Monday, January 5, 2015

2015: A Challenging year

This year is the year of the Goat, a symbol of meek and timid animal. It is often associated with harmony, peace and tranquility. However, what we have observed of late is a series of unexpected events and tragedies with casualties. Hence, 2015 looks like a year that will not be lacking of surprises with financial instability and even the possibility of economic turmoil.

The dramatic drop in oil prices from US$115 to less than US$60 a barrel will be the biggest financial challenge that the Malaysian Government has to confront. Oil accounts for one third of the government coffers. The dramatic drop of revenue and the decrease in dividend from Petronas will be a major negative impact on the Government’s revenue. While the Government may save from oil subsidies, this will not be enough to cover the shortfall from the oil revenue. Hence, will the 2015 development budget be reduced or we may have to trim the expenditure budget. Trimming the development budget will affect growth and reducing the operating expenditure will be a tough call as it is not easy to trim the fat of the Government’s machinery.

China, Europe and Japan slowdown will negatively impact our trade and export. Commodity and oil palm prices will drop because of lack of demand. Depreciation of the Malaysian Ringgit against the US currency will benefit some export sectors that receive their payment in US currency. However, some of the import goods may become more expensive.

While the GST is supported by the majority of rakyat and is a positive development in financial taxation system, it will however lead to increase of inflation of 1-2 percent. Technical glitches will appear in the early stages and it is our fervent hope that our government agencies, especially customs will really exercise caution in their hand holding exercise during the early stages of GST implementation. 

The politics of race and religion will continue to rear its ugly head. While the voice of moderation is heard loud and clear, political leadership and management are urgently required to manage these voices of moderation against the minority of extremists. We should not let the minority of extremists hold us to ransom. Hopefully sanity, rationality and moderation will prevail.

PAS will not give up on its implementation of Hudud. Rakyat will be waiting to witness how DAP and PKR will implement its agreed to disagree with PAS on Hudud.

Sunday, November 2, 2014

任马登董事立场即转 陈德波前言不对后语






此外,蔡细历也说,陈德波也必须向马登的小股东道歉,因为陈德波曾误导他们,指说马登的股价值1令吉80 仙到2令吉,让这些小股东相信并还在等待这样的股价。






Tuesday, October 7, 2014

Chinese Mother Tongue Education

I observe that in the recent UMNO divisional AGM, many divisions have passed on a resolution calling for the Government to either abolish SRJK (C) or to stop the construction of new SRJK (C) schools. This is an old issue often used by politicians from both political divide to make them look great and good.

In the MCA AGM, Education, especially in mother tongue education is a sure hot topic. Politicians must not forget that freedom of education and the right to study mother tongue education is enshrined in the Constitution. Blaming Chinese education for disunity sounds like a desperate politician unable to understand the underlying cause of disunity in a multi racial country.

Opposition like any opposition party of the world is there to discredit the Government. Unfortunately UMNO politicians seem to take the bait, like hook line and sinker. Mother tongue education will not be an issue and the opposition will have no opportunity to exploit it if the Government gives adequate, equal and fair treatment to the Chinese education without neglecting Bahasa Melayu. It is only the naive that believes a singular education system will create unity in Malaysia.

I thought Malaysians are always proud of our strength in diversity. 57 years after independence, we seem to lay the blame on diversity and a bilingual education system as a root to our disunity among the ethnic groups. 15% of the Chinese school enrolment comes from Non-Chinese and the percentage is increasing everywhere. Are you saying parents are not sensitive to their children’s needs? A parent is most concerned about their children’s education irrespective of their social status. They want the best for their children.

There are many examples in the world that in a mono ethnic country with same religion and mother tongue but they are the most disunited people. In these countries, opposition do not come from a single ethnic group; there are deeper issues involved in disunity, on which I do not wish to go into detail.

So, hopefully some UMNO divisional leaders will wake up, this issue will not bring any benefit, both to the party and in the General Election. It is the intolerance and refusal to accept the different stream of education that causes us more ethnic tension. If some UMNO leaders does not wake up to today’s political reality in Malaysia, UMNO and BN will miss the train and start the blame game. Progressive and competitive nation should encourage its citizen to be multilingual but unfortunately, some politicians just ignored the elephant
in the room. They choose to get the 5 minutes publicity.









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As a concerned MCA member, I am trying my best to help in the process of rebuilding and repositioning of the party.

Therefore, I welcome party members and members of public to post your constructive suggestions and opinions on my blog on how to rebuild and reform the party, eventually enabling MCA to regain support from all party members and the community.

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