Crucial Need To Revive Economy

Malaysia Insider by Debra Chong

KUALA LUMPUR  ~ Whether the Pakatan Rakyat forms a new government today is not the main issue at stake in trying to revive flagging economic growth.

Instead, market and political analysts believe any change of leadership will provide a fillip to the economy and boost investor confidence.

“In terms of qualification and intelligence, the most qualified person to become prime minister is Najib,” an economist with a local investment bank who requested anonymity told The Malaysian Insider, referring to Deputy Prime Minister Datuk Seri Najib Razak.

“He has an economics background, and in terms of getting into and understanding issues, he is in a better state than the prime minister.-

The rising cost of living and the slowing down in economic growth have become a major issue affecting politics, with Prime Minister Abdullah Ahmad Badawi’s government swiftly losing popularity due to high oil prices.

Opposition leader Datuk Seri Anwar Ibrahim’s constant threats to topple the ruling Barisan Nasional government, and challenges from within Umno against Abdullah, have also undermined investor confidence.

Earlier this month, financial services group Credit Suisse told investors worldwide in a report to avoid buying stocks in Malaysia.

Credit Suisse pointed out that the power struggle between Anwar and the government was heightening risks to the Malaysian economy.

Tricia Yeoh, an economist attached to the Centre for Public Policy Studies, said Malaysia needed a leader to get rid of institutionalised weaknesses.

“The best leader is the leader who can get rid of corruption and one who can transform the economy in light of the current slowdown.”

Another market analyst said Abdullah’s reputation for “flip-flop” – policy reversals – also did not inspire confidence.

“This kind of flip-flop does not bode well for investors with regards to strategies,” he said.

The only thing that appears certain at this point is that Abdullah is no longer seen as a viable candidate to remain as prime minister for much longer.

Said Dr Ooi Kee Beng, political analyst with the Singapore-based Institute of South-East Asian Studies (Iseas): “Where Abdullah is concerned, he should retire. He was given the mandate five years ago and he failed.”

25 Comments that follow :-

  1. Wasn’t DSAI a former Finance Minister too?  –  by AsamLaksa
  2. Najib may have an economics background but methinks all that has long been replaced by an inborn background of pussinomics  –  by TokioRain
  3. “In terms of qualification and intelligence, the most qualified person to become prime minister is Najib.” an economist with a local investment bank who requested anonymity told the Malaysian Insider …..”  –  And I wonder who this anonymous economist could be!  –  by Temenggong
  4. This particular economist just has a jug of whiskey too many. Do you want a corrupted and scandalous politician to be the next prime minister? Are you out of your mind??
    You must have contracted mad-cow disease on the way home from Penang. Hey, WISE
    UP,pal!   –  by DreamLady
  5. This anonymous economist has no balls. Another son-in-law kot??? Najis is in better state than bodohwi? who is he kidding, the rakyat???
    Tricia Yeoh is correct and the only person I see best right now is DATUK SERI ANWAR IBRAHIM…LAWAN TETAP LAWAN!!!   –  by Heaven8402
  6. Oh sure! Najis know economic…that’s why he is billionaire now!!!!   –  by BabiHutan
  7. The investment banker speaking on condition of anonymity and who is full of praises for Najib’s economics qualification may be his own brother, Nazir of CIMB……dont take my speculation as gospel truth.  –  Fat Zorro
  8. Dear fellow readers,
    Just read again and again in this article. The writer indirectly suggest DSAI to be the leadership for this country.
    “The best leader is the leader who can get rid of corruption and one who transform the economy in light of the current slowdown”
    THAST’s DATUK SRI ANWAR IBRAHIM does Najib have all these qualities since he’s so corrupted?
    So the writing is written in a way so as not to directly shame the present government.  –  by BoeyTahan
  9. In terms of international influences, ability, capability and supportive of ground roots on economical angle ..Najib is better then AAB. But in real, rakyat don’t buy him…we still prefer DSAI!!   –  by ExelTung
  10. i’ve long before suspected Malaysiainsider is BN owned…. this article has just confirmed it.
    anonymous economist? what a joke! if the economist is renown and trustworthy, he/she would have use his name to vouch his analysis. seriously MalaysiaInsider is a crap piece of propaganda paper, the only difference with the NST, BH & Utusan is, it’s paperless… infact, the journalist & “so-called economist” could be also “paperless”.   –  by bugisman
  11. He also has professional qualifications for the use of C4s  –  by NetAddict1
  12. Can anyone remind Sharir that he suppose to review the petrol price! I believe that all us got carried away by 16/9 call! Pls bring down the petrol price down to RM1.50 NOW.!!   –  by The Hammer
  13. Yes, oil price now is below US100 yet where is the govt promise to the people? Seems that someone take for granted that we rakyat have short memory.   –  by binkah1
  14. Leadership change is imperative for everything that the average Malaysian needs today;no t wants but needs;food on the table(luxuries excluded);a decent education & a peaceful & harmonious life;is that too much to ask for? smilies/sad.gif  –  by Tom & Jerry
  15. Both Najib and DSAI may be equally qualified to hold the post of PM. The differnces between them are: a) Najib swear on the Koran to let we Malaysians believe that he’s innnocent of the C4 issue. DSAI respect the Rule of the Law to prove his innocence.
    b) Najib is borned with a Golden Spoon and does not understand the sufferings of the ordinary people regardless of race or religion. DSAI had spent 6 years in prison for a crime he may not have committed.
    We don’t need a Faceless Economist to advice us who’ll make a better PM, do we? smilies/shocked.gif smilies/shocked.gif smilies/shocked.gif   –  by Old Man
  16. None of UMNO minister is qualify to run the country because various scandal hidden in past and present…   –  by asguard
  17. Credit suisse advising investors? Isn’t credit suisse one of the banks about to collapse under US sub-prime woes? Or was it UBS?   –  by sydput
  18. Quote:
    “In terms of qualification and intelligence, the most qualified person to become prime minister is Najib,” an economist with a local investment bank who requested anonymity told The Malaysian Insider..”
    How can an intelligent man tell his followers to bathe the keris in Chinese blood?  –  by DontPlayGod
  19. Look fellas, we have got to be fair here. The anonymous economist is right about one thing. Compared to Bodowi, Najis will be the better economist. Hell, compared to Bodowi, even my 10 year old daughter will be the better economist.
    Another thing, let’s not blame the deluded poor excuse for an anonymous economist for all his ramblings and perceptions. That poor soul have his dreams and illusions. Sorry to say but that poor soul also must have ingested a couple dozen of amphetamine capsules plus a few barrels of liquor before making such an idiotic statement. (Or was it those Thailand weed?) Likewise, he could be a really clever bugger by saying what he did and pocketing a few thousands of ringgit in the process…..   –  by Hakim Joe
  20. if Be’eNd gov step down, Malaysia economy should be drive in correct way and benefit for all citizen.
    if Be’eNd gov still not going down, everyone will be suffer. u see all big major sector income come from Kedah, Perak, Selangor, Penang…such as travel in Kedah, multy factory in Selangor, technologies sector in Penang are control by opposition.
    after loose Ge12, gov stop tourism program and scrap giant project on opposition state. Be’eNd must stand side by side with opposition in order to bring benefit for all or step down and stand back, let opposition controlling econmy.   –  by capcomangel
  21. NAJIB ONLY GOT BACHELOR’S DEGREE IN ECONOMICS FROM NOTTINGHAM UNIVERSITY.
    WHERE THE HELL IS THAT UNIVERSITY BY THE WAY?
    HE DOESN’T EVEN HAVE A MASTERS OR DOCTORATE.
    IN THIS ENVIRONMENT, YOU NEED MORE THAN THE BASIC DEGREE.
    I HAVE GOT ONE LIKE HIS DEGREE TOO. I’M SURE YOU ALL HAVE ONE TOO.
    BUT NAJIB’S ECONOMIC DEGREE TELLS HIM TO AWARD THE HIGH-SPEED
    BROADBAND CONTRACT TO A CONSORTIUM OF ARESHOLLS LED BY THE MENTERI BESAR OF PAHANG, NAJIB’S HOME STATE.
    WHERE IS HE GOING TO TAKE MALAYSIA TO?
    ONLY DOWN INTO THE ABYSS.   –  by ApaNama
  22. kalau nak komen atau rekomen NAJIB, tunjuklah muka kepada semua.
    what kind of people lempar durian sembunyi tangan?  –  by ApaNama
  23. bodohwi also got a degree, but a general degree only.
    then he went to collect his PHD from michigan in 1987.
    that PHD is an honorary type. FOC.
    no need thesis or paper work.
    no need study.
    he doesn’t even know the difference between “percent” and “percentage point.” AND HE WANTS TO BE THE FINANCE MINISTER.   –  by ApaNama
  24. Najib financial background? Ya ya he knows how to “eat” well. we are in deep shit because aca failed to nab those sharks which eats up our pie   –  by kksam
  25. As a Malaysian, I definitely do not like to see Najib as PM because he has not cleared himself on the murder case. He should take steps to clarify as his integrity is at stake. With all accusations against him, how can he take the job of Finnace Minister? This is absolutely shameful for BN.
    We should never allow any doubtful character to run the country unless he or she can convince the raayat by his deeds and actions. This is what we the Malaysians are expecting our leaders to behave.   –  by HHKim

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