My brother in law who is Australian asked me,”Is it also happening over in Malaysia.?” Of course it is as the economic jitters caused by the massive plunge in financial markets has affected the whole global economy. Finance Minister Najib and also Deputy Prime Minister in this Malaysiakini report made a reassuring statement http://www.malaysiakini.com/news/90626 The government quickly offered investors reassurance today that the economy was strong despite turbulence in US and regional financial markets. “The fundamentals of the Malaysian economy are strong. The economy has the capacity to weather the destabilising consequences. Malaysians need to remain united and cohesive as the country prepares to face the global financial economic challenge.
But what was to come out from this PC was also quite straight forward and with it a “warning” with possible consequences.”What is so uncertain about our political situation? BN continues to be in power. Pakatan has been trying to rock the BN administration to submission but it still holds on to power steadfastly.
Now is not the time for politicking, speculation and political game by anybody. The government will act responsibly and swiftly to address any eventuality to safeguard the interest of the people and the nation,” Najib said.
Pakatan won an unprecedented 82 seats in the 222-member Parliament in March and took control of five of Malaysia’s 13 states. BN now has only a 28-seat majority in Parliament. UMNO has also indicated that PM Abdullah may step down by March and hand over the reins to Najib. Of course we know that if a country is too involved in too much politiking it creates uncertainty and unstability for foreign investors to even consider setting up their operations or bases.
The fears of political chaos in the country was also brushed aside by Najib and he continued that the government is confident of weathering the crisis as the BN is firmly in control with the majority still at 138 BN-81 Pakatan 3 independant. Najib in his capacity reassures the nation that the economy and political situation is very much in control and he knows that other factors are also crucial in maintaining the country remains stable.
Meanwhile Anwar took advantage of the season’s festivity to reiterate his populist economic philosophy that national wealth must be shared among the rakyat.The opposition leader said that “Malaysia is not mono-cultural”; as such, its economic growth and wealth must be understood and underscored by a wider meaning than is currently in practice.”Wealth cannot revolve around the few,it should become the motivator to liberate society from oppression and tyranny.This is what we emphasise to be a human economy. “An economy built on human principles of man as a moral being and not merely homo economicus who only prioritises one’s self,”
Politics certainly has taken it toll on the nation and for now with Hari Raya Aidil Fitri tomorrow Malaysians will be too busy wishing those of the Muslim faith a SELAMAT HARI RAYA………and what happens economically outside in the world can wait while Malaysians celebrate and indulge in food and merry making…..