the reasons why contracts is retracted, cancelled, reviewed because some can be directly handled by the Ministry's itself to increase revenue for the GOVT. Others can be still awarded to 3rd parties based on a lower fees.
I think what many people isn't getting is that with the new government drive for more transparency and fair competition, most industries landscape is going to be even more competitive than ever before. Monopolies in certain industries might crumble, inefficient businesses that are previously limping by will go extinct, there will be winners i.e lowest cost manufacturers, efficient-run operators etc, but there will be a lot more losers. Far from saying new gov is bad to the economy. Conversely, it is beneficial to the overall economy because all the efficiencies get pass along to the consumers which improve their spending power. But what benefits the end users will make the business landscape more competitive and stock picking more challenging.
I find the comments put forth here is most disturbing at best and totally nonsensical at the worst, save for @Ricky Yeo. Reaction in the market is like everything will end immediately, like, there is no tomorrow.
There got to be rule of law, that is, contracts awarded must be honored, especially those that had been awarded years ago. While those just awarded (like within last 6 months) could be cancelled with minimal loss to both parties (contractor as well as government). If there are corrupt practices, then, by all mean bring the evidence to MACC, charge them in court, not shout out here like they are guilty (especially just by association). Guilty until proven otherwise - is this the way forward??? Is this the new Malaysia we want? Guilty by association, guilty until proven otherwise?
Of course going forward, more competition is always desirable.
>>> (2) I am supportive of affirmative action. If a particular race is not doing so well, we should give them more chances. It is not good to have huge income disparity. (please do not scold me for supporting cronyism or corruption. That is a totally different story).<<<<
This policy was in existence for last 40 years.
Please write on its outcome so far, onjective)y and truthfully.
A party has done so much mistake and corruption and opportunity takes without any sense of stand for all wrong behavior. Icon8888 - i believe u r still in dreaming that created by these politician (similar in orang kampung). Most important they are NOT representing the race rather they are representing the people with muslim name by using race as a tools. In Malaysia there are 2 party one use race and another use religion for their benefits. WAKE UP!! now we have better choice! that simple.
just follow S'pore model, how to help the Bumi ... U see, the Malay in S'pore is more educated & progress more compare to our Bumi. Learn from S'pore , no need to crack your head to get idea to help our Bumi, Just follow & adapt from S'pore model to help our Bumi. I rest my case.
Affirmative action should not be based on race, but class. Why should Mercedes driving Malays receive assistance that should be channeled to the needy Malays instead? Anyway, it's not a total loss for crony stocks, but they need to grow up and compete. Those who have hitherto win contracts from who they know rather than what they know, they are surely in trouble now. Investors like us will need to separate the chaff from the wheat.
Some affirmative action was based on class. Anyone remember RMT (rancangan makanan tambahan) even the poor citizens like me with no father received them when i was young? Quota system was as well based on class if one can argue, based on 70% bumiputra populations vs 20% chinese, 10% indian and rest of the races. Just the way how people look at the program and how it was implemented that people had different perception that affirmative action is only meant for specific races. If you look at Indonesia, you will indeed agree that affirmative action were still valuable program that may averted Malaysia the 1997 indonesia crisis. You remember similar incident but more severe 13th may in Indonesia at that time? One can argue anywhere in the world when income disparity becomes so huge that the locals were like living as a slave to the non locals causes what happens is similar to scenario such as pre ww1 and ww2. It is a scary thing to imagine but it always happens. So sometimes we cannot be so selfish as in to merely think what was taken away from us, instead be grateful of what we have / given. If you are capable you don't need to be given these things, you will earned it yourself. Its not as if in Malaysia when one is hardworking one will still live in poverty. The social paradigm is still very much possible when one is hardworking in Malaysia be it you are a chinese, indian or bangladeshi. So be grateful of that, many other people in this world does not have that privilege.
Utusan - 49% direct own by Umno but i wouldn't buy.
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
Report Abuse
Please Sign In to report this post as abuse.
Market Buzz
No result.
Featured Posts
MQ Trader
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
MQ Trader 155 views | 18 h ago
0:17
New IPO: An enterprise IT solutions provider that provides implementation services, maintenance, support and professional services, Vetece Holdings Bhd aims to list on the Ace Market!
MQ Trader 403 views | 4 d ago
0:17
New IPO: A manufacturing and trading of biomass fuel products, particularly PKS and wood pellets company, Elridge Energy Holdings Bhd aims to list on the Ace Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Beza
1,847 posts
Posted by Beza > 2018-06-04 13:04 | Report Abuse
Contracts have to be reviewed. Low can be lower.