Read more at https://www.channelnewsasia.com/news/asia/lim-guan-eng-asks-for-patience-as-government-restores-malaysia-s-11150732
(Updated: )
Ricky Lim
Among others, he pointed out that Malaysia’s foreign direct investment increased by 250 per cent to RM49 billion (US$11.8 billion) in the first nine months of 2018. Exports also rose to a record RM96.4 billion, he said.
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Very interesting, FDI rose by 250 per cent to RM49 billion (US$11.8 billion) - thought :-
(1) old man cancel China investment US$23 billion
(2) Singapore postpone investment into Iskandar RM$10.6 billion - with many project overhang now.
--- how to achieve a rise in FDI?
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Very interesting, FDI rose by 250 per cent to RM49 billion (US$11.8 billion) - thought :-
(1) old man cancel China investment US$23 billion
(2) Singapore postpone investment into Iskandar RM$10.6 billion - with many project overhang now.
--- how to achieve a rise in FDI?
Ricky Lim
Debt of Malaysia rise to RM$734 billion and need to pay RM$27.1 billion debt interest every year.
Ricky Lim
Malaysia cuts growth target, sees budget still in deficit through 2020
FRI, OCT 19, 2018 - 5:50 AM
Dr Mahathir has blamed his predecessor for taking the country into heavy debt. The new government has cancelled billions of dollars of public projects and said it may introduce new taxes and sell assets to pay off debt. PHOTO: BLOOMBERG
Kuala Lumpur
MALAYSIA will see wider fiscal deficits and slower economic growth than earlier forecast through 2020, the government said on Thursday, underscoring the challenges facing the new administration led by Mahathir Mohamad.
Unveiling new forecasts in the mid-term review of the five-year development plan, the government that was voted into power in May said it would cut development spending and will rely more on the private sector to spur growth.
The announcement could have an impact on Malaysia's sovereign credit ratings, which rating agencies have warned could take a hit if the government is unable to narrow its budget deficit. The revised forecasts also set the stage for an austere 2019 budget, due to be announced on Nov 2.
FRI, OCT 19, 2018 - 5:50 AM
Dr Mahathir has blamed his predecessor for taking the country into heavy debt. The new government has cancelled billions of dollars of public projects and said it may introduce new taxes and sell assets to pay off debt. PHOTO: BLOOMBERG
Kuala Lumpur
MALAYSIA will see wider fiscal deficits and slower economic growth than earlier forecast through 2020, the government said on Thursday, underscoring the challenges facing the new administration led by Mahathir Mohamad.
Unveiling new forecasts in the mid-term review of the five-year development plan, the government that was voted into power in May said it would cut development spending and will rely more on the private sector to spur growth.
The announcement could have an impact on Malaysia's sovereign credit ratings, which rating agencies have warned could take a hit if the government is unable to narrow its budget deficit. The revised forecasts also set the stage for an austere 2019 budget, due to be announced on Nov 2.
Like · Reply · 1m
Ricky Lim
The greatest Archilles heel of this old hat is :-
(1) Economic performance
(2) Financial debt
(3) No coherent and long term economic plan to grow its economy
(4) fiscal deficit year after year - Finance its budget spending based on debt
--- only know how to offend his trading partners and investors
like China, like Singapore.
So if we hit the old hat hard on this --- the old hat will give way.
(1) Economic performance
(2) Financial debt
(3) No coherent and long term economic plan to grow its economy
(4) fiscal deficit year after year - Finance its budget spending based on debt
--- only know how to offend his trading partners and investors
like China, like Singapore.
So if we hit the old hat hard on this --- the old hat will give way.
Like · Reply · 1m
Georgie Tan
Wait for another 22 years. How to make progress when your country so busy bullying SG. It goes to show that the Govt cannot perform so must find small country to play play. M keep going travelling but did he bring anything back to Malaysia? What is your JBCM doing? Give him better project to do and stop wagging tail for M.
用李
Why tell your country man/woman to suffer for another three years after asking them to donate while u continue to stay in a cheap cheap luxury villa's?
Manifestos erase off only after months into power, Where is your determination?
Busy built car factory?
Creating so much nonsense with Singapore while Malaysian suffer?
How much wealth the 93 had donated & what abt u??
Manifestos erase off only after months into power, Where is your determination?
Busy built car factory?
Creating so much nonsense with Singapore while Malaysian suffer?
How much wealth the 93 had donated & what abt u??
Raymond Goh
That Old Dog is unable to bring anything for Malaysia. Go to Japan, what happen? Go to see Pask Joko, What Happen? Nobody trust this PH government .Investors are smart businessman and cannot be conned by these corrupted PH politicians especially the Old Dog. Malaysia is as dead a country worse off than during Najib's rule. Najib has plan for the country, these PH politicians have plans for themselves and their family members.
Yi Yong Ke
Frank Kam
Old dog is dying...senile...
but don't want to let go...
keeps barking nonsense and ridiculous barks.
Old dog is dying...senile...
but don't want to let go...
keeps barking nonsense and ridiculous barks.
Pigmoon K
Sign ICERD. Half the battle will be won.
Hide racism? MY will NEVER advance.
Hide racism? MY will NEVER advance.
Andrew Nguan
Pigmoon K how to care if we aren't Malaysians? Dr. M specifically said we have no right to comment, criticize, get involved or even care if we are not its citizens.
Tommie Vale
The greatest mistake Malaysia made is to elect the present government and this government goes against Singapore.
Malaysia can't be successful if it goes against Singapore. If Malaysia doesn't recognise this fact, then too bad. It won't come out of its economic downturn.
Malaysia can't be successful if it goes against Singapore. If Malaysia doesn't recognise this fact, then too bad. It won't come out of its economic downturn.
Andrew Nguan
We need Malaysia to remain like this. If Dr. M can unite the nation and motivate them to be like South Korea, Japan, Hong Kong or Singapore; we will be replaced.
Raymond Goh
Andrew Nguan There is no way for it to happen when all leaders and governing politicians are corrupted. This MY will be a full corrupted society in days to come. It will always remain as a third word DEVELOPING country.
Frank Kam
"Among others, he pointed out that Malaysia’s foreign direct investment increased by 250 per cent to RM49 billion (US$11.8 billion) in the first nine months of 2018. Exports also rose to a record RM96.4 billion" - My goodness !!!! That was during Najib's Goverment, isn't it ??? Why is he taking credit for it ???
Vincent Lim
Have the same PM always want to go against everyone will never progress to busy fighting everyone.
Pher Kim Huat
Come on or dream on..... Mr Lim. With the vintage poisonous cobra at the helm under the PH umbrella, can you expect to restore M'sia's economy with those outdated policies ? You said before in a CNA interview that the cunning old fox had changed to version 2.0 but how to change in his "borrowed time" and now he is still doing the same "poisonous injection or strategy" into S'pore, and continue his expertise in politicking to deceive his own people in order to regain his power & influence ? Looks more like DAP = MCA to clean M'sia's dirty linen ?
Shooter Shoot
Why Wait if everyone knows that with this OLD MAN 93 around, it will never gets better. This Old Man 93 only good in diverting attention in the cheapest way at Singapore instead of focusing in economy....Sorry, Even he focus & put 1000% attention to econnomy, his a bility cannot make it, just a waste of 2 years for Malaysia !
KS Lim
As the bible says "Matthew 7:15-20 - You Will Know Them by Their Fruits". The only fruits we can see our northern neigbour is encroching, threatening, intruding etc... This is what the bible says again "you reap what you sow".
Frank Kam
Telling citizens to be patient and endure... while the old snake is having a time of his life travelling around the world. I am very sure that this snake had travelled more than any world leader since winning the election !!!! Wat a waste of tax payers money for him to travel and spread nonsense around the world !!!
Kwai Meng Tang
He is trying rejuvenize his state man status and passing negative comments about Singapore is one of his old tricks.
Reply · 2h
Pher Kim Huat
The old cunning fox will never change especially against S'pore. This may be why Johor sultan use his oldest (or first) vintage Proton 1 instead of his Rolls Royce to send the poisonous cobra off to Sinai airport. The sultan seems to hint to the old M that "you're older than your Proton 1, please get lost and don't ever use your appointed MB in Osman Sampan to intrude into my property.
Kwai Meng Tang
How do you focus on restoring the economy when your component members have different agenda on their mind now that they tasted power in their mouth (mind).
Pher Kim Huat
Spot on Frank Kam, instead of being the saviour to clear M'sians debt, the old cunning fox seems to be enjoying himself travelling unnecessarily at the expense of taxpayer's money and ultimately increase M'sia's debt further to trillion$ in MR ? Another increase in MR amount could be his own bank account and that of his cronies.
Yi Yong Ke
Restore the economy???
Ask Najib for help.
Najib can help you as he has the experience of ruling Malaysia as a country and not a state like Penang.
Ask Najib for help.
Najib can help you as he has the experience of ruling Malaysia as a country and not a state like Penang.
Raymond Goh
Well Said. Najib is more focus on the country economy and more intelligent than all these PH clowns. Under the Old Dog, these PH politicians are trying to create their agenda to profit themselves ion quick prior to next election. Everyone of them including the Old Dog and his three sons.
Pher Kim Huat
This is one of the "dirty plot" of the Old M asking M'sians to be his patient as he is a medical doctor otherwise he'll have to close his clinic (i.e. PH). How can all M'sians to be so sick to become his patients at one go ?
G Don Eric
What patience are you talking about Guan Eng? BN under Najib Razak has delivered more than 99.4% of GE13 manifestos and was expected to deliver the GE14 manifestos too.
Despite a short time, Najib has created MRT, Pan Borneo Highway, new ports, High speed rail, TN50, billions of investments, cash handouts, low cost housing, new merdeka tower, East Coast RAIL, subsidized hajj, more funding for chinese sch and indian temples, created 3 million jobs, digital free trade zone, 6.2% economy growth, highest tourism numbers, Indian blueprint, saving Proton, removal of tolls, more funding for young entrepreneurships and many more.. This is despite PH committing economic sabotage of the country. wHAT has PH done to improve the lives of Malaysians apart from instigating the rakyat to hate Najib and only give empty promises and lies plus more u-turns?
Despite a short time, Najib has created MRT, Pan Borneo Highway, new ports, High speed rail, TN50, billions of investments, cash handouts, low cost housing, new merdeka tower, East Coast RAIL, subsidized hajj, more funding for chinese sch and indian temples, created 3 million jobs, digital free trade zone, 6.2% economy growth, highest tourism numbers, Indian blueprint, saving Proton, removal of tolls, more funding for young entrepreneurships and many more.. This is despite PH committing economic sabotage of the country. wHAT has PH done to improve the lives of Malaysians apart from instigating the rakyat to hate Najib and only give empty promises and lies plus more u-turns?
Danial Fernando
How can Malaysia restore confidence and economy when its Finance Minister Guan Eng is manipulating the debts of Malaysia which even World bank and Moody has refuted? There is no 1 trillion debts as alleged by PH, if its true please sue World Bank and Moody then?
All Pakatan gahmen is doing everyday is to attack BN and Najib Razak with no evidence just to justify PH poor performances and not helping the people. The economy is getting worse as investors are running away and people losing jobs. The current by-election at Cameron Highlands , PH has flouted the laws many times by threatening Orang Asli voters, giving cash for "petrol" when in reality they are all ferried by bus. Plus your DAP Raub MP was caught using gahmen vehicles for political activities and worse uttered vulgar language and acting like a gangster when caught red handed. So what is the PH gahmen doing ? people are monitoring your poor performances and double standards gahmen.
All Pakatan gahmen is doing everyday is to attack BN and Najib Razak with no evidence just to justify PH poor performances and not helping the people. The economy is getting worse as investors are running away and people losing jobs. The current by-election at Cameron Highlands , PH has flouted the laws many times by threatening Orang Asli voters, giving cash for "petrol" when in reality they are all ferried by bus. Plus your DAP Raub MP was caught using gahmen vehicles for political activities and worse uttered vulgar language and acting like a gangster when caught red handed. So what is the PH gahmen doing ? people are monitoring your poor performances and double standards gahmen.
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