Wednesday, September 3, 2008

NEP to Change Under Anwar New Government's ?


What ever he said right at this moment, he really means it. How far did the old NEP (new economic policy) really help this country?

No doubt it had help a lot in terms of creating the wealth of Bumiputra's economics but much to be concern about there always an Ali Baba's companies to do their work (some of it but not all).

With NEP around nearly more than 30 years since it was introduced during 1970's, now it the time to make a change to whole system that still benefiting the Bumiputra's but also will create a win-win situation among all the people in Malaysia.

Datuk Seri Anwar Ibrahim wow to dump the old NEP and change it to a new policy to boast all poor Malaysian, whether they are majority Malays or minority Chinese and Indian communities. (bye-bye to MCA, Gerakan and MIC)

It seems that he is willing to create a wealth among those who are capable to do any works or jobs that had been awarded rather than go through the Ali Baba's companies.

This would really save a lot in terms government expenses by cutting out the middle man commission. Not only the middle man but from the lower ground of administration office until the higher level of administration office. A lot of unnecessary people also involve.

Let us re-organize what Datuk Seri Anwar had mention this two days;

1 ) To reduce the fuel prices by RM 0.50 per litre.
2 ) To reduce the deficit (government spending) to a level of 3 % to 3.6 %.
3 ) To reduce personal tax.
4 ) To reduce corporate tax.
5 ) To generate and enhance the economics.
6 ) To enhance the investments in our country.
7 ) To use an open tender system.
8 ) To abolish giving out government's project without tender (can save about RM 4 billion to RM 5 billion a year)
9 ) To abolish the old NEP and change to a new one.
10) To increase productivity to a higher level.

If we take a look on what he had mention, for sure this will be a good sign to create a wealth among all the Malaysian. Not only the Malaysian but to the foreigner who want to invest in our country. Why? As to my knowledge many foreigner companys can't even get any tender project especially in supplying materials to the government projects.

These are the things for sure that will increase our share market performance if a changes is being make. If we really sit back and think about it for a while, all these times our share market performance if compare to other stock market around the region, I can say our Malaysian share market is just like shit only.

Our market seems to have lost it momentum whenever other regional markets are climbing higher and higher. It seems like no foreigner is interested to invest in our country. It happen since the BN (Barisan Nasional) government wins almost 90% votes since the 11th General Election in 2004.

CHANGE FOR THE BETTER FUTURE. This might be what we always use to said - Now is THE RIGHT TIME AND THE RIGHT PLACE, RIGHT NOW........

170 comments:

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