YOURSAY | ‘We hope he will strive to tell us the true state of our economy, always.’
Unspin: I totally agree with Finance Minister Lim Guan Eng. This is the time to set a new baseline, instead of pretending that there is nothing wrong with the economic mismanagement of the previous government.
While you are at it, you might as well throw the kitchen sink at it, because when you reach the bottom, the only way is up.
Anonymous_d441d5dc: We need to be mindful of the fact that this government has just turned two weeks old.
Lim has reassured us that he is coming out with solutions, and we will weather this storm soon enough. Shall we give them some time before hammering him on his 'PR stunts'?
It's a one trillion hole that he needs to cover, and this will require a lot of work from the Finance Ministry.
It's a bitter pill to swallow, but I for one am glad to see that the facts are out there, and that transparency and honesty are the roads less travelled that they are choosing to take.
Apa Nama: Lim, you need to be honest, and at the same time, be sensitive to market response to your comments. Learn to kill two birds with one shot.
I believe for the time being you may be forgiven since you are still learning the ropes. When you mentioned about debt, you also need to give some facts on how you are going to solve this debt issue.
The simple mantra as finance minister is when you give bad news, you supplement it with good news (facts on how to overcome it).
Thus, you can fulfil your intention of being honest and transparent as well as control market responses.
Because you are not a stockbroker, you cannot be a loose cannon in the name of being honest and transparent. This is wrong.
I understand you are eager and enthusiastic in your post as finance minister. But do it with some panache, so that it will look more like a finance minister talking and not an opposition member.
This is not a 'ceramah' session. I hope you can change your style of handling press conferences as finance minister. We are watching you.
The choice of words is important, and the approach you use needs to change.
Anonymous 8231440077354: An assurance without facts only comes from snake oil salesmen like former PM Najib Razak and his Umnoputra cohorts.
When a country's fundamental is built on a solid foundation like rule of law, separation of powers and a clean, honest government, the market will appreciate it.
In economics, we do not need a fast-cure cold medicine that only provides temporary relief without addressing the core problems.
Quigonbond: Even listed companies are expected to make announcements about any material issues that may affect its price, what more the Malaysian government, which won the election on the ticket of good governance.
The only question is whether the figures mentioned, be it debt of 80% of GDP, is correct.
The PM and finance minister have relied on data provided by MOF (Ministry of Finance) officers - they have been monitoring all the public-private partnerships (PPP), government guarantees, etc.
I highly doubt that those figures will change. If anything, once the red files and other secrets emerge, it could be even worse.
Stating what the new finance minister knows now gives time for the market to adjust, cushioning any knee-jerk reaction in the future in case there is further bad news.
Critics should also bear in mind that figures are already out there, and if no announcement is made, it will lead to rumours and speculation, which will be even more damaging.
Not to mention fingers pointed at the new government for cover-up. So to me, even if Bursa Malaysia tanks, it's all good. There can only be improvement after this.
Visu: That's the way to go, Lim. Honesty and transparency has the capacity to attract honest and capable investors, for they see a longer-term benefit and a more reliable system.
The crooks and thieves who see quick gains through unscrupulous means would have to transform to fit into the new system.
Confidence in the nation's economy and its growth will return on a more definitive footing, for the nation has shown its desire to throw out the parasites and the corrupt.
Surely there will be initial pains, but the change in character of the nation's management would bring lasting benefits.
Caripasal: Who cares about the opinion of those foreign investors? They have been talking about presenting real data or figures, and not the fake ones. So why are they complaining when we tell them the truth?
We do not care about the ups and downs of KLSE. That is up to the market.
What we want is exactly what Lim is doing now. We hope he will strive to tell us the true state of our economy, always.
WilliamWallace: If investors cannot take honesty and integrity, then perhaps they should take their business to other parts of the world.
Malaysia no longer needs proceeds from crime. We aim to be an advanced, sophisticated nation.
Fateh: By having an accountable and transparent government, the country will regain the confidence of the rakyat and investors.
The country was rotten to the core for the past many decades, and now, we, the rakyat of Malaysia must have the patience to see through the changes that will bring forth new life and glory. -Mkini
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