Tuesday 10 July 2018

Potential Deflation?


On 9 May 2018, Pakatan Harapan (PH) was set to change the political and economic landscape of the nation. A new Malaysia was born. Or, so it seems! Are those great expectations turning into a potential deflation?

“Give them time”, say some. But the low-lying fruits of change are still on the trees. Why? Political expediency? Or, no gumption to pursue “true North” in the first place?

PH could implement the following (not in any particular order of importance) without causing any real upheaval:

       i.          Disband the infamous BTN, hopefully as the Minister of Youth and Sports says;

      ii.          Step-up green energy projects – including electric cars, renewable and solar panels for homes;

    iii.          Repatriate Zakir Naik to India following the “rule of law”;

    iv.          Remove all those legislation that offends one’s senses – POTA, SOSMA, AFN and many others – by introducing one-page Bill to revoke all unjust laws – and cite them as an attached schedule;

      v.          Recognise UEC within next three months;

    vi.          Recognise Khazanah, Petronas, GLCs and GLICs belong to all Malaysians;

   vii.          Introduce  an income or needs-based policy;

 viii.          Reduce cost of medical supplies;

    ix.          Establish a new PNB fund for low-income / wage earners;

      x.          Enforce price reduction policy on all items under previous GST;

    xi.          Introduce a “super” tax on very high wage earners (above RM1.5m p.a.);

   xii.          Maintain electricity tariffs for industry (i.e. no increase for the next 12 months);

 xiii.          Establish the Independent Police Complaints and Misconduct Commission (IPCMC) to investigate all abuses by the police;

 xiv.          Create a new Corrupt Practices and Reconciliation Commission to resolve all institutional corrupt practices; and

   xv.          Create a task force under BNM to resolve the property overhang of RM23 billion (or more).

Implementing the above meaningfully will make PH really different in this New Malaysia. Otherwise, we are living in a re-badged BN.

Happy Birthday to our beloved Tun Dr. Mahathir Mohamad.  Wish you a very long and productive life!  God bless!




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