save malaysia!
Don’t allow Malaysia to become another Sri Lanka, Kit Siang tells Malaysians
DAP MP Lim Kit Siang urged the public to learn from the economic malaise that has befallen Sri Lanka and take the rights steps to direct Malaysia back to a right trajectory.
“During my schooling days in the 1950s, Ceylon, which later became Sri Lanka in 1972, was one of the most prosperous countries in Asia.
“In fact, it was more developed than other Asian countries like Thailand, South Korea, India, Pakistan and Burma at the time.
“Unfortunately, it later took a wrong turn in terms of its nation building policies and is now on the verge of becoming a failed state,” he said, in a buka puasa speech at Theatre Impian, Kuala Lumpur yesterday.
Sri Lanka is now facing one of its worst crises in decades as its economy is headed south, with street protests rising over shortages of fuel, power, food and medicine.
Its government had since announced that it would suspect foreign debt payment and had declared bankruptcy, alarming several financial institutions.
Great challenge ahead
It has since approached the International Monetary Fund (IMF) for assistance and had suspended trading at the Colombo Stock Exchange tomorrow.
On that note, Lim said that Malaysia itself has lost out to other nations which was behind it before Independence; such as Taiwan, South Korea, Singapore and Vietnam due to botched policies.
“Will we lose out to more countries, even to Indonesia and the Philippines, come 2040 or 2050? Can we save Malaysia from becoming another Sri Lanka?
“This is the challenge and mission of the new generation of Malaysians,” the DAP veteran added.
Lim remarked: “We have to be more conscious of the great role the young and old can play to make Malaysia a great country, particularly those aged between 18 and 21 who have chance to make a difference now. “ – April 17, 2022
https://focusmalaysia.my/dont-allow-malaysia-to-become-another-sri-lanka-kit-siang-tells-malaysians/
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Discussions
Be the first to like this. Showing 20 of 20 comments
Senior Lim! Just retire and shut up! Your son added 200 billion debt within 22 months!
2022-04-19 00:59
I3! Employers can continue to pay RM30 to bangla! 1.5k minimum wage only applies to malaysians! Anyway, before you mock banglas, they are now world biggest producer of branded goods! Yeah, that expensive Gucci bag that your wifey want you to buy, made by banglas!
2022-04-19 11:21
US and EU are now turning to Bangladesh for their branded goods! China is now too risky! You know, constant lockdowns!
2022-04-19 11:22
DHAKA, Jan. 26 (Xinhua) -- Bangladesh's foreign exchange reserves reached over 46 billion U.S. dollars by the end of December 2021 despite the COVID-19 pandemic, the latest central bank data showed.26 Jan 2022
2022-04-19 12:42
Our USD reserves keep flowing out due to millions of bangla, indon bring back to hometown....sooner, bangla will have more USD reserves beating us.....
2022-04-19 12:43
Collect loh....people are cheering for min pay increase by 25% to Rm 1500....but the chief beneficiary are foreigners loh!
The cost is be prepare to pay 10% for everything we buy for this silly policy loh!
U see....if u want to help the B40....u can target the area that can help them...like increase the min employer EPF contribution base on Rm 2200 salary mah!
2022-04-19 13:26
Correctloh the min pay will benefit foreigner instead mah!
More outflow of forex to other country loh!
If u want to help b40.....better to target EPF min contribution base on Rm 2200 per month loh!
2022-04-19 13:29
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥
Rising cost of living is the biggest challenge for average Malaysians. The average Malaysian is struggling. Though measures are introduced to control inflation, the costs have not fallen.
Salaries are too low and have consistently failed to keep pace with inflation; there is a downtrend in the national saving rates and rising household debt levels in Malaysia. Malaysians are saving less and borrowing more to maintain their lifestyles. The workers salaries have been too low for too long.
The other truth is many businesses simply cannot afford to pay more, as they are not getting sufficient returns on their total capital employed, which have been falling for some years now.
2022-04-19 16:21
1.5k basic wage is a poverty wage to be honest! Our ringgit value is total joke to foreigners!
Productivity very low! 5 working days is not suitable for developing country like Malaysia!
Take Singapore for example, their cleaners basic salary is as high as our bank managers! Singapore already becoming semi fully developed while Malaysia remain developing!
Cost of living in Malaysia is quite high! Property prices are beyond reach even for middle income group!
2022-04-19 16:36
I tell you, Bangladesh will overtake Malaysia in a decade! Don't laugh at the banglas! Eventually none of them will come to work here as Bangladesh offer better wages!
2022-04-19 16:37
Lim Kit Siang and LGE only know how to talk bad about govt. They never did anything to grow economy when in-charge
2022-04-19 18:14
Malaysia will never be a country like Sri Lanka.
1. Have confidence in the ability of our Central Bank (BNM) in doing its jobs. Our BNM is not poor and earning monies from all the profitable commercial banks in Malaysia. The reserve, for foreign currencies is at a comfortable level. Otherwise it won't be able to stay so long at RM4.20/USD1 for so long.
2. Malaysia has so many natural resources/production that Sri Lanka does not have namely oil, palm oil, rubber...
3. The human resources in Malaysia is of higher productivity. Take a look at the number university and the quality of the infra-structure that connecting the factories to the ports.
4. Look at our export products and compare the sale volume generated from the effort of our Malaysia entrepreneurs and the foreign-owned factories/businesses.
5. Compare the tax collected by their government and our government...
2022-04-20 00:06
The similarity of Sri Lanka & msia loh!
If u run a country with emphasis on rascism & rampant corruptions...U better becareful loh!
2022-04-20 13:00
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