12
Mar
09

Anwar Says Stimulus Package Does Not Inspire Confidence

From The Malaysian Insider
By Adib Zalkapli

KUALA LUMPUR, March 11 – Opposition Leader Datuk Seri Anwar Ibrahim said today the RM60 billion stimulus package announced by the government yesterday would not restore the people’s confidence.

“The biggest weakness of this package is the failure of the government to understand that the issue of the confidence of the people, of the domestic and international investors is central,” he told reporters after debating the mini budget at the Dewan Rakyat.

He added that promoting accountability should have been a major component in the package.

“The government needs to change their attitude in order to get the people’s support, if not this stimulus package will only be seen as an exercise to rescue sick cronies and greedy monopolists, to reward the inefficient,” Anwar told the House.

He also painted a more gloomy picture of the economy, predicting that the economy would contract by up to five per cent this year.

He added that even if the package is implemented, the country’s growth would still be in the negative.

“The fiscal injection is only RM15 billion where RM10 billion is for 2009 and RM5 billion for 2010. The rest does not involve development expenditure which will help generate growth,” said Anwar.

“This means that for the year 2009, the fiscal injection is only RM17.1 billion. RM7.1 from the first stimulus package and RM10 billion for the second stimulus package. Theoretically, it will only contribute 3.2 per cent to the economic growth based on the GDP of RM535 billion in 2008,” he added.

“I hope the government will revise the package as the amount may be big but the impact will not be huge to the nation’s economy,” said Anwar.

He also accused the government of attempting to bail out certain companies in the stimulus package.

“My concern is the allocation of RM10 billion for capital investment. Will this be used to bail out certain companies? The government had channeled RM7 billion to Valuecap where RM5 billion was borrowed from EPF? What has happened to the investment made by Valuecap?” asked Anwar.

He also urged the government to reassess concession agreements with toll operators adding that he believed toll charges would go up after the three by-elections next month.


11 Responses to “Anwar Says Stimulus Package Does Not Inspire Confidence”


  1. 1 Abu Hafiz Mar 12th, 2009 at 9:31 am

    Dato Sri,

    As always, we are just reactive instead of proactive.

    It is destructive!

    Reply

    loki Reply:

    alah, si abu, engko ingat diorang tu nak tanya anwar? dapatkan input dari beliau ke?
    sure la reactive. habis nak buat ape? fax kat najib tu? email kat dia cadangan? kalau kau ingat diorang nak dengak kau ni naif lah.

    apa peranan pihak pembangkang kalau bukan memerhati dan menyoal tindak-tanduk gomen? hah, tindak-tanduk tu istilah yg cukup ngam – ape-ape yg diorang buta sure bertanduk punya. mcm kat perak. mcm macc. mcm jc yg mcm tak paham undang2 kat ipoh, yg suka buat keputusan belakang pintu tertutup.

    destructive konon.

    60 billion injection – hang dapat ape? tax rebate ade? wang tunai ade? food stamp?
    nah RM480mil dia bagi kat kroni2 tol utk – dengak baik2 – membantu rakyat. kadar tol tak payah naik. hang gembira tak? tersengih tak? terjoget2 tak?

    Reply

  2. 2 aja49 Mar 12th, 2009 at 10:27 am

    Accountability should be gist of the package as mentioned above. Without proper monitoring of the allocations how are we to exactly know who should be getting how much. If helping cronies is the objective of this stimulus then better not hope for a good economic recovery even in the distant future.

    Reply

  3. 3 slain Mar 12th, 2009 at 12:25 pm

    Bravo ..well said DSAI..only an idiot cant get the picture..!
    ur bro frm Singapore..wink..

    Reply

  4. 4 Halik Zaman Mar 12th, 2009 at 1:42 pm

    (Maaf diluar tajuk)

    SIAPA KAH YANG MELANTIK 3 ORANG
    TIMBALAN PENDAKWA RAYA KES ANWAR?
    ———-Oleh Halik Zaman———-

    Keputusan 3 anggota panel bebas yang bertindak sebagai Timbalan Pendakwa Raya boleh bertindak sendiri memutuskan tuduhan Dato Seri Anwar Ibrahim kepada Abdul Gani Peguam Negara dan Musa Hassan Ketua Polis Negara memalsukan bukti keterangan siasatan kes kecederaan mata Dato Seri Anwar Ibrahim itu sebagai “No Case To Answer” atau lebih bermakna tidak ada prima facie.

    Kita cuma diyakinkan sahaja oleh Menteri di Jabatan Perdana Menteri Dato Seri Nazri Aziz serta Ketua Pencegahan Rasuah Malaysia Dato Seri Ahmad Said Hamdan bahawa 3 orang Hakim Pension itu yang dijadikan Timbalan Pendakwa Raya adalah orang orang yang dihormati dan berwibawa serta disegani oleh rakyat.

    Timbul persoalan demi persoalan dihati kecil kita, kita telah ditonjolkan 3 orang Timbalan Pendakwa Raya berserta keputusan mereka, bila sudah diwujudkan Timbalan Pendakwa Raya, hati kecil kita bertanya, “Siapa hakimnya?” . Boleh kah Timbalan Pendakwa Raya memutuskan bahawa Gani dan Musa tidak melakukan sebarang kesalahan jenayah dalam insiden lebam mata Dato Seri Anwar Ibrahim pada tahun 1998 tanpa dibicarakan dihadapan hakim?

    Kalau mereka bertindak sebagai hakim berkapasiti sebagai Timbalan Pendakwa Raya, kita perlu tahu dimana kah note of proceeding 3 orang Timbalan Pendakwa Raya yang dilantik oleh SPRM itu? Ada kah note of proceeding itu menjadi rahsia kepada SPRM tanpa diketahui oleh si-Pengadu?

    Secara kasar kita pun tahu tugas 3 orang Timbalan Pendakwa Raya itu terdiri dari hakim hakim yang sudah pension untuk memberi andaian sama ada dakwaan Dato Seri Anwar itu berasas atau pun tidak, tapi bukan hak mereka menyatakan Gani dan Musa tidak bersalah kerana mereka tidak melakukan sebarang kesalahan jenayah.

    Pada pandangan kita secara jelas SPRM tidak mahu mendakwa Gani dan Musa kemahkamah dan ini bukan lah bererti si-Pengadu tidak boleh mendakwa mereka kemahkamah civil.

    Ada beberapa perkara yang meragukan keatas penyiasatan document bahan bukti Dato Seri Anwar Ibrahim oleh 3 panel apa yang dinamakan Timbalan Pendakwa Raya itu :

    (a) Siapa yang melantik 3 orang penal Timbalan Pendakwa Raya?
    (b) Kalau ada Timbalan Pendakwa Raya tentu ada hakimnya
    (c) Ada kah andaian dari 3 orang Timbalan Pendakwa Raya itu sudah muktamad?

    Mungkin sahaja perlantikan 3 orang Timbalan Pendakwa Raya itu sekadar “penyiasat bebas bahan bukti” Dato Seri Anwar Ibrahim sahaja dan bukan bertindak sebagai Pendakwa Raya dimahkamah?

    Kalau sekadar “menyiasat bahan bukti sahaja” tidak perlu mereka dinamakan Timbalan Pendakwa Raya, sudah cukup kalau mereka dinamakan sebagai “Penyiasatan Bebas Bahan Bukti” sahaja, agar ia tidak complicated.

    Keraguan juga timbul, kenapa kah SPRM melantik sendiri 3 orang Timbalan Pendakwa Raya itu? Tidak kah lebih berkecuali kalau disarankan sahaja kepada Perdana Menteri untuk membentuk satu Suruhanjaya Bebas terdiri dari Peguam Peguam Kanan dari swasta agar ia nampak benar benar bebas dari pengaruh SPRM? Kerana kewibawaan SPRM telah banyak diragui dan dipertikaikan oleh orang ramai yang SPRM 100% anti pembangkang?
    HZ

    Reply

    ANAK MALAYSIA Reply:

    i have one idea…..as a punishment,we let them live in suffer(means no respect from society)

    Reply

  5. 5 ANAK MALAYSIA Mar 13th, 2009 at 2:56 am

    everyone around the is talking about bailout but fail to talk about social responsibility to the society and fail too practise COMPENTANCEY,ACCOUNTABILITY AND TRANSPARANECY when the government leader is giving bailout to the ppl.

    Reply

  1. 1 Global Voices Online » Global: Bubbles, Bailouts and Stimulus Plans Pingback on Mar 19th, 2009 at 4:58 am
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