Countdown to 2020!

[Fakhri Nor]

Originally Posted by ashraf abdullah

subsidies are the most sensitive part to malaysians (other than manipulated version of ketuanan melayu etc)we actually broke but we are still demanding more n more.yeah..thanks to BN who had corrupted our people with subsidies until we were already too intoxicated with subsidies.and trust me, the oppositions will do exactly like the current gov did by supplying us freebies and free money if they can govern the country.

come on la..change our attitude first then ask the others to change.
nak makan best,kena la bayar mahal.

Nak makan best x semestinya bayar mahal.. As long as benda tu sedap, rasa dia elok, tempat selasa tak semestinya mahal.. Quality is not about the quantity you are paying..

[daeng_jal]

Originally Posted by constipation

OMG, u r misunderstood, he just being sarcastic there is some particular thing which is out of our control n we just hoped the best for this country regardless whoever govern .Ok, anyway,lets back to topic

Dubai has bhai dhabi.. Greece got mother EU to bail them out..who gonna bail us?

Would we get to 2020 without being sold to the highest bidder?

The current trend which both party racing to give more subsidies freebies and more mega project finance by more debt are trully disturbing

[ashraf abdullah]

Originally Posted by buildship

REFSA: Hutang negara mungkin cecah RM1 trillion
12:19PM Okt 18
Sekiranya hutang kerajaan persekutuan berkembang pada kadar RM50 bilion setahun, ia boleh mencecah RM1 trilion menjelang tahun 2020, kata badan pemikir bebas Pusat Penyelidikan Untuk Kemajuan Masyarakat (REFSA).

Senario yang menggerunkan itu dikemukakan semasa kajian REFSA mengenai Bajet 2012, yang memberi amaran bahawa impian menuju Wawasan 2020 boleh "berkecai" melainkan jika kerajaan berhemah dalam perbelanjaan kewangannya.

Defisit semasa negara berada pada RM437 bilion, yang menurut REFSA adalahlebih dua kali ganda bajet defisit RM217 bilion yang dilaporkan pada tahun 2004.

"Dengan kata lain, kerajaan telah menambahkan lebih banyak hutang pada enam setengah yang lalu sejak tahun 2004 berbanding dengan 47 tahun selepas Merdeka," petik laporannya itu.

Antara tahun 2007 dan 2011, defisit berkembang secara purata pada kadar kira-kira RM34 bilion setiap tahun.

Tetapi dengan andaian, defisit akan meningkatkan hutang tambahan sebanyak RM50 bilion setahun, Malaysia boleh menjangkakan jumlah hutang negara naik dua kali ganda lagi pada tahun 2020 menjadi RM1 trilion.

"Ini adalah 1 dengan 12 sifar di belakang - RM1, 000000000000," petik laporan itu.

Dengan mengandaikan kadar faedah sebanyak lima peratus setahun, laporan REFSA berkata, bayaran faedah sahaja akan menjadi RM50 bilion setahun.

"Ia adalah hampir keseluruhan kos projek MRT. Kami belum lagi memikirkan tentang bayaran balik hutang itu lagi, "kata laporan itu lagi.

dear admin, please delete or move this post to the other thread.i believe this nincompoop is very genius provocateur.i don't know what this news has anything to do with the vision 2020. in fact,it has no link whatsoever.

[constipation]

Originally Posted by daeng_jal

Dubai has bhai dhabi.. Greece got mother EU to bail them out..who gonna bail us?

Would we get to 2020 without being sold to the highest bidder?

The current trend which both party racing to give more subsidies freebies and more mega project finance by more debt are trully disturbing

Argentina can survive after economic collapse in 2001,no body helping them, so can we. About the subsidies, i put faith on the current administration.The next GST tax that might be implement by current government soon or later will avoid us to hv same fate as Greece.Moreover,our EPU (economic planning unit) at putrajaya r doing good job to improve our economy, they r highly educated professionals(i believe).

[buildship]

Originally Posted by ashraf abdullah

dear admin, please delete or move this post to the other thread.i believe this nincompoop is very genius provocateur.i don't know what this news has anything to do with the vision 2020. in fact,it has no link whatsoever.

if what the blogger said is true (with his theory and figure shown), it surely will affect malaysia from achieving vision 2020, i dont understand how it wont relate to vision 2020.

Doesnt means you post every good news to malaysia means malaysia automatically will achieve vision 2020, be realistic and face the problem please, i believe you wont hide the problem beneath the carpet by just ignore the issue

REFSA: Hutang negara mungkin cecah RM1 trillion
12:19PM Okt 18
Sekiranya hutang kerajaan persekutuan berkembang pada kadar RM50 bilion setahun, ia boleh mencecah RM1 trilion menjelang tahun 2020, kata badan pemikir bebas Pusat Penyelidikan Untuk Kemajuan Masyarakat (REFSA).

Senario yang menggerunkan itu dikemukakan semasa kajian REFSA mengenai Bajet 2012, yang memberi amaran bahawa impian menuju Wawasan 2020 boleh "berkecai" melainkan jika kerajaan berhemah dalam perbelanjaan kewangannya.

Defisit semasa negara berada pada RM437 bilion, yang menurut REFSA adalahlebih dua kali ganda bajet defisit RM217 bilion yang dilaporkan pada tahun 2004.

"Dengan kata lain, kerajaan telah menambahkan lebih banyak hutang pada enam setengah yang lalu sejak tahun 2004 berbanding dengan 47 tahun selepas Merdeka," petik laporannya itu.

Antara tahun 2007 dan 2011, defisit berkembang secara purata pada kadar kira-kira RM34 bilion setiap tahun.

Tetapi dengan andaian, defisit akan meningkatkan hutang tambahan sebanyak RM50 bilion setahun, Malaysia boleh menjangkakan jumlah hutang negara naik dua kali ganda lagi pada tahun 2020 menjadi RM1 trilion.

"Ini adalah 1 dengan 12 sifar di belakang - RM1, 000000000000," petik laporan itu.

Dengan mengandaikan kadar faedah sebanyak lima peratus setahun, laporan REFSA berkata, bayaran faedah sahaja akan menjadi RM50 bilion setahun.

"Ia adalah hampir keseluruhan kos projek MRT. Kami belum lagi memikirkan tentang bayaran balik hutang itu lagi, "kata laporan itu lagi.

[patchay]

I don't think Malaysia will go bankrupt because we have high savings rate.

Well, the Executive Govt (specifically the ruling party) may be running out of money (GE is coming), thus they pictured as though the Nation is going down with them. This is quite incorrect.

However, if the household+consumer debt and budget deficit continues to widen, then we are obviously DOOMED.

But the Govt have flush of cash and liquid assets in Petronas, PNB, EPF, Khazanah, Tabung Haji, KWAP, our major banks, etc. that the ruling Govt of the day can decide to use them all to pay/write-off all the Debts.

If that happens, we are MORE DOOMED.

[daeng_jal]

assuming global warming didn't get us 1st

Originally Posted by buildship

if what the blogger said is true (with his theory and figure shown), it surely will affect malaysia from achieving vision 2020, i dont understand how it wont relate to vision 2020.

Doesnt means you post every good news to malaysia means malaysia automatically will achieve vision 2020, be realistic and face the problem please, i believe you wont hide the problem beneath the carpet by just ignore the issue

he's complain that u put up no link to your sources lah

a big NO NO in this forum
(or academic writting)

[buildship]

Originally Posted by daeng_jal

assuming global warming didn't get us 1st





he's complain that u put up no link to your sources lah

a big NO NO in this forum
(or academic writting)

here u go!

http://greenboc.blogspot.com/2011/10...ng-negara.html

[ashraf abdullah]

waw...nowadays..anyone can blog~yeah..that's how easily malaysians can be provoked,kan?

[buildship]

Originally Posted by ashraf abdullah

waw...nowadays..anyone can blog~yeah..that's how easily malaysians can be provoked,kan?

you talk about papagomo?

[Skyprince]

Now our per-capita GDP is already USD15,000 right ? ( interms of buying power ).

To become a developed country ( economically/financially ) the buying power should be around...well everyone has different interpretation.... but USD 22,000-USD23,000 seems the border.

Based on current growth rate I think we can achieve that in 8-9 years..

In real/nominal term we need to raise from USD8,300 currently to USD 11,000 kan ?

[patchay]

Originally Posted by Skyprince

Now our per-capita GDP is already USD15,000 right ? ( interms of buying power ).

To become a developed country ( economically/financially ) the buying power should be around...well everyone has different interpretation.... but USD 22,000-USD23,000 seems the border.

Based on current growth rate I think we can achieve that in 8-9 years..

In real/nominal term we need to raise from USD8,300 currently to USD 11,000 kan ?

In terms of GDP per capita (PPP) is around US$25,000-30,000 minimum given today's inflationary settings. In terms of GDP per capita (Nom), we are around US$8,423 and we need to reach at least US$15,000.

Our GNI per capita is currently and officially at US$7,900 (although I think we reached US$8k+). According to World Bank, GNI per capita must be around US$15,000 to reach "High Income" status.

15k is the same amount being targetted by Uncle Idris Jala and his gang in Pemandu.

[buildship]

RM770,000 untuk bekalkan elektrik kepada satu rumah
Nigel Aw
2:38PM Okt 25, 2011
Tenaga Nasional Berhad (TNB) membelanjakan RM770,000 untuk membekalkan tenaga elektrik kepada sebuah rumah di bawah Projek Bekalan Elektrik Luar Bandar (BELB), dedah Laporan Ketua Audit Negara.

Menurut laporan projek BELB, dana itu sepatutnya bagi membekalkan elektrik kepada 17 buah rumah di sebuah kampung di Indera Mahkota, Pahang.

Bagaimanapun lawatan audit ke tapak berkenaan mendapati hanya terdapat sebuah unit rumah di kampung itu.

Dalam penjelasannya, TNB mendakwa ketika projek itu diluluskan, 17 rumah sedang dalam proses dibina tetapi akhirnya hanya sebuah yang disiapkan.

“Pada pendapat audit kelulusan projek BELB di kawasan ini tidak memenuhi kriteria yang ditetapkan iaitu jenis rumah di kawasan berkenaan hendaklah merupakan rumah kekal dan didiami serta sesuai dibuat pendawaian elektrik.

“Ini mengakinbatkan kerajaan mengeluarkan perbelanjaan berjumlah RM0.77 juta bagi membekalkan elektrik untuk sebuah rumah sahaja di kampung ini,” kata laporan itu.

Laporan Audit 2010 juga mendedahkan bahawa TNB meluluskan projek bernilai RM65,193 bagi membekalkan elektrik kepada lima buah rumah terbengkalai di sebuah kampung di Bera, Pahang.

Sehubungan itu, laporan berkenaan menilaikan prestasi projek BELB sebagai tidak memuaskan dengan hanya 43.2 peratus atau 16 daripada 37 projek yang disiapkan pada tahun lalu.

[nazrey]

Malaysia's debt rises to RM407bil
By EUGENE MAHALINGAM Tuesday October 25, 2011
http://biz.thestar.com.my/news/story...6&sec=business



PETALING JAYA: Malaysia's public debt level rose 12.3% to RM407.11bil in 2010 from RM362.39bil a year earlier, according to the Auditor-General's Report 2010.

National debt grew 12% to RM390.36bil in 2010 from RM348.60bil a year earlier while foreign debt grew 21.5% to RM16.75bil from RM13.79bil in the previous corresponding period, said the report released yesterday.

In 2010, unresolved public debt both at the national and foreign level grew by RM41.76bil and RM2.96bil respectively compared with 2009.

“The national debt level totalling RM390.36bil accounts for 95.9% of the Federal Government's total debt,” auditor-general Tan Sri Ambrin Buang said in the report.

He pointed out that the ratio of the Federal Government's debt to gross domestic product at the end of 2010 was 53.1%, which was over 50% for the second year in a row.

The national debt level is governed by various laws that impose a debt ceiling for the Government. Under Act 637 of the Loan (Local) Act 1959, and Act 275 of the Government Investment Act 1983, it is stated that the combined loans raised domestically should not exceed a ceiling of 55% of the nation's GDP.

Meanwhile, Act 403 of the External Loans Act 1963 limits external loan exposure to RM35bil.

The report also revealed that in 2010, the Government received revenue totalling RM159.65bil, which was an increase of RM1.01bil (0.6%) compared with RM158.64bil in 2009.

Accounts receivable for 2010 stood at RM20.37bil while the Government approved allocation amounting to RM149.06bil for operating expenditure. “However, the said allocation was insufficient to cover the expenses amounting to RM151.63bil,” said the report.

The report also revealed the implementation of a rating system based on an accountability index.

“Through this rating system, marks will be given for the compliance if regulations of six main elements in financial management, namely management controls, budgetary controls, receipt controls, expenditure controls, management of trust funds and deposits as well as management of assets and stores.

“The federal ministries and departments rated as excellent become a role model and this would motivate others to diligently improve and enhance their financial management,” it said.

[nazrey]

M'sia on track to digital economy by 2020, says Nielsen
Published: Monday October 24, 2011 MYT 2:37:00 PM
http://biz.thestar.com.my/news/story...2&sec=business

KUALA LUMPUR: Malaysia is on the right path towards a digital economy by 2020 amid strong demand for new technology, says Nielsen, a leading global information and analytics provider.

There is strong interest for new technology as Malaysians are ready for the changes as shown in the Malaysian Digital Consumer Report 2011, said Luca Griseri, Nielsen Malaysia director of customised research, client services.

Malaysia's digital transformation programme is going to change consumers' behaviour, he told a press conference after the launch of the Malaysian Digital Consumer Report 2011 here today.

Griseri said the report revealed that the take-up rate for smartphones and tablet computers is gaining significant momentum in Malaysia, and therefore the industry must ensure easy access for these devices.

"Smartphone ownership is expected to double in the next 12 months to reach 89 per cent from 48 per cent currently, while tablet computers is likely to reach 75 per cent from 18 per cent presently," he said.

To ensure a successful digital transformation programme, Griseri said telco players and the government need good cooperation to deliver the infrastructure and network capacity to enable Malaysians to enjoy new techology and devices.

Griseri said Malaysia is still lagging behind Singapore and Thailand in terms of Internet penetration and usage of new technology due to lack of infrastructure and geographical issues such as Malaysia being surrounded by forests.

He said online advertising spending will continue to increase given the rising demand for tablet computers and smartphones, as well as consumers spending more hours online.

The report showed Malaysians spend nearly 20 hours online per week.

Griseri said it is important for traditional media such as television and radio to integrate with online media to ensure a successful digital industry.

The Malaysian Digital Consumer Report 2011 examines Internet and techology trends in the usage patterns and future uptake in the Malaysian market.

Conducted in June and July 2011, a total of 1,321 interviews were completed among Malaysian consumers aged 15 and above. - BERNAMA

[nazrey]

AG's Report: RM5bil cash reserves used to meet revenue shortfall
Updated: Monday October 24, 2011 MYT 7:40:17 PM
http://thestar.com.my/news/story.asp...036&sec=nation

PETALING JAYA: The Federal Government's source of funds for last year totalled RM519.99bil but its expenditure was at RM525.93bil, according to the Auditor-General's Report 2010.

Cash was used to overcome the RM5.95bil shortfall, it said.

As a result, cash reserves last year dropped from RM27.5bil in January to RM21.57 in December.

The report also said that the ratio of the Federal Government's debt to the Gross Domestic Product (GDP) at the end of last year was at 53.1%, which was more than 50% for two consecutive years.

The country's national debt last year stood at RM407.1bil, an increase from RM362.39bil in 2009.

However, tax collections increased last year by RM1.01bil to RM159.65bil compared to 2009.

[nazrey]

Transformation plans to modernise rural areas
Monday October 24, 2011
http://thestar.com.my/news/story.asp...414&sec=nation

KUALA LUMPUR: Rural settlements will turn into modern towns that are expected to attract investors and at the same time create job opportunities for the people next year.

Rural and Regional Development Minister Datuk Seri Mohd Shafie Apdal said the development efforts, however, would not compromise the values and culture of the rural society.

He said the development plans would be carried out through a unified implementation through various related government agencies that would change the rural socioeconomic landscape as the country headed towards achieving high-income nation status by 2020.

Prime Minister Datuk Seri Najib Tun Razak said the development of rural areas complemented the country’s overall transformation programme where it would attract investors from the private sector, provide more job opportunities and economic activities while also encouraging the younger generation to return to their respective hometowns to look for business prospects.

Deputy Rural and Regional Development Minister Datuk Hasan Malek said the development for the rural areas would follow with the implementation of basic amenities, such as the construction of roads, clean treated water and electricity supply, which comes under the GTP’s Rural Basic Infrastructure NKRA initiative.

[nazrey]

Budget to lighten cost of living
By NOEL CHANG Monday October 24, 2011
http://thestar.com.my/news/story.asp...367&sec=nation



Budget for the people: Najib and Muhyiddin showing the Budget 2012 book
after the tabling at Parliament in Kuala Lumpur recently. Looking on is second
Finance Minister Datuk Seri Ahmad Husni Hanadzlah (right).

KUALA LUMPUR: Deputy Prime Minister Tan Sri Muhyiddin Yassin said Budget 2012, which was tabled by Prime Minister Datuk Seri Najib Tun Razak, is one of the best laid out national plans yet.

He said the Budget touched the lives of the people whether they were farmers, fishermen, retirees or civil servants as it addressed the cost of living issue that affected everyone.

“The Budget was created with careful consideration of the country’s current economic climate,” Muhyiddin said at Parliament after the Budget announcement recently.

He said an example in addressing the issue of inflation at the micro level was the distribution of RM500 to families whose household income were below RM3,000 a month.

Muhyiddin said the Government had allocated RM1.8bil for some 3.4 million households.

The Government, through the Budget, has announced several initiatives under the Government Transformation Programme (GTP)’s Cost of Living (COL) National Key Results Area (NKRA) to reduce the burden of soaring living expenses of the people.

Muhyiddin is the lead minister for the COL NKRA.

The Deputy Prime Minister said one of COL NKRA initiatives was the 1Malaysia store (KR1M), which sold over 200 essential goods for as low as 40% of prices found in other outlets.

The KR1M stores will soon be available nationwide.

At the same time, he also said more 1Malaysia Clinics would be opened across the country by the end of the year.

There were other initiatives announced in the Budget aimed at alleviating the cost of living, such as tax relief given to those with private retirement schemes and senior citizens aged 60 years and above would be exempted from outpatient registration fees from government hospitals and health clinics.

The Employees Provident Fund (EPF) contribution from employers is set to increase from 12% to 13% as well.

The Government will also introduce more initiatives in the coming months to address the needs of the people.

[nazrey]

Malaysia eyes world's top 10 in business ease of use
2011/10/25
http://www.nst.com.my/nst/articles/M...ofuse/Article/

KUALA LUMPUR: Malaysia aims to be among the world's top 10 economies for ease of doing business, International Trade and Industry Minister Datuk Seri Mustapa Mohamed said today.

The World Bank in “World Bank Doing Business Report 2012” reported that Malaysia had achieved significant improvement when it was ranked 18th from 23rd position this year.

“We have seen improvements. Our wish is to be in the top 10,” Mustapa said at the launch of KL Metropolis here today.

The minister said the evaluation was based on various factors including infrastructure such as transportation.
He said the government has provided a comprehensive and conducive environment for foreign investors to do their business activities in Malaysia.

It is hoped that with KL Metropolis, Malaysia would be able to strengthen its ranking and attract more foreign investors to expand their businesses in Malaysia, he said.

Mustapa also said there was demand for space for exhibition centres in Malaysia. “There is demand, if you talk to KLCC (Kuala Lumpur Convention Centre) and PWTC (Putra World Trade Centre). Demand created can be supply-driven. If you can create supply, you can promote and create demand,” he said.

He said currently Malaysia has four international exhibition centres, including PWTC, the largest, and KLCC.

“To host world-class events, we need to have international centres. Exhibition is big business. We are catching up and we can do more,” he added.

Meanwhile, the new MATRADE Centre, which spans one million square feet, comprises three floors of exhibition space with 11 large-sized exhibition halls, a multi-purpose hall, meeting rooms and conference rooms, a press conference room supported by business centres as well as VIP rooms.

The centre is expected to be completed in 2014. - BERNAMA

[buildship]

Air berkuman dibekalkan ke 10 sekolah
Aidila Razak
4:33PM Okt 25, 2011
Laporan Ketua Audit Negara 2101 mendapati bahawa bekalan air terawat ke kantin sepuluh sekolah rendah mengandungi tahap bakteria dan logam yang tidak selamat untuk diminum.

Penemuan ini berdasarkan ujian air tawar, yang dijalankan pasukan audit ke atas air yang telah dirawat dan air paip ke kantin di 13 buah sekolah.

Air yang digunakan di kantin SK Kg Kudong, Segamat; SK Sejagong, Batu Pahat didapati mengandungi kehadiran bakteria seperti Total Coliform dan E Coli yang tinggi.

“Pihak KKM memanadang berat pelanggaran paarmeter bakteria dalam air terawat yang dikesan dalam kajian ini kerana kehadiran bakteria seperti Total Coliform dan E Coli dalam air minum boleh menyebabkan wabak penyakit bawaan air seperti kolera, tifoid dan hepatitis A sekiranya air yang tercemar diminum secara terus dan berterusan,” petik laporan itu.

Air yang dianggap selamat untuk diminum tidak seharusnya mempunyai sebarang Coliform dan E Coli manakala paras 6.5 hingga 9 pada skala pH.

Sekolah-sekolah lain yang disenaraikan mempunyai tahap 'terlalu tinggi' bakteria yang boleh menyebabkan keracunan makanan, adalah:
SRJK (T) Ladang Lambak, Kluang
SMK Alor Pasir, Tanah Merah
SK Lata Rek, Kuala Krai
SK Juara, Rompin
SK Luat, Lenggong
Keputusan dari SK Benggol Petai, Pasir Mas dan SK Kuala Koyan, Kuala Lipis juga menunjukkan tahap 'terlalu tinggi’ untuk kiraan bakteria Coliform.