Nuffnang : Terhangat Masa Kini

Jumaat, 25 Mei 2018

Menteri Kewangan LGE Ditegur Bloomberg


Kredit Helmi Effendy II

Wow, Lim Guan Eng kena tembak habis dengan Bloomberg sebab tak jaga ekonomi negara. 
"The finance minister must remember his day job." - Bloomberg kepada LGE. 

Tugas LGE adalah menjaga kewangan negara, bukannya jadi "penyiasat skandal" kes IMDB semata-mata. 

Tugas LGE bukannya bagi kenyataan negatif tentang ekonomi negara. 

13 hari berturut-turut pelabur sedang tarik stok diaorang daripada market Malaysia. Berbilion-biliion duit yang sepatutnya dilaburkan di negara kita dibawa keluar. (Setakat hari ini sudah lebih 3 billion di bawa keluar)

Jangan ranapkan ekonomi sebuah negara yang diberi rating A3 oleh agensi kewangan dunia macam Moody’s. 

Bloomberg kata lagi, tugas LGE sekarang adalah untuk yakinkan pelabur, supaya tidak lari dari negara kita. Yakinkan mereka bahawa tindakan jadi negara pertama di dunia abolish GST adalah langkah terbaik.

Yakinkan mereka bahawa kalau harga minyak berlaku lagi (dari gayanya akan berlaku lepas ni), Malaysia mampu survive tanpa GST yang dah selamatkan negara beberapa tahun lepas. 

Aku petik lagi kata Bloomberg:

"But for the finance minister to pursue that goal at the expense of his day job – of keeping the economy in good shape, and investors reassured – would be inexcusable." - Bloomberg

Jadi LGE, ambilah nasihat Bloomberg ni ya...

Malaysia’s new finance minister is taking a sledgehammer to 1MDB. A less blunt tool would do the job just as well, probably better.

Lim Guan Eng is busy telling the world about the shocking state of affairs at the scandal-ridden state fund. But that won’t sate the Malaysian public’s desire for justice.Investors, meanwhile, are uneasy about things getting out of hand. Already, foreigners have sold out of the nation’s stocks for 13 consecutive days. For Lim to declare in his first press conference that government debt has exceeded 1 trillion ringgit ($251 billion) because of a sly public bailout of 1MDB gets him full marks for honesty, but not for tact.

The amount, 45 percent higher than previously reported, could have been disclosed when Lim had a firm plan to pay it down. But the new government is suddenly short of revenue: Lim’s boss, Prime Minister Mahathir Mohamad, has gotten rid of the unpopular goods and services tax to thank voters for returning him to power after 15 years.

That’s all well and good. But the three-year-old GST fetched $11 billion for the exchequer last year, or 3.3 percent of GDP. Replacing it with another type of consumption tax will have to wait for the new parliament to convene, which won’t be until the end of June or early July.
Why does Lim want to risk leaving investors with an uncertain fiscal outlook until then? With U.S. interest rates firming, all emerging economies are under pressure. Malaysia, too, has seen foreigners pull out about $800 million from its bond market. Can Lim keep a lid on negative sentiment? This week’s events give cause for doubt. 
On Tuesday, Lim issued a harsh press release after meeting officials connected to 1MDB, which the U.S. Department of Justice believes was the epicenter of a multibillion-dollar scheme of plunder and money laundering.  
1MDB is insolvent, the minister said, citing directors. Well, investors have long suspected that to be the case.  

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