What you are saying is GDP is driven solely by public sector.Pls be reminded there is also a private sector bogged down by govt red tapes n under table money frm BN govt.This sector is waiting to roar under the appropriate policies frm PH eg incentives,tax holidays,business friendly govt etc.
after all the filth that was concealed frm the public has been uncovered by PH,and after the ff had responded to that filth,i believe bursa will head to unchartered territories,cos now the ppl are with the govt,n not against it.
haha what is so proud to have growth frm unservicable debt? Jim rogers used to say "Give a sucker a few bil dollars and he can show you a good time,for a while"
How did Najib get away with so much borrowings without affecting the Budget?
the invention of bullet repayment Islamic bonds is a very convenient tool. In the 10 years under Najib, Malaysia grew to be the biggest issuers of Islamic Bonds in the world. For some one like Najib, this is heaven send......for anyone who has no intention to repay the principal sums and for irresponsible borrowers, this is heaven send.
For some Islamic bonds, even interest also no need to pay because interest have been capitalised and either deducted up fronted or to be paid at the end of the tenure.....
And the borrowings are parked in Off Budget Agencies and GLCs and does not affect the annual Budgets until bullet repayments are due .
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
rchi
20,960 posts
Posted by rchi > 2018-06-02 13:51 | Report Abuse
What you are saying is GDP is driven solely by public sector.Pls be reminded there is also a private sector bogged down by govt red tapes n under table money frm BN govt.This sector is waiting to roar under the appropriate policies frm PH eg incentives,tax holidays,business friendly govt etc.