Economy

Penang State Government To Get Public Feedback On A Proposed Levy Of 3% On The Transacted Price Of Property In Penang By Foreigners In 2014.(en/cn)

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Press Statement By Pennag Chief Minister Lim Guan Eng In Komtar, George Town On 28.10.2013. The Penang state government welcomes the 2014 Federal Budget’s proposal of limiting the purchases of property by foreigners to RM1 million and above to cool down property speculation so that houses remain affordable for middle-income earners. This RM1 million limit …

Penang State Government To Get Public Feedback On A Proposed Levy Of 3% On The Transacted Price Of Property In Penang By Foreigners In 2014.(en/cn) Read More »

2014 Budget Continues BN’s 5D Policy Of Being Divisive, Discriminatory, Deceit, Debt And Deficits.(en/bm/cn)

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Press Statement By Penang Chief Minister Lim Guan Eng In Kuala Lumpur On 27.10.2013. The 2014 Budget is disappointing,not only because it offered nothing to Penang being a PR-ruled state, especially by failing to fulfil BN’s promise made in 2007 of building a Mass Rail Transit(MRT). The 2014 Budget was also discriminatory in providing only …

2014 Budget Continues BN’s 5D Policy Of Being Divisive, Discriminatory, Deceit, Debt And Deficits.(en/bm/cn) Read More »

The Federal Government Should Reveal Figures Of Investment In The Services Sector To Seek Convergence Of The Manufacturing, Services And Public Sector If Malaysia Is To Succeed In Transforming Into A High-Income Economy.(en/cn)

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Press Statement By Penang Chief Minister Lim Guan Eng In Komtar, George Town On 23.10.2013. Malaysia must succeed in developing the services sector to escape the middle-income trap and become a developed economy with a per-capita income of USD 15,000 by 2020. What we need to do is to ensure a partnership of equals between …

The Federal Government Should Reveal Figures Of Investment In The Services Sector To Seek Convergence Of The Manufacturing, Services And Public Sector If Malaysia Is To Succeed In Transforming Into A High-Income Economy.(en/cn) Read More »

Felda Should Justify Inflated Prices For Its RM500 Million London Hotels In Overpaying RM100 Million And Openly Defying One Of The Main Thrusts Of The Federal Government’s Economic Transformation Plan(ETP) Of Divestment Of Non-Core Assets.(en/bm/cn)

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Press Statement By DAP Secretary-General And MP For Bagan Lim Guan Eng In Kuala Lumpur On 23.10.2013. Felda should justify inflated prices for its RM500 million London hotels in overpaying RM100 millon and openly defying one of the main thrusts of the Federal government’s Economic Transformation Plan(ETP) of divestment of non-core assets. An online portal …

Felda Should Justify Inflated Prices For Its RM500 Million London Hotels In Overpaying RM100 Million And Openly Defying One Of The Main Thrusts Of The Federal Government’s Economic Transformation Plan(ETP) Of Divestment Of Non-Core Assets.(en/bm/cn) Read More »

Building Innovative and Competitive Technology Sector By Addressing The 5 key Challenges Mentioned In The World Competitiveness 2013-14 Report(en/cn)

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Keynote Speech by the Rt. Hon. Mr. Lim Guan Eng, Penang Chief Minister on 9 October 2013 – Gartner Asia Pacific (APAC) Local Briefing, E&O Hotel, Penang. This Gartner Asia Pacific (APAC) Local Briefing is the first ever Gartner event be held in Penang, and is a part of the local briefing series held in …

Building Innovative and Competitive Technology Sector By Addressing The 5 key Challenges Mentioned In The World Competitiveness 2013-14 Report(en/cn) Read More »

The Failings And Financial Wrongdoings Exposed In The 2012 Auditor-General’s Report Highlights The Criminal Breach of Compliance In 5 Key Principles Of Public Accountability, Transparency, Value For Money, Open And Fair Competition As Well As Fair Dealings.(en/cn)

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Press Statement By DAP Secretary-General And MP For Bagan Lim Guan Eng In Kuala Lumpur On 6.10.2013. The failings and financial wrongdoings exposed in the 2012 Auditor-General’s(AG) Report highlights the criminal breach of compliance in 5 key principles required in managing public funds of public accountability, transparency, value for money, open and fair competition as …

The Failings And Financial Wrongdoings Exposed In The 2012 Auditor-General’s Report Highlights The Criminal Breach of Compliance In 5 Key Principles Of Public Accountability, Transparency, Value For Money, Open And Fair Competition As Well As Fair Dealings.(en/cn) Read More »

Only By Implementing Open Competitive Tenders And Fighting Corruption That Would Save RM51 Billion Annually Can The Prime Minister Prove That He Is Not Faking His Sincerity Nor Using The Counterfeit Necessity Of Raising RON 95 Petrol Price By 20 Cents To Save Subsidy Costs Of RM3.3 Billion Annually(en/bm/cn)

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Speech By Penang Chief Minister Lim Guan Eng To The Penang Diaspora In Hong Kong Released In Komtar, George Town On 5.9.2013 The Prime Minister can only convince the public of his sincerity and necessity of raising RON 95 petrol prices by 20 cents to save annual subsidy costs of RM 3.3 billion by also …

Only By Implementing Open Competitive Tenders And Fighting Corruption That Would Save RM51 Billion Annually Can The Prime Minister Prove That He Is Not Faking His Sincerity Nor Using The Counterfeit Necessity Of Raising RON 95 Petrol Price By 20 Cents To Save Subsidy Costs Of RM3.3 Billion Annually(en/bm/cn) Read More »

Kerajaan Persekutuan BN Menipu Rakyat Dengan Menafikan Ia Mengamalkan Diskriminasi Cukai “Satu Negara Dua Sistem” Yang Hanya Memberikan Insentif Cukai 15% Kepada Pakar Warga Asing Dan Rakyat Malaysia Yang Pulang Di Kawasan Wilayah Pembangunan Iskandar Sahaja Dan Bukan Seluruh Negara.(bm/CN)

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Kenyataan Akhbar Ketua Menteri Pulau Pinang Lim Guan Eng Di Komtar, George Town Pada 24.7.13. Kerajaan Persekutuan BN menipu rakyat dengan menafikan ia mengamalkan diskriminasi cukai “satu negara dua sistem” yang hanya memberikan insentif cukai 15% kepada pakar warga asing dan rakyat Malaysia yang pulang di kawasan Wilayah Pembangunan Iskandar sahaja dan bukan seluruh Negara. …

Kerajaan Persekutuan BN Menipu Rakyat Dengan Menafikan Ia Mengamalkan Diskriminasi Cukai “Satu Negara Dua Sistem” Yang Hanya Memberikan Insentif Cukai 15% Kepada Pakar Warga Asing Dan Rakyat Malaysia Yang Pulang Di Kawasan Wilayah Pembangunan Iskandar Sahaja Dan Bukan Seluruh Negara.(bm/CN) Read More »

Bank Negara Should Restore The Property Loan Period For First Time Buyers To 45 Years Which Banks Must Offer, As Well As Focus On Capping Car Loans To Reduce Household Debt At 83% of GDP Is 2nd Highest In Asia.(en/bm/cn)

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Press Statement By DAP Secretary-General And MP For Bagan Lim Guan Eng In Kuala Lumpur On 16.7.2013. DAP calls on Bank Negara to restore the property loan period for first time buyers to a maximum of 45 years which banks must offer, as well as focus on capping car loans to reduce household debt at …

Bank Negara Should Restore The Property Loan Period For First Time Buyers To 45 Years Which Banks Must Offer, As Well As Focus On Capping Car Loans To Reduce Household Debt At 83% of GDP Is 2nd Highest In Asia.(en/bm/cn) Read More »

Wreaking Political Vengeance Will Only Wreck Malaysia’s Aspirations Of Transforming Into A High-Income Developed Economy By 2020 (en/bm/cn)

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Press Statement by Penang Chief Minister Lim Guan Eng In Komtar, George Town On 26 June 2013. Wreaking Political Vengeance Will Only Wreck Malaysia’s Aspirations Of Transforming Into A High-Income Developed Economy By 2020 If There Is No Focus On Economic Structural Reforms Centered On Malaysia’s Comparative And Competitive Advantage As Well As Diversifying Our …

Wreaking Political Vengeance Will Only Wreck Malaysia’s Aspirations Of Transforming Into A High-Income Developed Economy By 2020 (en/bm/cn) Read More »

Malaysia’s Ill-Earned Reputation As The World Champion Of Illicit Fund Outflow Per Capita Testifies To BN’s And Bank Negara’s Failure To Wipe Out Corruption And Prevent Money Laundering In Malaysia.(en/bm/cn)

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Press Statement By DAP Secretary-General Lim Guan Eng And MP For Bagan In Kuala Lumpur On 30.5.2013. Malaysia’s ill-earned reputation as the world champion of illicit fund outflow per capita testifies to BN’s and Bank Negara’s failure to wipe out corruption and prevent money laundering in Malaysia. When I was in London, I was sad …

Malaysia’s Ill-Earned Reputation As The World Champion Of Illicit Fund Outflow Per Capita Testifies To BN’s And Bank Negara’s Failure To Wipe Out Corruption And Prevent Money Laundering In Malaysia.(en/bm/cn) Read More »

Ceupacs Mistaken To Join Utusan Malaysia’s Boycott Of Air Asia And Air Asia X As Ceupacs Should Not Be A Racist Organisation But Serve All Malaysian Civil Servants Regardless Of Race And Religion.(en/bm/cn)

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Press Statement By Penang Chief Minister Lim Guan Eng In Komtar, George Town On 22.5 2013. Cuepacs president Datuk Omar Osman should behave like a Ceupacs President for all and not participate in Utusan Malaysia or UMNO’s racist acts. Clearly Datuk Omar forgets that there are Malay civil servants who are not racists and that …

Ceupacs Mistaken To Join Utusan Malaysia’s Boycott Of Air Asia And Air Asia X As Ceupacs Should Not Be A Racist Organisation But Serve All Malaysian Civil Servants Regardless Of Race And Religion.(en/bm/cn) Read More »

The Internal Revenue Board(IRB) should stop ‘tax terrorism’ and the targeting of SMEs but should prove that it is fair, impartial and upright in upholding the law without fear or favour by also investigating those who have made illegal ‘donations’ to BN or posseses extraordinary wealth. (en/bm/cn)

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Press Statement By DAP Secretary-General Lim Guan Eng In Kuala Lumpur on 2.1.2013. While the DAP welcomes the efforts of the Internal Revenue Board (IRB) to increase tax revenue through productivity gains and enhancing tax compliance, this should not result in the carrying out of ‘tax terrorism’ against Small and Medium Enterprises (SMEs), including going …

The Internal Revenue Board(IRB) should stop ‘tax terrorism’ and the targeting of SMEs but should prove that it is fair, impartial and upright in upholding the law without fear or favour by also investigating those who have made illegal ‘donations’ to BN or posseses extraordinary wealth. (en/bm/cn) Read More »