Yesterday, I posted my article “Anwar doesn’t have to increase taxes” in which I said the following:
Malaysia’s average export every year is more than its import in the last 70 years. Moreover, Malaysia has a strong foreign exchange reserve of USD 110 billion.
Malaysia’s average annual GDP growth rate of 6% which is better than Singapore, Taiwan and South Korea.
Singapore: The average annual GDP growth rate for Singapore over the last 30 years is approximately 5.5%
Taiwan: According to the data from Trading Economics, The average annual growth rate for the period of 1991-2020 is 4.3%
South Korea: According to World Bank, the average annual GDP growth rate for South Korea over the last thirty years is approximately 4.07 percent.
I am a Chartered Civil Engineer. After working for JKR for 5 years, I started doing business in 1962. I was a Co-founder of Mudajaya, Gamuda, IJM, IGB, MBMR, Rubberex etc. After doing business for so long, I have gained some knowledge and experience which I like to share with you, especially politicians.
Managing the country is like managing tens of big business operations in every town and city in Malaysia. Good managers produce good profit and bad managers produce less profit or losses.
If you Googled, you can see that Malaysia is one of the most corrupt country in the world. Our government must plug all the loopholes for corruption. Enlarge MACC to catch more corrupted politicians, civil servants and businessmen.
Government should form an Advisory Committee who can advise the Government to improve business operation. Members of the Advisory Committee should include representatives from the following industries:
I was the Secretary of the Malaysia Master Builder Association for 9 years and I know all our members are very short of workers. The current rules and regulation to employ foreign workers are too cumbersome. Our Government must simplify all the rules and regulations so that more foreign workers can enter Malaysia to work.
Our Government should follow Singapore Housing Development Board (HDB).
Housing and Development Board (HDB) is a statutory board under the Ministry of National Development responsible for public housing in Singapore. It was established in 1960 to take over the public housing responsibilities of the Singapore Improvement Trust (SIT). The HDB initially focused on constructing emergency housing and resettling kampong residents into public housing. Over the years, the HDB has evolved its approach, building flats with improved fittings and offering them for sale. It has also introduced upgrading and redevelopment schemes for mature estates, as well as new types of housing to cater to different income groups in partnership with private developers.
To build more houses, the HDB has implemented various strategies. These include:
The Government’s biggest asset is land. Land sales always involve large amount of money and corruptions. All land sale must be open to competitive tenders.
Government must not allow political leaders to negotiate to sell land.
Our Government must set up a committee to control land sales to prevent corruptions.
Issue of building permits and re-zoning very often involve big corruptions. For example, issuing permit to change agriculture land to building land. Building land value is many times higher than agriculture land.
In the case of re-zoning, to change an area from low density to higher density or change from low rise buildings to high rise buildings. It is like creating more land from the sky for sale.
To change a residential housing area to commercial shops and shopping malls. Commercial properties are more valuable than residential houses.
I just Google “How many civil servants in Malaysia?” Answer “Malaysia’s bureaucracy is one of the biggest in the world, with 1.7 million civil servants to a population of 32 million, a ratio of 5.3 percent, compared with Singapore’s ratio of 1.5 percent, and Hong Kong's and Taiwan's 2.3 percent. We have 1 civil servant for every 18 citizens.” Moreover, almost all the civil servants are Malays.
As I said earlier, managing the country is like managing tens of big business operations in every town and city in Malaysia. Good managers produce good profit and bad managers produce less profit or losses.
The quickest way to increase profit is to improve management efficiency and reduce overhead expenses.
Created by Koon Yew Yin | Jun 28, 2024
Created by Koon Yew Yin | May 28, 2024
It is a human nature that most men would complain to their wives that they were overworked and the wives would tell their husbands to get some assistants. As a result, the number of staff increases...
Created by Koon Yew Yin | May 13, 2024
Eversendai Corporation Berhad recently reported its earnings results for the fourth quarter ended December 31, 2023. Here are the key financial highlights:
Created by Koon Yew Yin | May 06, 2024
Eversendai Corporation Berhad made a remarkable comeback in FY2023, reporting strong profit growth. Here are the key highlights from their financial performance:
Created by Koon Yew Yin | Apr 30, 2024
As shown on the chart below, Sendai has been dropping in the last few days. Today all shareholders must be wondering to sell, hold on or to buy some at a cheaper price.
Saddiq is useful.
Useless are those pretenders, liars who even bend over to offer their rear end for the sake power. The swine party, DAP which often oinks about anti corruption is now rolling in bed with corruptors.
2023-09-21 09:24
Anwar as PM in 2023 and Anwar in 90's as Finance Minister different? 90's rubbish counters like Repco, Hwa Tai can touch RM 200 not nowadays.
2023-09-21 09:46
Adik Dik is a good boy. We all sayang him ! We all love what he says !
Well done.
2023-09-21 11:36
KYY ,do you aware that they are some scammers are using your name and disguised as you who offer private placement shares for ipo shares and to induce innocent people to bank into the so called international trading account opened using the link..?
2023-10-04 23:56
mr koon, are you in any whatsapp group encouraging people to subscribe RM500K in IPOs?
2023-10-05 20:39
speakup
KYY, these are the major reforms that PMX should've taken! But sadly he has no guts to do these tough reforms! So far for 9 months already he's PM, he just talk talk talk talk talk reforms saja, do a bit small insignificant reforms, that's it. The big major reforms, tadak!
2023-09-21 07:46