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| Govt subsidy cut only for T20, don’t make this political: PM |
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Posted by: superadmin - 06-06-2023, 03:00 PM - Forum: Politics
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KUALA LUMPUR – The move to cut government subsidies only affects the rich or T20 group and that too is at a minimal rate, said Prime Minister Datuk Seri Anwar Ibrahim.
“The subsidy reduction only involves the rich T20 households. Can’t they do with less subsidies?
“I have to take away some from those well off in order not to burden the poor,” he said during Minister’s Question Time at the Dewan Rakyat sitting here today.
He said this in reply to a supplementary question from Radzi Jidin (PN-Putrajaya) on the decision to reduce government subsidies following the fall of the ringgit.
Citing the electricity subsidy as an example, the prime minister said 90% of the people will not be affected by the reduction, as it only has an impact on T20 households with big houses.
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| Is it true the gov’t spends a whopping RM2 bil annually to pay pension of MPs? |
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Posted by: superadmin - 06-06-2023, 08:17 AM - Forum: Politics
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Is it true the gov’t spends a whopping RM2 bil annually to pay pension of MPs, ministers?
![[Image: FW1225906_KL18_28022022_PARLIMEN_AGONG-lpr.jpg]](https://focusmalaysia.my/wp-content/uploads/FW1225906_KL18_28022022_PARLIMEN_AGONG-lpr.jpg)
THE government has to quickly answer claims that it spends a staggering RM2 bil annually to fund the pension of former MPs, ministers, deputy ministers (including parliamentary secretaries in the past) to the prime ministers.
Legal practitioner Khairul Anwar Rahmat who sparked the billion-ringgit question further raised the likelihood of big monthly pension bagged by the former wakil rakyat if they had dual roles of being state assemblymen, executive councillors and even Menteri Besar.
Attributing the source of his information to an insider dubbed “blue bird”, the Malaysian Volunteer Lawyers Association (SukaGuam) chairman expressed surprised at the big income that politicians can earn even when they no longer render any service to the people.
“I just did a quick check whereby RM2 bil can build two state-of-the-art hospitals (RM1 bil each) or 10 schools if it is assumed that the cost of each school is RM200 mil,” the International Islamic University Malaysia-trained lawyer penned in a recent Facebook post.
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| Khairy mulls starting own party despite ‘saturated’ political scene |
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Posted by: superadmin - 06-06-2023, 08:10 AM - Forum: Politics
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KUALA LUMPUR – Sacked Umno leader Khairy Jamaluddin is giving some thought to forming his own political party.
Speaking on the latest episode of his talk show Keluar Sekejap today, the former health minister said this is an option he had been thinking about recently.
However, he also felt conflicted as he believed the market for political parties was "already saturated".
“But I think if we can have a second chance, why not on our own terms?
“Not everyone gets a chance again without resorting to party-hopping.
“Maybe I want to do it on my own terms,” he said on the show, which he co-hosts with former Umno information chief Shahril Hamdan.
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| Japan must clarify the RM207bil ‘Death Railway’ controversy |
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Posted by: superadmin - 06-06-2023, 07:31 AM - Forum: Politics
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During a recent visit to the Kanchanaburi JEATH War Museum in Thailand, I met with two men whose grandfathers were victims of the infamous “Death Railway”.
The victims were among thousands of Malaysians forcibly taken by the Japanese to work as labourers to build a railway track from there to Burma (now Myanmar) during World War II.
They had come to see if the graves of their ancestors were among 6,982 victims buried in tombstones bearing their names in the special Kanchanaburi War Cemetery dedicated to their memory. Unfortunately for the duo, only soldiers and prisoners of war who perished while working on the project were given a resting place there.
The soldiers were from Australia, the Netherlands and the UK. According to records, these countries are still providing funds to local authorities and certain NGOs to maintain the well-kept graveyard.
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| Is China heading for Japan-like stagnation? |
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Posted by: superadmin - 06-05-2023, 03:59 PM - Forum: Business, Economy and Investment
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Is China heading for Japan-like stagnation? Economist says the worst is likely behind us
- China’s recent economic slowdown is due largely to “premature” withdrawal of policy support, Macquarie’s Chief China Economist Larry Hu said in a report Friday.
- He expects policymakers to remain accommodative, paving the way to a broader recovery.
- That means while China appears on the verge of Japan-style stagnation, the situation is temporary, the report said.
BEIJING — China’s economic recovery from the pandemic is set to broaden, meaning the country isn’t headed toward Japan-style stagnation just yet, according to Macquarie’s Chief China Economist Larry Hu.
China’s recent economic data largely disappointed investors hoping for a sharp rebound in the world’s second-largest economy after the end of Covid controls in December. Youth unemployment hit a record high of above 20% in April.
In a report Friday, Hu attributed the recent economic slowdown to a “premature” withdrawal of policy support after better-than-expected first quarter data.
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![[Image: 20230606_anwar_ibrahim_info_dept.jpg]](https://media.thevibes.com/images/uploads/covers/_large/20230606_anwar_ibrahim_info_dept.jpg)
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