Monday, January 24, 2011

Top Five

of the developing countries


News is rife that according to the U.S based financial watchdog Global Financial Integrity(GFI), Malaysia is among the top of developing countries in terms of illicit fund outflows. In fact, ranked fifth, chalking up a total of some RM888 billion between 2000 to 2008!

Close to a trillion Ringgit is a huge sum of money however you look at it.

According to GFI, illicit financial outflows is defined as generally involving transfers of money earned through illegal activities such as corruption, transactions involving contraband goods, criminal activities and efforts to shelter wealth from a country's authorities.

What is even more worrying here is that allegedly enterprises such as national oil company may be driving the illicit flows.

Both Anwar and Lim Guan Eng have called for the allegations to be investigated as well they might, and concerned Malaysians too.

The Prime Minister, however, have been reported to only say that Bank Negara will come up with a statement.

For the sake of the country and concerned Malaysians, I just hope that we will not use the same old inane response we used to adopt in the past especially during Mahathir's time, that, compared to others we are still better off.

Yes, we are No 5 and China it seems is No1 in terms of illicit funds outflow.

But China is a huge country and the second largest economy in the world. You cannot just simply compare China with Malaysia. And what is there to compare? We are talking here of something negative!

According to Lim Guan Eng, if the RM888 billion were given to the rakyat, each child, man and woman would receive RM33,000.00!

I reckon that if that sum of money were invested wisely over the years for the rakyat, Malaysia might even be the No 1 country or at the top of, to have the most number of millionaire households in the world!

That would have been an achievement to be proud of surely.




 

 

No comments:

Post a Comment

Video Bar

Loading...

Kluang's Little Bangsar

Kluang's Little Bangsar
Click To Visit

Kamini's Indian Wedding - Click To Visit

Kamini's Indian Wedding - Click To Visit
I attended my neighbour's daughter's Indian wedding dinner at the Sentul HGH Convention Centre. Click for a peek

Yasmin Ahmad - Click To Visit

Yasmin Ahmad - Click To Visit
Yasmin Ahmad was arguably Malaysia's best story-teller, filmmaker and advertiser. She was well known for her Petronas commercials and had won numerous international awards including the Golden Lion award for the 'Tan Ming Hong In Love' commercial. Her feature film Sepet not only garnered her several international awards including for Best Asian Film but also drew multi-racial audiences that rarely happens for a local film.

Genting Highlands - Click To Visit

Genting Highlands - Click To Visit
Genting Highlands Is A Popular Retreat With A Casino

Batu Caves - Click To Visit

Batu Caves - Click To Visit
Malaysia's Famous Landmark. Note The Statue Of Lord Muruga And The 272 Steps To The Temple Cave In The Background

Petronas Twin Towers And KLCC Park - Click To Visit

Petronas Twin Towers And KLCC Park - Click To Visit
Petronas Twin Towers Are Still The World's Tallest Twin Towers

Some Early Morning Views Of KL City Skyline - Click To Visit

Some Early Morning Views Of KL City Skyline - Click To Visit
Some early morning views of the KL city sykline I took from the 3rd floor of the KL Court with a low-pixel hand-phone camera

Kluang Town - Click To Visit

Kluang Town - Click To Visit
Kluang was a sleepy hollow, but is fast becoming a bustling town. You can't miss the bust-shaped gunung Lambak lording over the place and the town is well known for its tv brand coffee powder

Kluang RailCoffee

Kluang RailCoffee
The Kluang railway station coffee shop, now re-branded Kluang RailCoffee, is well known for its cuppa of coffee and the charcaol grilled piping hot buns oozing with butter and kaya...It used to attract standing-room only crowds. It still does, but the last time I was there it wasn't a good experience for me. The famous coffee had somewhat lost its oomph and even the buns...The shop has a long and noted history being first opened for business in 1938 and the place is now run by the 3rd generation LIm family. I hope the next time I return, the coffee would regain its oomph. Click to read more...