DAP Proposes A RM 50 Billion Economic Stimulus Plan To Fight The Recession

Speech During The DAP Sabah State Annual Convention In Kota Kinabalu On 13.12.2008:

DAP proposes a RM 50 billion economic stimulus plan to fight the recession instead of BN’s puny RM 7 billion plan that Malaysians cannot see, can not touch and can not feel. No one knows how this BN RM 7 billion expansionary economic plan is going to help 27 million ordinary Malaysians. What we know is that the few BN cronies will benefit from a failed system that permits financial malpractices and abuses of power.

Malaysia economic growth in the third quarter this year, with a real gross domestic product (GDP) growth of 4.7% compared with 6.3% and 7.1% in the second and first quarter, respectively, is the lowest quarterly growth in three years. The BN government must wake up from its denial mode that Malaysia will not slip into recession following the global financial crisis.

Malaysia must follow China’s aggressive fiscal and monetary measures of both fighting the oncoming economic recession and looking beyond towards economic recovery. China announced the largest economic stimulus plan of USD 586 million over 2 years. However its 30 local governments has announced a larger USD 3.5 billion spending over 5 years. With total USD 4 trillion spent by China, this is almost double its international reserves of USD 2 trillion.

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Stop Vandalising.Multi-lingual Road Signs Put Up As Part Of Our Efforts To Promote Tourism In The UNESCO World Heritage Site Of Georgetown.

(photo by: Kwong Wah Yit Poh)

I have directed State EXCO member for Local Government, Traffic and Environment Chow Kon Yeow to instruct MPPP to lodge police reports over the vandalisation of the Bahasa Malaysia/ Arabic Road signs in Lebuh Acheh to prevent further sabotage of the 5 Bahasa Malaysia multi-lingual road signs put up by the state government as part of our efforts to promote tourism in the UNESCO world heritage site of Georgetown.

The 2 Bahasa Malaysia/Arabic signboards were vandalised early yesterday morning whilst the other two Bahasa Malaysia/Mandarin and one Bahasa Malaysia/Tamil signboards were not disturbed. Both signboards vandalised by being sprayed with red paint has been cleaned up by MPPP. The police report by MPPP is necessary to indicate the government views such vandalisation seriously as an effort to prevent a repeat of such sabotage by irresponsible elements opposed to national unity within a multi-cultural setting of Georgetown. As a heritage site, Georgetown belongs not only to Penang but also to the world and all Malaysians.
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Happy Deepavali

I wish all Hindus in Malaysia a Happy Deepavali. May this joyous occasion bring us peace, happiness and prosperity.

This is the Festival of Light where we celebrate the triumph of good over evil. Unfortunately, on this special moment of joy, five of our fellow Malaysians are still detained without trial under the draconian Internal Security Act.

Together with many others, our brothers P. Uthayakumar, M. Manoharan, V. Ganabatirau, R. Kengghadharan and T. Vasanthankumar have been unjustly detained for a long time now. Continue reading “Happy Deepavali”