PM rolls out RM230b 10th Malaysian Plan

The prime minister Datuk Seri Najib Tun Razak announced the 10MP (Tenth Malaysian Plan) today at parliament, a 5 year development plan to help the country curb its falling deficit as well as to reduce the subsidies. He forecasted that the average economic growth of the country will grow at 6% over the next 5 years with fiscal deficit will be reduced by 2.8% of the GDP (Gross Domestic Product). The government will be allocating some RM230billion for the development plans where 55% will be allocated for the economy, 30% for social, 10% for security and the rest for general administration.

The plan will be focusing on 12 NKEAs (National Key Economic Areas) which are perceived as high income generators. They are (i) Oil and gas; (ii) Palm oil and related products; (iii) Financial services; (iv) Wholesale and retail; (v) Tourism; (vi) Information and communications technology (ICT); (vii) Education services; (viii) Electrical and electronic; (ix) Business services; (x) Private healthcare; (xi) Agriculture (xii) Greater Kuala Lumpur.


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It will help suck more out. Economic Growth of 6% have been heard since the time of Badawi. Still want to preach the same thing? Can achieve or not? Sound like bluff forecast.

NAJIS BALLS SUCKERS


In 2002, when NajiS was still the defense minister, he had ordered two diesel-electric Scorpene attack submarines as part of a naval upgrade. He became the prime minister in 2009 and the MACC now comes under his direct jurisdiction, while the Malaysian police is under the Home Minister, who is his cousin Hishamuddin PussY.

“The failure of the Najib administration to respond and account to its own taxpayers has become an international joke,” Suaram director Cynthia Gabriel told Malaysia Chronicle.

“It is for this reason that Suaram was compelled to lodge a complaint with the French prosecutors so that, at least, investigations can begin at the other end.”
The Malaysian complaint centers on a 114 million euro fee paid by DCNS to a Malaysian firm Perimekar Sdn Bhd to facilitate the deal. Perimekar is owned by the wife of Abdul Razak BagindaA, a close associate and former aide of NajiS’s. Formed only a few months before the deal was inked, Perimekar does not have any track record in submarine services nor did it have the financial ability to support the contract.


“But here, we are pretending nothing has happened. The commission alone comes up to more than RM500 million. Malaysians deserve to know if we had saved that money- how many more new schools and libraries we could have built," Sivarasa said.

"The entire deal costs RM5 billion but question still remains - were the submarines suitable for defending our coastline or did we buy them just so that some big shots could collect commission.”