Friday 18 May 2012

PHENOMENAL ECONOMIC STRIDES FOR SABAH




By : STEPHEN YAMAN

DR. HERMAN Luping sounded very backward when he wrote in the Daily Express on Sunday May 13, 2012. On the back of a RM4.416bil allocation of the State Second Rolling Plan (of the 10th Malaysia Plan) to carry out 724 projects, what are the breakdowns of the allocation actually being spent, for what purposes and for how much?

All these look very nice on paper and when announced but if we start auditing and inspecting the projects one by one, we are in for some very big surprises! Over the years, we see so many projects that are not up to the standard such as road constructions and widening all over the state, schools that are under utilized for many rural areas, street lighting all over that are not even working, rubbish every where, blocked drains and overgrown grass, etc. So, he talked about very concerned and efficient state or national government.

And then, he talked about the CM announcing suddenly 20,000 jobs available in Sabah. Is this an election talk when there are so many unemployed graduates and school leavers around? Why is the East Malaysian minimum salary lower than West Malaysia when in fact many foreign companies are paying 15% more for workers who are transferred from West Malaysia to East Malaysia? Is it fair for the government to announce such differences?

In the 45 years in Malaysia, Sabah has transformed from one of the riches to one of the poorest (according to the World Bank Report). What is the basis of his analysis to say that we are doing otherwise “phenomenally”? So, Sabah should have, in fact, done better.

Let us be realistic – in the 1970’s, we used to go shopping in Singapore and Brunei for household things, clothes and liquor when S/B$1 equaled M$1. Today, just driving from Kota Kinabalu to Miri passing through Brunei, the Brunei petrol kiosk would not even accept the RM because they say that the RM is unstable and therefore unacceptable.

We were told to exchange our RM at the bank before filling up petrol. How sad and at the same time disappointing? What do countries like Brunei and Singapore produce for their currency to be very strong? What used to be B/S$1 equaled M$1 in the 1970’s is now B/S$1 equals RM2.45. Sir, are we making phenomenal economic strides?

The exchange rate difference might explain why everything we buy today like rice, sugar, petrol, car, building materials, etc are getting more and more expensive. Our currency has lost its purchasing power by 245% against the B/S$ of the 1970’s!!!

As a matter of public interest, Sabah and Sarawak produce so many basic things that we contribute to the Malaysian coffers but we get pittance in return for our development. Are we proud of this? Why is the Malaysian budget based on per capita (a big economic “jargon”) that makes it sure that we get that kind of budget in return?

Then Dr. Luping backtracked to the ancient British Era when we were run by a British company. The British company was here to “exploit” the opportunities in the colonies all over the world. “Exploit” they did as they were here to make money and nothing else.

Before 1963, the Philippines (No.2 after Japan in Asia at that time) were not even interested in Sabah because they thought that Sabah was like Mindanao. But when they realized that Sabah is so rich in natural resources, they start claiming Sabah as a Philippine Territory when it was already too late.

What Dr. Luping narrated in his story is history and does not bear any weight on the current situation of Sabah as a national “milking cow”. In fact Sabah deserves more. If he cares to do some research on the actual economic contribution of Sabah in the last 49 years, he will be up for some very big surprises. Or, with his position, is he pretending to be ignorant since he was in the position to know all (if not, most happenings)?

Why is it that the Sabahans have to be taken for a ride and treated like stooges by the British and now Malaya (as it was called)? We have been governed by BN since independence and BN says that they are the “Best” for Malaysia.

Can we continue to accept that they are the “Best” and nothing but the best. How can they justify that for Malaysia when they have no other national government to compare with? Can we try an alternative government to make our comparison with and decide for ourselves? So, for the PRU13, is it time for “change” for the people?

35 comments:

  1. The government must do their best to implement the 10th Malaysia Plan with the budget allocated by the federal government.

    http://sabah-go-green.blogspot.com/

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    1. Kerajaan harus kotakan janji mereka dan sentiasa realistik.

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    2. Peruntukan harus dikendali dengan wajar untuk lebih pembangunan.

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  2. Hope that all the projects planned will go smoothly so that the people will benefit from these Malaysian Plans.

    http://sabah-go-green.blogspot.com/

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    1. setiap projek yang dirancang harus dijalankan dgn baik dan lancar, moga ia byk memberi manfaat kepada penduduk Sabah.

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  3. Semua perancangan ini memerlukan masa untuk dilaksanakan. Melalui rancangan yang sistematik dan kecekapan menjalankan sesuatu tugas itu membantu dalam kelancaran sesuatu projek.

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  4. The government should prioritised their project.

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  5. Masalah pengangguran harus mencari cara penyelesaian yang berkesan. Banyak lagi belia yang tiada pekerjaan.

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  6. Tidak tahu gaji minimum akan memanfaatkan rakyat di Sabah?

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  7. Semoga perkembangan dapat seiraskan khas kawasan pedalaman.

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  8. Bagi pandangan saya sendiri sebenarnya apa-apa projek yang dirancangan untuk Sabah ini sememang baik. Ini bagi membuka peluang kepada penduduk Sabah mendapat perkerjaan. Namun ini juga disebabkan oleh sikap mereka sendiri yang memilih perkerjaan dan mahukan gaji yang lebih tinggi.

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    Replies
    1. We can only benefit from economic opportunities if we take part in the industry

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  9. state government to further boost the palm oil industry in Sabah by creating investment opportunities in downstream activities

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    1. yup,, there are more projects announced by the state government recently.. it will definitely boost the state and people economy..

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  10. kalau ada mana2 projek yang meragukan, kita ada sprm untuk buat kerja2 siasatan dan tindakan..

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  11. bagaimana pula dengan pembangkang? belumpun berjaya rampas puterajaya telah banyak penyelewengan berlaku.. dan yang terbaru ialah berkenaan dengan penyelewengan tender yang bernilai lebih dari rm600 juta di kedah..

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  12. Sabah also in financial terms is "in positive teritory" with fianncial reserves of RM2 billion, the highest figure since Musa became chief minister six years ago. He also the State's Financial Minister.

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  13. Multiple trade surplus of more than two to RM18.1 billion last year, unemployment fell to 4.9 percent from 5.5 percent in 2007 even though inflation rose slightly to 6 per cent due to the high price of oil.

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  14. However, inflation declined to 4.2 percent this year because the cost of fuel, clothing, transportation and communications cost has decreased as well.

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  15. Although slightly more than 7.2 percent of foreign tourist arrivals last year, earnings will remain at about RM4 billion for domestic tourists from other states in Malaysia, to help overcome the shortage.

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  16. Tourism is the third largest income in Sabah and the results obtained this year will most likely be permanent.

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  17. However, finding funds to spend proves to be a challenge to the Sabah State government due to the limited sources of income. Largest source is sales tax of RM910 million, mostly from crude oil sales tax estimated to be worth RM820 million a year. The rest comes from gambling taxes (RM90 million) and land (RM50 million).

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  18. Royalty came mostly from oil and timber, will give the state a total of RM725 million next year, declined by a quarter because Sabah is estimated to receive about 13 percent from 5 percent royalty oil at the rate of RM647 million as Petronas, the national oil company, expects oil prices more low. This year, it is estimated to earn RM742 million.

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  19. It is on track to achieve the target of 2.3 million tourists this year, especially after the terminal Kota Kinabalu International Airport can receive 3,200 passengers an hour, ready to operate. Some 1.6 million tourists came to the end of September.

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  20. Confidence in the state economy is evident in private investment, which saw 4.2 percent growth in bank loans to RM27.6 billion in the first nine months of this year, even though banks very wary of the global economic slowdown. For most of their investment in the construction sector, real estate, finance and insurance and agro-business involves.

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  21. However the deterioration of global demand for goods saw income from manufacturing and services declined about one-third last year to RM705 million from RM1.1 billion in 2007.

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  22. Amongst other things, Sabah’s per capita income in 2010 went up fromRM14,829 to RM17,242. And during the same period, the rate of unemployment also dropped from 5.6 per cent to 5.4 per cent. Apart from that, Sabah had already spent 75.5 per cent of the state allocation and 74.9 per cent of federal allocation to undertake development projects last year.

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  23. Head of State Tun Haji Juhar Haji Mahiruddin pointed out (during opening the first sitting of the State Legislative Assembly’s fifth session) that Sabah must shift from the low value commodity-based economy to one of high value and innovative that was knowledge- based.

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  24. Tun Juhar said the dependence on several major commodities alone would not strengthen the state’s economy. And, he also stressed the need for development of the industrial and service sectors. As a state that is rich with natural resources, Sabah has the edge to further develop these two sectors.

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  25. Commending the Chief Minister (Datuk Seri Musa Haji Aman) on his efforts to develop the oil and gas industry, the Governor also extended his appreciation to the Prime Minister (Datuk Seri Najib Tun Razak) for his support.

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  26. He was confident that with the commitment of the state government and the support and assistance of the federal government, the huge investment in the oil and gas sector would certainly boost Sabah’s economic growth. This will also help ensure the success of the Economic Transformation Programme (ETP) in the state.

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  27. Tun Juhar also said RM77.5 billion was needed to carry out 31 entry point projects (EPPs) in Sabah.The federal government would provide eight per cent of the amount to assist the private sector to kick off the projects.

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  28. A comprehensive implementation plan for each of EPP is ready and the private sector must seize the opportunity to invest in these EPP projects. The EPPs, Tun Juhar said, would create 144,000 jobs by 2020. The federal government has allocated RM459.2 million to help start six high-impact projects worth RM5.15 billion.

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  29. The Governor added that the projects under the Sabah Development Corridor (SDC) had been implemented smoothly, with 98.4 per cent of the RM100.4 million allocation utilised last year.

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  30. According to him, Sabah’s financial standing was strong as a result of competent and efficient management as well as proactive steps undertaken by the state government.

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