Mahathir Mohamed, Prime Minister of Malaysia Options

[yana19384]

its a very sensitive topic allright











dunt really know what to say...im scared...

[Iron Malayan]

dunt really know what to say...im scared...

LOLZ

[yana19384]

well..its true..i am scared..cos this topic sounds so serious..


cos what i think is..i think Dr.M was cool..i think he did his job welldone


he deserves every good thing he's having now..


but i dunno y people are against him at times

[Iron Malayan]

well..its true..i am scared..cos this topic sounds so serious..


cos what i think is..i think Dr.M was cool..i think he did his job welldone


he deserves every good thing he's having now..


but i dunno y people are against him at times

I used to think he was a good PM too but now I'm angry enough to bash him in the biggest forum a Malay could join.

[yana19384]

why?

[Iron Malayan]

Read my old reply here

Post #10

[yana19384]

ohh..

[Iron Malayan]

The Malaysian forex reserve now is USD 79 billion.

[low class countr...]

My friend used to say this: Malaysia and China are equally corrupted. The only difference is……….if one gets caught in China, he or she is dead.

But back in Malaysia, you cannot get caught unless you have lost favour with the powers that be. Somehow you can escape and move to rake in more……….and more.

I agree. What happens to the so-called 18 sharks mentioned by the Pak Lah?

In the West, corruption means embarrassment, it means downfall. In Malaysia, corruption means prosperity.

No wonder our public projects are crack here and crack there.

How can we fight corruption if the top leaders are corrupted?

Politics exist all over the world. It is how we manage it. USA, UK, and other developed countries do practice some kind or a form of corruption, however they managed it quite well.

I don't understand, after 22 years in power, Dr M doesn't seem to get it under control? Or maybe he does but the bunch of swine under him do not know the value of pearls thrown or given to them.

What was he trying to do for 22 years as PM? Trying to start a new religion? Trying to introduce a new culture or to change one was not his remit was it? He was supposed to run the country without corruption and if there was anyone who was corrupted then it was for him to sack the guy, arrest him and to put him in prison.

After 22 years of milk and honey, and now are complaining after 1 year of misery! What nonsense! Arresting a problem after ignoring it for 22 years is stupid.

I find it all a joke. You left behind good legacies for the rakyat but it is just take one mistake that people will always remember you! The negative elements will always have a lasting impression on people's mind.

This post has been edited by low class country: Aug 10 2005, 08:29 PM

[Iron Malayan]

I find it all a joke. You left behind good legacies for the rakyat but it is just take one mistake that people will always remember you! The negative elements will always have a lasting impression on people's mind.

Mahathir made more than just one mistake.

[Iron Malayan]

Malaysian foreign reserve is now 305 billion Ringit. (around USD 81 billion)

[forrestcat]

The reserves is not a good indicator for the economy, we should look at the balance of payment. So far, Malaysia's balance of payment is in surplus but erratic over the years, for now economy is in good condition. The reserves were meant to safeguard against future crisis that might arise during the Ringgit peg and after the de-peg. however, Malaysia need not fear the currency speculators as they's prefer going to China than Malaysia. ZRight now, Malaysia needs to reduce the budget deficit which is quite difficult with the current oil price. Malaysia also needs to diversify its economy and move away from industrialization and develop the agricultural sector with biotechnology.

Overall, Mahathir is OK , but he did some problems to the country like corruption and spent a lot on mega projects which backfired and proven a burden during the 1998 asian crisis. but that was beyond his control .No leader is perfect anyway.

About the notion that its KL's fault Sabah is underdeveloped,we need to hear the opinions of Sabahans , i'm worried with this kind of sentiment which seems to suggest that Sabah is undeveloped coz of KL, this kinda give an impression that Sabah should be made independent. remember, if Malaysia did not get Sabah, either the Philippines or Brunei will.And look at the Philippines now, not impressive at all, but as for Brunei, i dunno.Anyway, Sabah have cities like Labuan and Kota Kinabalu which is relatively modern than Kota Bharu is.

[Iron Malayan]

I relly think foreign reserve is a good way to measure economic health

but I seriously disagree with some economists who tend to compare forex reserve against the value of import and say this or that reserve is enough to sustain 10 month or 20 months of import. It sounds so stupid.

Big trading nations like Malaysia have a disproportionate amount of import due to multinationals importing semi finished goods into Malaysia for final assembly as well as investors bringing in expensive machineries for their factories. These kind of imports are entirely financed by those investors and not by national reserves.

Why can't they understand that ?

[forrestcat]

Despite our large reserves,Malaysia's public debt is quite high, about US$50billion, Thailand ,Indonesia and the Phillippines also have the same level of debt or higher. Most of the debts are from the public sector, but it is quite a lot for a country with 25 million people. Anyway, almost all countrie have debts, SG's debt is 20billion dollars, but their surplus are huge. Anyway, no use having big reserves if everything in malaysia's getting more expensive with our inflation hitting 3%.

Malaysia needs to earn surplus from other sectors like agriculture or new nichesin our economy like the sevice industry and biotechnoly , we can't always depend on exports now with the RM depegged, now, its time the GLCs and public sector find sources of money abroad by buying stakes in oreign companies, like SG who earns a lot from its overseas operation. Malaysian investents arms, Khazanah and EPF and GLCs like Telekom Malaysia are flushed with money (our money,=) and should make significant purchases overseas like Telekom Malaysia which just bough a significant stake in Singapore's Third largest telco and Khazanah which is considering buying Lippo Bank,, one of the biggest Indon banks.

But most of all, we need entreprising Malaysian to open businesses and do R&D, nowadays the skilled workforce of the country is more important than factories and tall buildings.

[Iron Malayan]

For countries with grossly undervalued currencies, high inflation might be a good thing bcoz the GNP will appear bigger in US Dollar terms. That means higher GNP per capita as well.

Anyway, no use having big reserves if everything in  malaysia's getting more expensive with our inflation hitting 3%.

Malaysia needs to earn surplus from other sectors like agriculture or new nichesin our economy like the sevice industry and biotechnoly ,

Speaking of biotech, govt officials need to know that making herbal and other natural products are not as prestigious as making genetically engineered products like vaccines and monoclonal antibodies. They shouldn't waste public money developing those cheap and unmarketable low end "biotech" stuff. We should spend the bulk of R&D on developing monoclonal antibodies and vaccines; not stupid herbal products.

In the meantime we also need to get big foreign companies to set up large manufacturing plants here.
Even though these genetically engineered product manufacturing investments are hard to get, we can still get them if we really want to. Malaysia have to import almost all important medications and these drugs are very expensive.We need to reduce this deficit any way we can.

From now on, all big defence contracts given to foreigners must be reciprocated with big offset investments in biotech or pharmaceutical ingredient manufacturing. We must not make the same mistake of accepting low quality offset investments in previous deals.

[mat kilau]

where mahathir live now ?