Monday, October 13, 2008

malaysiakini and the NEED for a NEW BUDGET

malaysiakini has an article headed Anwar calls for a fresh budget as the old budget was presented when oil was more than US$120 a barrel.
With the global slowdown and almost shutdown, it appears prudent for the government to revise its budget as PETRONAS contributes more than 60% OF Malaysia's GDP.
It means that the government's deficit is going to be much more than the budget that was tabled some months ago.
I also hope some MPs will question the MayBank deal in Indonesia that will probably lose the bank more than US$2bil during the next 3 months. As Maybank is an NEP component, those who control and manage it have to be more stringently supervised. This deal if considered like football game has the result Khazanah 0, Temasek 2.

photo:thanks to malaysiakini

No comments: