DON’T EXPECT ANYTHING FROM LAZY NAJIB: WEAK-WILLED & BIG MONEY ALREADY SIPHONED OUT OF THE COUNTRY, WHAT CAN HE DELIVER BUT QUICK CASH-FIXES IN BUDGET 2018 TO FOOL THE MASSES

DAP’s Liew Chin Tong says Prime Minister Najib Razak has eluded seven issues that have impeded the country’s growth.

“Instead of steering the nation through tough and difficult rebalancing and reforms, he chose the lazier and populist way by sidestepping the heavy lifting acts required of his leadership,” said Liew in his blog today.

Liew listed down seven points where the Najib administration hampered Malaysia’s growth.

Firstly, Liew said Najib failed to ensure a fairer distribution of domestic consumption since the global financial crisis in 2008 which led to workers being paid less to compete in the export market.

“During the export-led era, paying workers less allowed us to have competitive prices in the export market.

“But today, paying Malaysian workers better means more sustainable income-driven domestic consumption,” he said.

Secondly, he said Najib has not brought the nation beyond the labour intensive model which focuses on unskilled labour.

Liew said the nation should focus more on “brain power, not brawn power” and this will encourage young Malaysians to stay in the country and contribute to the economy.

Thirdly, he said Najib has not focused on the medicinal or heath economy of the nation. He said the society needs to rethink and adapt to the ageing populace. There is a huge potential to provide employment opportunities and benefits.

Fourthly, Liew said the Najib administration has focused too much on the Mass Rail Transit and Light Rail Transit infrastructure, forgetting about the last mile transport problem.

To shift “50% of transport mode from private cars to public transport, Liew said there should be a plan for a “massive deployment of buses”.

Fifthly, Liew said the roles of government-linked investment companies (GLICs) and government-linked companies (GLCs) should be rethought in terms of investment, health sector and property sector.

Liew said the government should not allow GLICs to invest too much of the nation’s capital overseas while the nation’s economy suffers.

He also said the role of GLCs in the health and property sector should be rethought to provide better and affordable service to the public.

Sixthly, Liew said banks should move beyond the property and automotive industry and start serving productive sectors.

“Financing is very important to the economy. If up to 60% of loans of major banks are for property purchases and up to another 20% for cars, something is very wrong with our banks,” he said.

Lastly, Liew said the government’s roles should be reassessed to provide for a more holistic nation.

– https://www.themalaysianinsight.com