Friday, November 30, 2012

Umno Running Scared?

It seems that Umno is so scared of losing that they have even roped in experts to scare Malaysians into believing that the local bourse and Malaysian economy will go into a tailspin should there be a change of government following the coming 13th general election which must be held by the latest mid next year (see front page report The Star 29 Nov 2012)

This would continue for several months at least until the new administration came out with clear and firm policies.

Well, perhaps the experts need, for a start, to read Pakatan's purple book - Buku Jingga - which sets out what the coalition plans to do when they come into power.

But what is there for investors to fear Pakatan, who have shown that they can govern and govern well.

Just look at Penang and Selangor for example.

Since Pakatan took over the state governments from Barisan in 2008, both the states have attracted, and continue to attract, the highest level of foreign direct investments among all the other states run by the Unmo led Barsian coalition.

That alone should give the lie to the experts' prediction.

In a laughable attempt to further convince voters not to go for a critically needed change of government after more than half a century of Umno dominated politics and mismanagement of the nation's economy, the experts even said that next year's economy will grow by 10% if there is no change of government!

Wow, this is truly impressive, man! Double digit growth during a time of world-wide economic and financial uncertainty!

Even China, which has enjoyed double digit growth continuously for the past couple of decades, is not confident that their economy will enjoy a double digit growth next year!

Perhaps, the Chinese should come seek help from Umno. Ha ha.

And that predicted 10% economic growth for next year is more than double this's year or that of the past several years'!

Umno must be an economic prodigy indeed, if they could just double the economic growth all of a sudden in these trying economic and financial times!

Perhaps the Umno guys are all fellows of the Hogwarts Magic School of Economics? Were that this was so.

Now, everybody knows that this year's economic growth rate, as that of the past recent years, was largely based on hugely inflated public financed projects on the back of some long years of deficit national budgets that have ballooned the sovereign debt to beyond the legal limit of 55% GDP

We are not even talking of contingent liabilities - that is, those government guaranteed debts of the GLCs (government linked companies)

It is sooner rather than later, that there will be a downgrading of our credit rating.

Let's see if the Hogwarts magic will be any good then!

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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
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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...