Malaysian economic, social and political current affairs

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Malaysian Federal Government Budget – 28 years of misguided policies?

I would say that the 28 years (understudy) of policies made us be where we are today, as far as the Federal Government budget is concerned. Years of policies driven by purely economic growth (in GDP terms), produced massive build-ups of imbalances. Slowly, the budgets had been increasingly social and political driven (probably to increase…

THE DARK WORLD OF FINANCE – PART 7: “1MDB – WHAT’S NEEDED TO BE DONE” – THE ECONOMIC MANAGEMENT

SUMMARY: Malaysia do not need additional GLC of the like of 1MDB. As a country we already have too much government involvement in business through more than 450 major GLCs, and so many other smaller ones. Furthermore, the problems with GLCs is the “implicit guarantees” involved, which if we take the current debts of the…