I think his colonialism remarks refer to US protectionism that could overwhelm developing countries. But the western press portrayed it as though he was mentioning china
One of the crappiest letter I've seen. How is China going to be angry, when most of the money for the ECRL is already drawn down, paid to Exim bank to the Chinese contractor directly, without even reaching Malaysia? The cancellation will hurt Malaysia a hell lot more than China, because the horse has already bolted and now Malaysia has to figure a way out how to get the money back. Pray tell me, who gets angry after getting paid for no work done?
To be realistic, how can China support us if we don't support ECRL which falls under one belt one road. I opine we should go ahead with ECRL and the only crucial agenda is to renegotiate on the pricing and mode of payment(deferred loan payment schedule). Moreover, the completed ECRL can lower the cost of transportation which is in favour of our palm oil and durian and to a certain extent Tourism. So, our income from these source will be affected. I wonder where is our source of income to pay our huge debt. Can we depend on 3rd national car as a source of income which was a failure in the past. The main income now is oil which depends very much on international pricing.(Note: solely my opinion only without prejudice to any party)
Sesiapa pun yg berunding dgn mahathir tak akan berjaya sebab mahatihir bagi sesiapa yg pernah mengenali beliau merupakan seorang yg paling keras kepala spt kata2 bekas pm australia.Sebab itulah rundingan jambatan bengkok dgn singapura suatu masa dulu pun gagal.bagi generasi baru inilah tun mahathir yg harus dikenali.
One thing mahadey successfully did was convincing china to never make agreement with Malaysia cause once gov changes new gov will not honor the agreement, this political risk will scare everybody away congrats
Tun M hv a right to anything to save this country from bankruptcy rather continue spending rakyat money with luxury things personally, 93 yo is more wise thinking then young people's like us, at least country is safe although i lose big big money yesterday bcoz Tun cancelled those project,, i accepted it as god well...
No cancellation of development projects if rakyat wants to be prosper. ONLY choice is to ensure reasonable (balloon) cost taking into account other benefits reaped for rakyat and the country. Cancel development projects is a huge mistake. GDP will come down drastically.
Managing a country is very tough. For TM, the only problem in his previous era of 22years as PM was execution. Nothing wrong his policies back then, only execution problems. So he will reset Msia back to 80s and let the new PM plan
Welcome to recession, Malaysia! It might have been good to stop the past evil but Malaysia need to move forwards with new prosperous projects. Its like PH is stuck in the past. Stop the ding dong and move forward. Move forward. Everyday is not about Jho Low and mega projects cancellations
Tun M also should not talk about colonization in these modern times, If you have nothing (don't think Malaysia is a gold mine), there must be a trade off to start something, if not you wait stubbornly stupid for something to happen. Don't blame past administration for a stagnant economy. The country is in PH hands now
Dr M is just trying to clean up Malaysia.... Don't worry..Oil price is still high...Malaysia is still safe..which is why Fitch doesnot degrade Malaysia rating...
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....
apolloang
18,163 posts
Posted by apolloang > 2018-08-21 22:34 | Report Abuse
save money better than najib spending spree