Economy

BN’s Denial that The RM 19 billion Profits Forgone By Petronas By Selling Gas Below Market Price To IPPs And TNB Is Not A Form Of Subsidy Another Classic Exercise of Self-Delusion And Mass Deception. DAP expresses shock at Energy, Green Technology and Water Minister Peter Chin Fah Kui’s insistence that the RM19 billion savings …

BN’s Denial is Another Classic Exercise of Self-Delusion And Mass Deception (en/bm/cn). Read More »

Press Statement By DAP Secretary-General And MP For Bagan Lim Guan Eng In Penang On 24 May 2011. Despite the Government Transformation Programme (GTP) and Economic Transformation Programme (ETP), Malaysia has dropped six places from 10th in 2010 to 16th in the Institute of Management Development’s (IMD) 2011 World Competitive Rankings. This downtrend is in …

Malaysia has dropped six places from 10th in 2010 to 16th in the IMD’s 2011 World Competitive Rankings(en/bm/cn). Read More »

BN’s Economic Transformation Programme(ETP) Has Failed To Win The Corruption War, Improve Transparency And Accountability By Failing To Prevent The Slide In Malaysia’s Competitiveness By Six Rungs From 10th In 2010 To 16 In 2011. BN’s much vaunted ETP has shown signs of failure when it is unable to prevent the slide in Malaysia’s competitiveness …

BN’s ETP Has Failed To Win The Corruption War, Improve Transparency And Accountability(en/bm/cn) Read More »

Penang welcomes the Federal Government’s initiative by Prime Minister Dato’ Sri Najib Tun Razak to co-develop a Greater Penang Masterplan, which will ultimately result in a major urban conurbation in line with the Penang State Government’s vision of creating an international and intelligent city. We look forward to a cooperative venture. In response and to …

Penang welcomes the Federal Government’s initiative by Prime Minister Dato’ Sri Najib Tun Razak to co-develop a Greater Penang Masterplan Read More »

Only 6% Of The Population Yet Penang Contributes 36% Of Malaysia’s FDI In 2010: Penang Must Not Live In The Past But Learn From The Past So That We Can Save The Future For Our Children. The Jasmine Revolution in the Middle-East will have serious repercussions not just geo-politically but even economically. The political crisis …

Only 6% Of The Population Yet Penang Contributes 36% Of Malaysia’s FDI In 2010 Read More »

DAP expresses disappointment at the declaration by EPF of a mere 5.8% dividend or RM 21.61 billion payout for 2010 as inadequate and not commensurate with the 40% increase in EPF gross investment income of RM24.06 billion as compared to 2009’s RM17.22 billion. As compared to 2009’s 5.65% dividend, this increase of only 0.15% to …

The Employees Provident Fund (EPF) 5.8 % Dividend Or RM21.61 Billion Payout For 2010 As Compared To 2009’s 5.65% Is Inadequate And Not Commensurate With The 40% Increase In EPF’s Gross Investment Income. Read More »

Penang welcomes the assurances in yesterday’s Bernama by the Performance Management and Delivery Unit of the Prime Minister’s Department or Pemandu that Penang has not been left out of the Economic Transformation Programme (ETP). The Penang state government is willing to meet and be briefed by Pemandu on the 95 entry points projects (EPPs) to …

Penang Willing To Be Briefed By Pemandu To Co-ordinate And Co-operate On Successfully Implementing The 95 EPPs Read More »

The topic of discussion today is ‘The Rise of Asia and China’s Role’. I can conceive of two fruitful approaches in which we can discuss this very general topic in greater depth and detail. The first approach is to discuss China’s role in ensuring continued economic growth for itself as well as for the region …

China Has Replaced Singapore, USA and Japan As Malaysia’s Largest Trading Partner In 2009. Read More »

DAP is shocked at the revelations by UEM Group MD Datuk Izzaddin Idris that toll highway operator PLUS Expressways Bhd could be compensated as much as RM5 billion by the Federal government over the next five years for not raising toll rates. Clearly freezing toll rates is meaningless as the people still has to pay …

Compensating PLUS RM 5 Billion For The Next 5 Years For Freezing Toll Rates Will Only Increase Both Federal Government Debt and Debt Service Charges To Unhealthy Levels. Read More »

DAP is disturbed by the death threats against Petaling Jaya Utara MP Tony Pua, who received a bullet with a threatening note on 11.8.2010. DAP condemns these threats against Tony and his family as a dangerous escalation of political polemics of race to violent threats against Pakatan Rakyat(PR) leaders. Pua had said he did not …

Death Threat Against Tony Pua A Dangerous Escalation Of Political Polemics Of Race To Violent Threats Against Pakatan Rakyat Leaders. Read More »

KEYNOTE ADDRESS BY THE CHIEF MINISTER OF PENANG LIM GUAN ENG AT THE PENANG OUTLOOK FORUM 2010 On 3 JUNE 20101 IN SINGAPORE: Penang’s Focus On Penang’s Human Resources To Propel Penang Forward As An International City, High-Income & Knowledge Economy With A GDP Of RM 45 Billion And Per Capita Income Of RM50,000 By …

Penang’s Focus On Penang’s Human Resources To Propel Penang Forward Read More »

In conjunction with Labour Day 2010, DAP urges the federal government to introduce a two-tier system of a compulsory minimum wage to ensure all our workers would earn basic salary above the poverty level and an aspirational fair wage. Minimum wage The absolute poverty rate in Malaysia is at 3.6 per cent, yet there are …

DAP urges the federal government to introduce a two-tier system of a compulsory minimum wage and fair wage Read More »

Press Statement by Cheong Yin Fan, Press Secretary to Chief Minister of Penang: Penang Chief Minister YAB Lim Guan Eng will be visiting Taiwan from 10 th – 13 th January 2010. While in Taiwan, the Chief Minister will meet Taiwanese businesses, industrialists who are interested in Penang. This visit is part of YAB Lim …

Visit to Taiwan Read More »