those who are not millionaires, billionaires, trillionaires or some rich people out there ? Actually everyday people can ask themselves simple questions like are you struggling to survive ? If you are, then the newspapers is bluffing you all the time. If the newspaper bluffs you, it is the ruling government who bluffs you too. Ask yourself how many times or did the government ever once help you out ? If it is never, then the answer is clear cut. They only help those who can help them.

Anonymous said...

It is like the survival of the fitest, no? Then ask ourselves who are the fitest? The ruling elites of course.

Look at the YBs from the BN, what are their lifestyles? The big mansions, the big cars, the overseas trips and you name it, they have it all. How much are their incomes from political offices, Parlimentarians only make around RM 10,000 per month and while state assembly members make even less. Then how could they afford their lifestyles?

ACA? Ada apa guna? Dia ornag buta, can't even see that the politicians are living beyong their means? Malaysia is rich but has been ropped and squandered by politicians and their families.

Anonymous said...

經濟學家:美國衰退衝擊不大 通脹才是大考驗-28th Jan 2008

(吉隆坡27日訊)經濟學家認為,美國經濟衰退不會對大馬造成莫大沖擊,但大馬經濟最大的考驗反而是面對通脹壓力。


他們認為,美國極有可能引起的經濟不景氣,皆因這次美國發生股災的起因,主要是美國內部因素造成,其負面影響,並不會真正滲透到大馬內。

OSK僑豐投資銀行經濟學家徐克宇對《東方日報》指出,目前大馬經濟的其中一個最嚴峻的考驗,便是面對通貨膨脹的壓力。

不過,他說,「美國的經濟是否真的走入蕭條,還有待觀察。整體而言,我的看法是樂觀的。」

他指出,對于這次股災的衝擊,經濟專家普遍上存在著2種相反的觀點。一種看法認為,美國的經濟走勢,深深牽引著本地的經濟發展,使得我國的經濟,也會受到拖累。

股災導因不一樣

但是,他認為,這次美國股災所帶來的衝擊,會比過去數次的股災影響來得更小,而我國經濟上所存在著的一些負面因素,甚至可能因為這次股災而抵消。

他解釋,這次美國股災起因,與之前數次股災的原因並不相同,所造成的后果,也會不一樣。

「這次美國股災的主要原因,是由于美國次級房貸所牽連,導致金融與股市下滑。」

他說,但是之前所發生的幾次股災,根源卻全球性的。以2001年的股災為例,當時的主要原因是科技產業出現泡沫現象。「而大馬卻是科技產品的出口國,我國的經濟,必然直接受到打擊。」

與此同時,國際公正世界運動主席詹德拉受訪時認為,這次美國的經濟不景,對于本區域的經濟,仍會造成一定的衝擊。

他說,美國是世界最大的經濟體,各國也對美國的經濟過度的依賴,形成了不健康的現象。

詹德拉表示,這樣的關係造成只要美國的經濟,稍微風吹草動,其他地區將也出現動蕩。

首相兼財長拿督斯里阿都拉巴達威週五出席世界經濟論壇時指出,即使美國經濟衰退,大馬政府在強穩經濟基礎下有信心渡難關。他聲稱,大馬不過于倚重美國。

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