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Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
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....
Posted by bingo > 2013-04-27 21:33 | Report Abuse
KPRU: UMNO 2013 will potentially suffer the fate of MCA in 2008 Think tank Political Studies for Change (KPRU) predicts that UMNO will lose a lot of Parliamentary seats currently contested for 5th May 2013 just as MCA lost their seats on the 8th of May 2008. KPRU made these predictions based on several factors. The first factor relates closely to the fall in Barisan Nasional (BN) President, Datuk Seri Najib Tun Razak’s popularity as opposed to the steady rise of Pakatan Rakyat (PAKATAN)’s leader, Dato’ Seri Anwar Ibrahim. A survey conducted by University Malaya Centre for Democracy and Elections (Umcedel) found that that Najib’s qualification to hold the reign as a Prime Minister has fallen in which only 39 percent of respondents believes Najib deserves to be the Prime Minister as opposed to Anwar Ibrahim which gained as much as 43 percent on the same survey. This is a fall of 4 percent from the survey conducted in early 2013. This is in line with the increase of trust in PAKATAN to become the new government post 13th General Election (GE13). Just as MCA lost its support significantly during the 2008 General Election, UMNO has lost its support significantly during 2013 General Election. And for that, BN’s campaign strategy for an individual known as Najib is to portray him as a good leader even though he has no courage to face Anwar Ibrahim in a debate on policies and each other’s manifestos while broadcasted live through the television. The second factor is the failure of the 1Malaysia to raise the living standards of Malaysians. Najib announced that the poverty rate have fallen to a mere 1.7 percent. Yet, it is predicted that the real number of the poverty rate in Malaysia is actually 19 percent, taking into account the household income and the 2009 Basic Amenities Survey Report by the Malaysian Statistics Department. At the same time, the BN government had to spend as much as RM3 billion for the 1Malaysia People’s Assistance (BR1M). Also to be noted is the 60 percent of public servants are financially incapable to purchase a house as well as the failure of the First Home Scheme that failed to assist the young adults to purchase their first homes. The 1Malaysia brand is also seen as a failure of Najib’s when approximately 250 1Malaysia People’s Shop (KR1M) is opened all across the country to provide cheap items to Malaysians. Najib also plans to open another 57 KR1M shops across the country. This also means the Malaysians are financially incapacitated to purchase quality products at affordable prices as BN has to open more sundry shops that sell cheap items at lower prices at supermarkets such as Giant, Aeon and 99 Speedmart. The third factor is the individual called Anwar Ibrahim whom has a better reputation that Najib in terms of the ability to administer this country’s finances and new policies could bring about reforms in line with contemporary demands. In 2007, Malaysia’s debt was RM267 billion. In 2013, the debt have jumped to RM502 billion. During Anwar Ibrahim’s tenure as Finance Minister, the country’s deficit was actually turned into surpluses as with in 1998 before he was fired, Malaysia gained a 2.4 percent in surpluses. This surplus then became deficit right after Anwar was fired from his position. This as opposed to the deficit rate under Najib that shot up to 5.4 percent in 2010. As for Malaysia’s workforce, Najib also failed to raise the number of skilled employees in this country considering the fact that 80 percent of workforce in this country is only armed with a Sijil Pelajaran Malaysia (SPM) certificate. Also to be noted is that Anwar Ibrahim has a better reputation in the eyes of the public. An example of this situation are the Indians having no interest whatsoever in the Anwar Ibrahim’s personal life and views the sex scandal towards Anwar as a mere dirty political trick of UMNO’s. Coming back to Najib’s reputation, the government’s decision under the guise of the Public Prosecutors’ Office, the sex trial against Anwar actually stains Najib and his administration as a cheap and dirty political tactic. Indians are not the only one to not care about Anwar Ibrahim’s personal life. According to the survey conducted by Umcedel, 54 percent of Malay respondents concurred that Anwar deserves more to become a Prime Minister as opposed to Najib who only gained 28 percent in the same question. The fourth factor that will influence the results of GE13 are Najib’s weak policies and his inability to have a stand firm on his decisions. This follows the sample of 10 failed policies of Najib’s administration as reported by KPRU[1] prior to this. Amongst the failed 10 policies of Najib include the Lynas controversy, the failed share swap between Malaysia Airlines and Air Asia to the failed Public Service New Remuneration Scheme (SBPA) after rejections made by the public sector. ...continue reading here please http://kpru2010.wordpress.com/2013/04/27/kpru-umno-2013-will-potentially-suffer