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With the REFORMATION by increasing the PROFESSIONALISM OF THE BUREACRACY carried out by Mr. Ahmad Badawi, and the PRIVATIZATION EFFORT of Doctor Mahathir ( I attended his birthday party on Thurday, yeahhh!), we, in Malaya are begining to see the role of the FEDERAL GOVERNMENT be more of a regulatory role, guardians of CITIZEN's worker INVESTMENT in EPF, Tabung Haji, PNB as well ensuring the SAFETY and maintaining the SOVEREIGNITY of the Malaya, Singapore, Borneo federation.|
The more successful government linked companies NOW have DEFINED natonal agenda of building up the infrastruture, such as TENAGA NASIONAL BERHAD, national grid investments (more and more, electricity generation is from a pool of efficient private enterprises; such as Powertek, Genting, Malakoff, YTL, which we believe would have to competitively find their own industrial customers in the near future, paying commisson to use the national grid owners). While companies such as TELEKOM BERHAD would do likewise to lease out cable especially to service providers to market to end users.
Certain REVENUE collection agencies controlled by the Federal government especially PETRONAS BERHAD (fuel revenues), PLUS (public controlled road tolls), and National companies such as CIMB Berhad, BANK NEGARA will be used to protect the value of the RINGGIT, thus the protect the WEALTH of the MALAYAN CITIZENS reducing needs to have excessive capital outflow. The Indirect taxes will ensure low taxes, with target probably in between the low tax territory of Hong Kong - 17.5% rate compare to the present 28% rate.
(Mr. Najib has been on record to accord greater effort to some of this targets. He has a big burden of the case of his aide, Mr. Baginda Razak and poor performance on his part could mean the lost of votes thus control of the Federal government, and with only consolation of states in the Riau region to operate)
We have seen the help of CHINA, USA, BRITISH CLUB states to build up hydroelectric/non ferrous metals, solar cell production and banking/services/rare earth industries respectively by the 3 great powers of our contemporary world. Thank you to those states for their support.
The reinstituting of active autonomous STATE GOVERNMENT would steadily release the entrepreuneral energies of the CENTRAL REGION, Patani region and Penang.
Already I have seen the Penang government doing REFURBISHMENT of Georgetown city centre (whew! that place was a mess under the Gerakan Government, Barisan Nasional), and Ipoh is having a new CBD, privately financed, even a new, better airport.
Let's watch this tread on the real interesting changes instituted in Malaya, Singapore and Borneo.
New Middle Kingdom