By : STEPHEN YAMAN
The PM has been talking on and on about progress and 'high-income' nation, a great nation but for what purpose when our currency has lost its previous face value by more than 2.4 times against the Brunei/Singapore Dollar?
Singapore was a part of Malaysia in 1963. In other words, the purchasing power of the Malaysian Ringgit has fallen miserably. This explains why we are paying more for so many basic things such as rice and sugar that we import.
If you earn RM1,000 in the 1970s, the same amount would be worth B/S$400 only today. B/S$ have higher purchasing power versus the RM today. I am asking the PM can we improve the value of the RM so that RM1,000 is worth B/S1,000 today.
It is useless to earn RM$10,000 per month when its purchasing power is only B/S$4,000. So, what is the use of 'higher income' when it can purchase only fewer items that we need when compared to 1970s? Should BN be very proud that under their management the Ringgit has badly lost its face value?
The other major issue is our massive foreign debts of RM458 billion. In other word, we have a lot of borrowings while Brunei/Singapore has none. This simply means that we have to pay a lot every month to service our debts. And over the years, Malaysia’s debts have been gradually piling up under the management of BN. Selangor and P. Pinang have good management under the Pakatan Rakyat.
The increasing state reserve fund is a good example when compared to the bad figures since it took over the two states in 2008. It is useless to earn a lot of money just to keep paying a lot of debts that will never seem to finish. What has Singapore or Brunei got that we don’t have?
So, whatever the people earn through the so called “higher income” just diminish to lower purchasing power or less value worth of our money and coupled with high inflation. Whatever Malaysia earns goes to paying debts and interests. What is the use of 'Transformation', when Malaysia can’t maintain the face value of our ringgit and its purchasing power, and how to repay and clear our debts totally?
If we were equal to Singapore or Brunei in the 1970s, are these very difficult yardsticks for the BN to achieve? If BN can't produce that result, then it is time to change the management!
Singapura dan Brunei sudah menjadi negara yang maju sekarang ni. Mungkin Malaysia boleh mencontohi dan mengikut cara mereka mengurus dan mengendalikan negara dengan baik.
ReplyDeleteAgree. Malaysia needs to learn from Singapore and Brunei. Even though they are small countries but they are well developed with high currency value.
DeleteDengan program2 kerajaan yang dirancang oleh kerajaan pasti akan meningkatkan ekonomi negara khasnya Sabah
ReplyDeleteNegara pasti boleh terus membangun jika ia mempunyai pengurusan yang baik dan sistematik.
ReplyDeletePertukaran mata wang itu menandakan sesuatu negara itu dimana kedudukan mereka. Namun Malaysia masih mampu bertahan untuk untuk naik.
ReplyDeleteMaka uruskan negara kita ini dengan sebaiknya bagi memastikan ekonomin kita akan terus stabil.
ReplyDeletekalau mahu buat perbandingan, cari la negara2 yang sama jumlah penduduk dan keluasan negaranya dengan Malaysia..
ReplyDelete