BN Gov’t poor planning to increase economic output

Written by: Dr. John Brian Anthony

BN has not done enough for the economy

Malaysia is facing its largest budget deficit in more than 20 years. It currently depends on Petronas for nearly half of government revenue.

This is as a result of poor economic planning by BN government who depended a lot on Petronas payout to meet its budget.UMNO corruption and 60:40 leakages are not helping this country.

Sarawak BN policy on relationship with Federal Government

For Oil producing State this day light robbery by Federal government is real. The UMNO politician not unlike Sarawak BN politicians are blind to the source of money. This is what you hear from a Sarawak BN Minister:

” We must maintain very close ties with the Federal Government in order to get more budget allocation for Sarawak”. The statement itself is not wrong but if you see the implied impact of such a statement it is translated to:

” Please give me money. I will not make you angry. I have nothing with me, no money for myself and MRP for the people. I need money to buy palaces, my secret account in Switzerland and Singapore, to buy more landed property in Australia. Dayaks? What Dayaks? Do we have any? We have none – otherwise we have to give them land. We have no land to give them. It is better to give you so that you can give me more money for my own pocket.

Petronas sales volume is down

The Edge Financial daily quoted Petronas President and Chairman Tan Sri Hassan Marican as saying the company’s profits for financial year ending in March 2010 will not be as good as last year because prices and sales volumes were down.

“We will tap into our cash reserves to pay the dividends,” Hassan said in a report published today. The firm’s cash reserves stood at RM121.2 billion in the last financial year.

It means the State of Sarawak will also go down.

The timber money is invested by the rich towkays overseas. The money that the politician have is secreted away to foreign banks overseas. There is no reinvestment of money got from Sarawak resources.

The Petronas 5% royalty money never got any way near reinvestment and most probably goes into private pockets. What type of economy does Sarawak have ? If we look at evidence, Sarawak is run by those with personal small business.

Is that a success for BN? Otherwise how do you explain 60,000 Sarawakian in West Malaysia working. That is becuase Sarawak failed to create business and jobs.

Jabu and company support Taib thinking that Taib can improve the economy. Taib did by diverting money elsewhere and not to the people of Sarawak.

Federal Government

It also has no money. Petronas needs to dig into their reserve. How do you expect government to have reserve when you run a “1 Malaysia” slogan and promotion with so much money and not return of investment that could be enjoyed by Malaysian. Only those who provide consultation on what 1 Malaysia is, the Event Organizer, the novelty suppliers -T-Shirts etc are making money.

Then the corruption – PKFZ, Rawang Railway etc are sucking up all the money that goes into politician personal pocket. At this rate that BN rob and rape the country of its wealth, our next generation would suffer. Why do you think that the migration of Malaysian to foreign countries has doubled up. Wake up BN, you are not doing a job up to voters expectation.

Class F Contractor in Sarawak

I met a few of them in Kuching. In all instances, this Class F contractors say that they only got 2 or 3 project a year. Payment is made 4 – 6 months after completion of project. Can you see how the job is too few, meaning not much project under JKR is going on, the circle time to get payment is way too long and the profit margin is not enough to sustain their business.

These Class F contractors do not see any improvement for 2010. BN and taib / Ministers is talking SCORE hoping that the people will not see the real gap in the government development program. It used to be that easy. With blogs, that days for Bn would soon be no more.

Conclusion

What has BN done in Sarawak to allow a change in the improvement of life of the people – increase personal income, increase spending, improvement in agriculture technology, improve in rural health service, fair distribution of business opportunities etc. The answer is negative. We need a change and Change WE Must.

Popularity: 10% [?]

Are you happy with 5% share from Petronas Posted by Equalizer It is good a certain politician started...
Why Financial Planning & CSI utmost important to us? Written by gkm2020 “Dayak Towkay Baru” Agenda: Personal Financial Planning...
Dayak initiatives to improve their economic standing Written by Dr. John Brian Antony Be Independent – depend...
BN – don’t bleed PETRONAS By Syed Jaymal Zahiid A Pakatan Rakyat (PR) lawmaker today...
Does Sabah, Sarawak and Trengganu benefit from Oil Windfall Taken from: The Malaysian Insider Petronas posted a higher revenue:...

Related posts brought to you by Yet Another Related Posts Plugin.

December 16, 2009 · Filed Under Economy

Comments

4 Responses to “BN Gov’t poor planning to increase economic output”

merakat anak Piun on December 16th, 2009 8:50 pm

The sultans wants more beautiful places. They are competing amont themselves who has better places Najis and the cronies wants for themselves to have breakfast in Paris and lunch in New York.
So do they worry/care about Sarawak and Dayak in particular?

RM4 million given to DBNA is very big money after 46 years and divided that among 150,000, it is about RM266 per person and per year in Malaysia Dayak Bidayuh has RM5.70 each.

Very Big money, yes Dayak Bidayuh as per Peter Minos comments. Yes the Bidayuhs are very gratefull and all Dayak Politicians give praises to Najis. Do the Bidayuh knows that the former CM of Selangor Mohamad Taib was caught in Autralia with RM2 million as a pocket.

See the difference, Dayak Bidayuh…..this is what BN/UMNO do for us…. big perk M5.70 per year
Ugly msian on December 16th, 2009 10:36 pm

Yeah,what happened to the proposed Rumah Dayak at Satok, Kuching? What happend to Rumah Orang Ulu behind Wisma Hopoh? What happened to Lubok Antu Clinic- without p-a-n-a-d-o-l?

I remember too well. A Bidayuh resettlement is to be named Tun Abdul Razak. Next, TAR Teachers College, TAR building,TAR roundabout,TAR Toilet, ??

Excellent planning? Down the TAR toilet hah.
Sorry!
Dayak Selangau on December 17th, 2009 8:55 am

Rumah Dayak is best example how Dayak leader keep in the budget in their own pocket.Nya meh ke cunto makai duit
Telaga Kumang on December 17th, 2009 2:06 pm

Tabi Kaban,

SDNU NADAI NOLONG MANSANG KA RUMAH DAYAK

Rumah Dayak nadai nemu tembu digaga laban sida SDNU nadai kerja. Exco SDNU diatu nadai minat mansang ka SDNU, semina minat dalam politic Dayak. Tang dipeda kami diatu sida selalu begulai enggau penyokong PKR, nyaalai tuai kitai Iban baka datuk Jabun enggai meda sida.

Enti kita Exco SDNU enggai gawa madah, ngambi ka olih Meysuarat EGM.

Nya aja kaban.