The Malaysian Insider:
Analyst: Stimulus package seen as neutral
By Debra Chong
KUALA LUMPUR, Nov 5 – The government's RM7 billion stimulus package is seen to have a neutral effect on the economy with the financial markets being weighed down by slowing growth, an analyst said today.
Deputy Prime Minister Datuk Seri Najib Razak announced yesterday that 2009 growth rates will slide to 3.5 percent from the initial forecast of 5.4 percent while the 2008 gross domestic product (GDP) growth will contract to 5.0 percent from 5.7 percent.
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Our Comment:
1. We strongly recommend that the Government be on a thrift budget for 2009 rather than on a 'spendthrift' one in the wake of the economic recession. Do not use the logic of following other countries when we know that they are not perfect and have faltered lately.
2. We make this call based on the Islamic principle of thriftiness. Also, we can take the example of Prophet Joseph a.s. where he put his country then on a thrift budget knowing that they would face hardship in the land at that time.
3. We think that the current 2009 budget is not wise enough. We let the economic experts dissect it. Then, they will see what we mean, inshaAllah.
Best Regards.........
Thursday, November 6, 2008
We Prefer A Thrifty Budget In Difficult Times !!!
Posted by Bukit Chandan at 2:29:00 PM 0 comments
We Condemn All Corrupted UMNO Members To The Bones
Malaysiakini:
'No money, no talk' sealed Ku Li's fate
Muda Mohd Noor | Nov 5, 08 4:56pm
Tengku Razaleigh Hamzah failed to obtain enough nominations to contest as Umno president because he refused to bribe delegates in return for their votes, said an aide today.
* Between RM500 to RM1,500
* Voting method questioned
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Our Comment:
1. We strongly condemn all UMNO & Ex-UMNO members to the bones for asking/giving/taking bribes in the UMNO elections, be it in the past or present.
2. We would like to remind them that involving in bribes is a big sin. Islam says that whosoever gives or takes bribes, both of them will go to Hell. So, are the UMNO members serious about being good Muslims or are they just want to make lots of bad money? If the answer to the latter question is yes, then their future are doomed, especially in the Hereafter.
3. We think that if they do not repent, then they are not fit to be the leaders of the people of Malaysia and lead the country, let alone be the supporters and defenders of the Malays Rulers. It is a big disgrace. They will suffer the wrath of Allah s.w.t. soon for their evil deeds.
4. It is not enough for the UMNO's disciplinary council to just take action on the candidates. They should also take action on all those members who are involved in bribes. No wonder Tengku Razaleigh only received 1 nomination. We commend him for not involving in the bribes.
5. So, we strongly recommend that the voting system be revert the original system before Dr Mahathir's time to prevent such abuses and anyone qualified can contest. Let the grassroots decide.
Best Regards.........
Posted by Bukit Chandan at 11:32:00 AM 0 comments