Latest hot news ! (Sunday, 08 May 2011 updated)
Most of the stock analyst said stock market will be in BULL market until end of this year, they have always advice people to buy stock even when the stock has come to the high level. And they have always increased the target price of the stock so that more and more people will be attracted to buy particular stock. So, when will BULL market end for stock market? How long will BULL market sustains?
From our observation, stock market has losing its energy gradually and it will be more obvious when it comes to July, August and September 2011. Stock market will be gradually going down by July and by August and September 2011; stock will drop more and more.
How true is this? Should I sell all my stock now or keep until end of this year? email to info@beststocks.asia to get some useful advice.
When have predicted the stock market will be dropping before July 2011. Please refer to the following article that prove we have published the article in different forum or article directory before this.
Strategist Wary On Equities
Written by Kelvin Tan (Tuesday, 03 August 2010 10:21)
Despite the recent market rally, Andrew Freris, a senior investment strategist at BNP Paribas Wealth Management, remains wary on equities, which he is recommending clients to “progressively underweight”. While Europe’s debt crisis is abating, the lingering fiscal deficit problems of other G3 nations, such as the US and Japan, may cause similar havoc to their economies, leading to financial market instability, should investors start to lose confidence in the countries’ ability to service their national debts, says Freris, who has been watching global economic cycles over the past four decades. A reduction in fiscal spending will inevitably lead to the economic slowdown of a belt-tightening nation, he says.
“European economies are almost certain to enter a period of rapid deceleration, because Europe decided to focus heavily on reducing its fiscal deficit. The Greeks have introduced the mother of all tightening. The Germans, Spanish, Italian and Portuguese are also tightening. All across Europe, both major and minor economies are on a fiscal tightening mode.” He points out that the Japanese government is also mulling measures to reduce their burgeoning fiscal deficit.
The only big nation bucking that trend is the US. Despite its trillion-dollar public debt, the Americans are planning to widen their fiscal deficit to further stimulate the economy, whose current outlook looks uncertain, he says.
“The recent (US economics) statistics are by no means clear and the administration is now indicating that they will spend more. Whatever fiscal stimulus they have given the economy over the past 1½ years is now petering out. The US economy is now slowing down,” he says, adding that although the US economy looks healthy, it is not self-sustaining and needs more fiscal stimulus.
He says the problem facing the spendthrift US government, which already has mounting debts, is that the “issue of fiscal deficit” will sooner or later surface there as it did in Europe. “It is funny that fiscal deficit became the issue in Europe but not in the US.”
Furthermore, while interest rates in the G3 nations are likely to stay low for another year or so, it is highly probable that rates will move higher in 2H2011. A loose monetary policy is unsustainable when a government needs to borrow more, he says. “If you borrow more, that pushes long-term interest rates up. The markets aren’t stupid. When the markets wake up to the fact that the fiscal deficit in the US was US$400 billion (RM1.26 trillion) pre-crisis and is now US$1.2 trillion and rising, interest rates will move up like (they did) in Europe.”
He adds that when the markets started to worry about the sovereign debt capacity of economies like Greece and Spain, interest rates in those countries went “through the roof” and recreated chaos for financial markets. A similar scenario could occur in the US. That’s why the bearish Freris remains wary of asset classes, such as equities and government bonds, of the developed nations.
Of late, global equities — measured by the MSCI World Index — have rebounded strongly, surging more than 8% since the start of July as risk-aversion abates. Institutional investors have also increased their exposure to stocks in recent weeks.
Still, Freris — looking at the big picture and taking a medium-term, top-down view — is sceptical about the sustainability of the current short-term rally. “We have to understand the medium-term trend to make some kind of sense in terms of investment opportunities,” he says.
Uncertainties over global economic growth and worries about fiscal deficits of developed countries will continue to create huge volatility for global equities, he foresees. “That’s why we are getting progressively negative on equities. We are not going to sell everything, but we would be progressively moving to underweight equities.”
For investors who want to maintain significant exposure to stocks, he suggests they look for relative value. His recommendation, in a nutshell: “Although we are moving away from equities, we prefer US equities to those of Europe or Japan. (In terms of regions), we prefer developing to developed markets. Within developing markets, we like Asia compared with the rest. And in Asia, we prefer China and South Korea.”
Despite medium-term concerns about the country’s growing fiscal deficit, Freris reckons stocks in the US look like a safer bet than those in Europe at the moment. “The EU is going through fiscal tightening while the US is going to further ease its fiscal policies (at the same time) guaranteeing interest rates are going to stay low in the near future. This is supportive of equities in the US. Yes, it is not going to stay like that forever, but for the time being, we prefer US equity markets to the European markets.” — Excerpted from The Edge Singapore
This article appeared in The Edge Financial Daily, August 3, 2010.
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Feeling the pressure
Written by Financial Daily (Thursday, 05 August 2010 11:03)
In Asia, as people live longer and women have children later in life, a rising number of adults are simultaneously caring for young children and ageing parents — a phenomenon long recognised in other parts of the world as the Sandwich Generation. Research by the Economist Intelligence Unit entitled “Feeling the Squeeze: Asia’s Sandwich Generation”, shows that one in five working-age Asians is now a member of this generation. These people are typically aged 30 to 45, married, and supporting one or two children and two parents or parents-in-law.
Across the region, many members of the Sandwich Generation are squeezed by the financial burden of caring for multiple generations and are concerned that their future living standards will decline. But pressures vary. In China, 37% of the working-age population is supporting multiple generations while in Australia and Japan, only 6% is in this position.
The Sandwich Generation is working harder, saving less and taking fewer risks with their investments. More than one-third of Asia’s Sandwich Generation members have had to work harder to cover family expenses since becoming “sandwiched”; about half have reduced their savings and investments, and nearly two-thirds are more cautious with their existing investments than they would otherwise be.
Many are struggling under the pressure. More than one-third, 36%, say they are “struggling to cope” with the competing demands of their parents and children. Those in Hong Kong are feeling the most pressure, with 53% of respondents reporting that they are struggling to cope. Caring for parents can also be expensive, especially where the social safety net is weak. Sandwich Generation members in China and Hong Kong spend more on their parents than their Asian peers, due in part to their weak social security systems that provide little support for retirees or their families.
Still, education is a major priority, and members are willing to pay handsomely for their children’s future. Educational expenses, which can be considerable, start as early as primary school. Many expect to continue paying for their children into early adulthood: some 58% regionally (and 73% of Sandwich Generation members in Taiwan) say they expect to care for their children into their 20s.
Although the demands may have increased, the Asian Sandwich Generation’s sense of filial obligation remains strong, with 78% agreeing that it is their responsibility to help their ageing parents.
The report surveyed 700 people in Australia, China, Hong Kong, Japan, Singapore, South Korea and Taiwan. The respondents were middle-class workers earning local median-income levels and above.
This article appeared in The Edge Financial Daily, August 5, 2010.
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Potential for further highs for gold ?
Written by Steve Land (Thursday, 22 July 2010 17:03)
Steve Land, CFA, is portfolio manager of Franklin Gold & Precious Metals Fund, Franklin Templeton Investments
The recent period of global economic uncertainty has had a mixed impact on the precious-metals sector. Many commodities struggled during the second quarter as disappointing US economic data, sovereign-debt problems in Europe and euro volatility created doubts as to the true strength of the global economic recovery. In addition, questions about the durability of China’s economic growth further dampened the outlook for commodities demand.
There was some upbeat news in June, though, with US industrial production and durable goods orders rising strongly, reducing some economic worries, while the outlook for increased materials demand from China jumped.
Performance among the four primary precious metals was divided in June, as gold and silver appreciated while platinum and palladium continued to struggle following their large declines in May. Gold capped its biggest quarterly gain in more than two years as signs of unwieldy sovereign debt levels in the western world and an increasingly fragile economic recovery stoked demand for the metal as a safe haven. Gold also rose after the Federal Reserve said it would keep US borrowing costs low for an extended period, which may weaken the US dollar.
Silver has been steadily outperforming, recording its sixth straight quarterly gain and longest rally since 1979. Notably, investors accumulated record amounts of gold and silver in exchange-traded funds backed by both metals.
As investors continued to flee to the perceived safety of gold and silver in June, other precious metals that are more closely linked to economic activity, which many analysts viewed as ebbing, declined in value. In particular, platinum and palladium have come under pressure due to their tie to the auto industry and reports of declines in European auto registration as well as a sequential slip in US car sales in June.
Although they are more economically sensitive than gold, platinum and palladium are also hard assets that can appeal to investors who want to diversify their portfolios. Platinum has been seeing significant investor interest, while palladium has been exhibiting strong momentum over the past year, bolstered by improving auto sales and investor demand.
We still believe there is meaningful investment opportunity in precious metals, as they can be a good diversification tool in an overall portfolio strategy as well as a hedge against inflation, which appears to be a real possibility in light of loose monetary policies around the world. As we look at the landscape over the next couple of years, we continue to see a lot of uncertainty, so it makes sense to own some gold over the long term.
In addition, we believe there is still potential for further highs for gold. For example, China has stated in press reports that it plans to continue building its reserves, which remain low compared with the rest of the Western world. India also has stepped into the market, buying 200 tonnes of International Monetary Fund gold back in November 2009. We also continue to see Russia acting as a large buyer. These are three major economies that continue to add gold to their central banks, supporting our view that gold prices could continue to rise.
There is no question that gold is still vulnerable to market downturns, but the appeal of gold is its historically low correlation with the overall markets. It should be noted that at Franklin Templeton, our investments are in gold equities through companies that tend to mine gold, not in gold boullion. The same is true for other precious metals that we invest in through our funds. We focus our investments in high-quality mining companies with strong balance sheets, low-cost structures and significant growth prospects. The current environment of high precious-metals prices provides what we regard as an excellent backdrop for companies to potentially create shareholder value through improving profits, reserve additions, new mine developments and exploration success.
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Dow Ends Below 10,000 On Economic Worries ?
Written by Reuters (27 August 2010 09:24)
NEW YORK: The Dow closed below 10,000 on Thursday, Aug 26 a day ahead of an expected downward revision in US second-quarter economic growth and a major speech by Federal Reserve chairman Ben Bernanke.
Major TECHNOLOGY shares were among the biggest losers, with the Nasdaq falling more than the Dow and S&P 500. Tech shares have been seen as a proxy for economic growth. Cisco Systems fell 2.4% to US$20.70 (RM65.21), while Intel gave up 1.6% at US$18.18.
Stocks initially rose on data showing first-time claims for jobless benefits fell more than expected last week, but the number was still too high to signal a shift in the weak labor market. The four-week average of new claims, regarded as a better gauge of trends, rose to the highest since late November.
"The best the bull can say is that the recovery is evening itself out now, it's not accelerating any more," said Linda Duessel, market strategist at Federated Investors in Pittsburgh.
"We think it's a soft patch and not a double dip, but the market is pricing more and more for a double dip, so you're vulnerable to the upside."
The Dow Jones industrial average fell 74.25 points, or 0.74%, to 9,985.81. The Standard & Poor's 500 Index shed 8.11 points, or 0.77%, to 1,047.22. The Nasdaq Composite Index lost 22.85 points, or 1.07%, to 2,118.69.
It was the first time the Dow has closed below the psychologically important 10,000 level since July 6. The market then began a rebound and logged seven straight days of gains.
In his speech on Friday, Bernanke is likely to discuss the uncertain prospects for the economy but isn't expected to give many clues about whether the US central bank will pump more cash into the economy to keep the recovery going.
Bernanke and central bankers from around the world are gathering for their annual meeting in Jackson Hole, Wyoming, with the agenda expected to include a discussion of printing yet more money to spur growth.
After a recent spate of poor economic numbers, there were jitters the GDP data could show the economy is weaker than originally thought. The government's preliminary reading is expected to come in at 1.4%, down from 2.4% estimated a month ago. Estimates range broadly from 0.9% to 2.2%, according to a Reuters poll.
On the technical picture, investors were still looking for the 1,040 level on the S&P to act as support. Some consider a dip below that level to be a buying opportunity, as was seen on Wednesday when the index briefly fell below it.
In deal news, Dell Inc raised its bid for data storage company 3PAR Inc to US$1.6 billion.
But Hewlett-Packard Co (HP) came back with a revised offer of US$1.8 billion after the closing bell, sending 3PAR's shares up 7.2% to US$27.90 in extended-hours trading. Shares of 3PAR closed at US$26.76. HP closed down 0.1% at US$38.22, while Dell ended down 0.3% to US$11.75.
In after-hours trade, Dell lost 0.9% to US$11.65 and HP slipped 0.4% to US$38.05.
A drop in shares of coal companies weighed on the energy sector for a second day as the price of natural gas fell, raising concerns that power plants would switch to gas from coal. Massey Energy fell 4.2% to US$27.93, while the S&P energy sector fell 1%.
About 7 billion shares traded on the New York Stock Exchange, the American Stock Exchange and Nasdaq, well below last year's estimated daily average of 9.65 billion.
Declining stocks outnumbered advancing ones on the NYSE by 1,928 to 1,064, while on the Nasdaq, decliners beat advancers 1,770 to 861. — Reuters
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Tuesday August 10, 2010
Weaker demand may hurt glovemakers
By FINTAN NG and LEE KIAN SEONG
Report: It’s difficult for manufacturers to pass on costs to customers
PETALING JAYA: The weaker demand for rubber coupled with the weaker US dollar and high latex costs may make the cost pass-through, a mainstay of margins among manufacturers here, increasingly difficult.
According to a report by HwangDBS Vickers Research yesterday, slower demand has made it difficult to pass on costs to customers.
The research house said this coupled with a weakening greenback (local manufacturers’ earnings are in US dollars) and high latex costs, would pressure margins of companies such as Top Glove Corp Bhd and Kossan Rubber Holdings Bhd.
“Demand could be normalising to lower levels as the flu outbreak is under control and customers are reducing inventory holding periods to one to two months (compared to three to four months inventory during the flu outbreak),” it said.
HwangDBS Vickers said new capacity coming on-stream made the slowdown in demand worst.
“We expect Top Glove’s utilisation rate to fall below 75% when factories 18 and 21 start operating at the end of this year,” it said.
The price of latex-in-bulk traded on the Malaysia Rubber Exchange was at its highest in April after steadily climbing from lows hit in January last year.
The ringgit, meanwhile, has strengthened more than 8% against the US dollar since the beginning of the year, placing more pressure on glove manufacturers’ margins.
An analyst with a local investment bank told StarBiz that demand growth would normalise to about 10% this year compared with about 18% last year.
She said growth would continue to be supported by demand from the healthcare industry, albeit at a slower pace.
Another analyst pointed out that demand was normalising now due to the increased manufacturing capacity.
“Demand for rubber gloves is always steady and the flu outbreak did not really push up demand that much,” he said.
Previous reports showed demand for rubber gloves remained strong with most manufacturers having sold forward to September.
HwangDBS Vickers expects longer-term demand to remain resilient supported by improving healthcare standards worldwide and increasing healthcare spending per capita.
Rubber glove stocks were down yesterday, Top Glove shed 11 sen to RM6.13, Supermax Corp Bhd dropped 14 sen to RM6, Kossan Rubber was down 14 sen at RM3.67 while Hartalega Holdings Bhd slipped 12 sen to RM7.98
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Why is there a lack of interest in the market?
Personal Investing - By Ooi Kok Hwa
Post : Wednesday August 25, 2010
THE FTSE Bursa Malaysia KL Composite Index (FBM KLCI) finally touched 1400-level again. Despite high index level, the overall daily traded volume remained low at about 700 million-800 million. We believe, except for certain fund managers and day traders, not many retail investors were excited about the market. In this article, we will look into the reasons why investors are not investing at the moment.
We believe one of the main reasons is that many investors are still quite worried about the global economic recovery. Given that a lot of newspaper articles, media as well as some investment gurus have been saying that the global economy still has the possibility to have “double dips” or slip into recession again. Nevertheless, at this point in time, we believe nobody will know for sure whether the economy will enter into recession.
However, we notice that the current high FBM KLCI level was mainly driven by high stock prices of some key blue-chip stocks or fund favourite stocks. Investors need to understand that even though the FBM KLCI is surging to reach the recent 2008 peak of 1500-level again, there are still plenty of stocks selling at very cheap valuation.
A lot of second- and third-liners are still selling at 2008-09 low but with good values, i.e. price/earnings ratio of about six times, dividend yield of above 5% as well as selling below the owners’ costs (or selling below net tangible asset).
Despite the cheap valuation for lower liner stocks, not many investors are aware of their values. For those who may be aware of the values, not many are willing to inject fresh money into the stock market. One of the main reasons is many may still be holding poor quality stocks and these stocks are selling at 2008-09 low.
Given that they are not willing to cut their losses and worried about losing more money in the stock market, they prefer to stay sidelined while waiting for their existing poor quality stocks to recover one day.
In behavioral finance, we name this phenomenon as “snake-bite” effect.
Unfortunately, in most instances, the moment the prices of these poor quality stocks start to recover, this may indicate the end of the recent market rally because most fund managers, company owners and experienced traders will take the opportunity to liquidate their holdings to these retail investors.
Apart from the above reasons, some investors are quite worried over corporate governance issues in some Malaysian listed companies.
Incidents, like some companies being abandoned by their key owners, companies defaulting on their loan repayments, increasing number of companies being classified under Practice Note 17 and later failed to regularise their companies, are affecting the overall market sentiment. As a result, retail investors are quite careful in investing in new companies lately.
Except for Malaysia and a few other countries in the emerging market, the stock market performance of most overseas markets was weak since April this year.
Retail investors were quite concerned over the financial crisis in some European countries, the weak euro currency, weak US economic indicators as well as asset bubble in China. As a result, the retail participation in these markets, including Malaysia, was quite low. Hence, the current low buying interest from our retail investors is in line with the overall global market phenomenon. The buying interest will only come back when the global stock market starts to show signs of recovery again.
Another reason why investors are not buying stocks is that most retail investors have invested quite a big sum of money in unit trust funds. Even though they still have some savings to invest directly in the market, they prefer to keep those excess savings in fixed deposits rather than to buy stocks directly.
This phenomenon also happens in most developed countries where investors prefer to put money in unit trust funds rather than investing in the stock market. As a result, the fund size managed by unit trust companies grows faster every year.
Hence, we notice that the stock prices for fund managers’ favourite stocks or stocks covered by research analysts are surging to new high whereas the performance of the neglected firms remain low.
Unless investors are holding those fund favourite stocks, they will complain that they have not benefited from the recent market rally.
As mentioned earlier, we still have a lot of second or third liner stocks with strong fundamentals that are selling at cheap valuations. Investors are encouraged to do their own research to discover those companies.
● Ooi Kok Hwa is an investment adviser and managing partner of MRR Consulting.
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WHY PRIVATISE TANJUNG NOW (Post Date : 7 August 2010) (Article from The Edge Malaysia)
Why take one of Malaysia’s most valuable stocks private now?
Why didn’t Ananda privatise Tanjong few months ago when its stock price was lower?
Tanjong’s undervaluation is something that Ananda has known all along. If he wanted to take it private, he could have dont it anytime. Why now?
Comments:
-What may be seen as cheaper may not be fairer to the shareholders. What is being tabled by the offerer is an attractive deal, and there is also the interest of the minority shareholders.
-Ananda is privatizing now is because he does not see much growth in the traditional business of Tanjong. He is a man whose future targets are lofty.
-Ananda wants to see constant growth in the business and not only a steady business alone. For him, a steady business, with constant cash flow but facing a plateau in growth is not good enough.
-Tanjong’s business growth is coming from overseas, particularly the power division. Some 40% of revenue and 44% of operating profit comes from its overseas operations. They foresee that constant growth is something that is hard to come by in Malaysia.
-Domestically, government has slapped duties on the gaming operations, and Tanjong’s business operation is being hit with competition from Berjaya Sports Toto and Magnum Corp.
-Entertainment business (under TGV) is also facing competition from PBB Group’s GSE cinemas.
-Tanjong Capital Sdn Bhd (TCSB) believes Tanjong’s share price does not reflect its fundamental value. Tanjong has a wide range of businesses from power to gaming, if suffers from a conglomerate discount valuation.
-It is the most efficient way for an investor to exit the stock. You don’t have to worry about liquidity or queuing to sell the stock.
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DJIA (DOW JONES INDUSTRIAL AVERAGE) WILL DROP TO 3000 POINTS IN FEW YEARS?
(Article from The Edge Malaysia)
According to Robert Prechter, who is a well-known figure in finance world, recently predicted that the Dow Jones Industrial Average will plunge 70% to a low 3000 points in the next five to seven years. Prechter prediction is based on the Elliot Wave theory that was introduced by Ralph Nelson Elliott in the 1930s.
Prechter runs Elliott Wave International, a forecasting and publishing firm, and was formerly a Merrill Lynch technical analyst as well as president of the Market Technicians Association. He was dubbed “guru of the decade” back in 1989 for his prediction of the bull market of the early 1980s and the stock market crash of 1987. Robert Prechter wrote Conquer the Crash in 2002 and what he predicted then- the collapse of banks, deflation in the US and so on- is already taking place. GIVEN HIS REPUTATIONS, COULD HIS PREDICTION ABOUT THE DJIA BE RIGHT THIS TIME?
WHAT FUND MANAGERS SAYS ABOUT PRECHER’S PREDICTION?
-Provided the current global market rally is not extended, all these markets face a HIGH CHANCE of GOING BELOW their 2009 lows AGAIN.
-If the DJIA is used as the benchmark and it manages to climb above its recent minor high of 11,258 points, Prechter’s long-term bearish count would be significantly lessened althought not eliminated.
-If the DJIA drops below its recent low of 9,757 points, the odds are Prechter is right.
-Nobody has a monopoly or perfect track record in predicting the direction of the markets, not even Prechter, who is considered a guru of modern analysis of the Wave Principle.
-Market is very close to making a MAJOR BREAK from its current rangebound pattern and is likely to go lower.
-Keep your funds tightly managed with stop-loss and capital preservation the key, and you should do just fine whether Prechter, for example is right or wrong.
-It seems impossible that the DJIA fall to the 1,000 to 3,000 point level in the next five to seven years, but does not rule out the possibility.
-We are in the UNUSUAL economic and financial times. We cannot discount this as a possibility in the long term. The long term structural bear market that peaked in 2007 is not over yet.
-Robert Prechter wrote Conquer the Crash in 2002 and what he predicted then- the collapse of banks, deflation in the US and so on- is already taking place. We are looking at a bottom only sometime between 2012 and 2014.
WHAT FUND MANAGERS CRITICS ABOUT PRECHER’S PREDICTION?
-Not many people understand the theory and it is this pool of people who call experts like Prechter a nut for forecasting a major drop in the DJIA.
-Analysts who do not fully comprehend the Wave Principle often misunderstand what Prechter is saying, some of them mislabeling his forecast and others dismissing it outright.
-One cannot really recognize an Elliott Wave until it has passed. Therefore, it is hard to make forecasts out of such a theory.
-Elliott Wave is simply a series or up and down movements- which are easily observed in stock charts or prices- that does not help in forecasting prices or directions
-It is difficult to pinpoint all these waves, which can take one to three months ro form
IT IS NOT THE FLAWS THAT MAKE THE ELLIOTT WAVE THEORY A WEAK TOOL, BUT THE LACK OF UNDERSTANDING OR SKILL TO UTILISE IT. It will be interesting to see which direction the DJIA takes over the next few months or years and whether it will prove the Elliott Wave theorists right.
-Dow Jones Industrial Average Members
-Dow Jones Timeline
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Malaysia Going Bankrupt in 9 Years?
(Post Date : 1 August 2010)
Minister Idris Jala had sounded the alarm bell by stating that this country could go to the dogs or ended up bankrupt in 9 years if nothing is being done to the subsidy system. At present, the government spends a large chunk of its annual revenue on various subsidies.
Before we even start to debate the merit of dismantling these subsidies, we should look back at its historical background. Handing out subsidy was an easy way out to momentarily address issues of inefficiency, incompetence and inability to move up the higher value chain.
The government should have helped to address the issues through various capacity building programmes. The nation could have been prepared to go on a higher value chain and to be more productive and competent.
Unfortunately, for decades the government had lost various opportunities to revamp, reinvent and reenergize our socio-economic policy direction. The government never had the political will to implement any real reform. It looks like history is going to repeat itself again especially after the protest of 70 odd Malay NGOs against the NEM. Najib may yet again retreats from his policy like his predecessors.
Policy flip-flops and inconsistencies had ruined many good and well thought out policy vision including the Vision 2020 and the effort to become a knowledge economy.
Hence, dismantling the subsidy system which is sucking this country's resources dry must come with a steely political will to end mediocrity, cut wastage and adopt financial prudence. The government cannot expect the people to accept higher prices without first tackle its own financial mismanagement, wastage and internal corruption.
Our workforce is suffering from a middle income trap. Our average income per capita has not grown that much since 1997 compared to other countries in the region. At USD7000, it has barely made a jump from USD5,600 more than a decade ago. Any increase in the essential items, oil & gas, toll rates, sugar and others will trigger higher inflation.
What is the government plan to help boost per capita income of the people? What has the government done to create more higher paying jobs for the people? What has the government done to tighten its own financial management, cut wastage, combat corruption and leakage?
WHY MUST ONLY THE PEOPLE (MID AND LOW INCOME) SUFFER FOR THE MISMANAGEMENT?
The RICH BECOME RICHER AND THE POOR BECOME POORER. WHAT A SAD STORY.
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