tag:blogger.com,1999:blog-6297413898275266606.post1456283603546584712..comments2024-03-27T18:15:59.096+08:00Comments on Economics Malaysia: Were Ministers Briefed On The Subsidy Rationalisation Proposals?hishamhhttp://www.blogger.com/profile/06265308095732759923noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-6297413898275266606.post-82952974599644967062010-06-07T10:18:41.513+08:002010-06-07T10:18:41.513+08:00I was thinking of Valuecap, hisham.
One cannot ig...I was thinking of Valuecap, hisham.<br /><br />One cannot ignore that too many people have concluded the Valuecap episode was to use peoples' money to shore bourse-borne bleedings of the GLCs.<br /><br />Is there a mechanism which prevents feds from shifting their reds to semi-external blues? Think MAS shares, for instance.<br /><br />I don't think there is any consolation from knowing wallahttps://www.blogger.com/profile/17580252352785040456noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-39669818324463817142010-06-07T02:32:33.027+08:002010-06-07T02:32:33.027+08:00Not quite walla, money printing is when the govern...Not quite walla, money printing is when the government owes money to itself. In this case, the main holders are either the banking system or to households directly, not the central bank.hishamhhttps://www.blogger.com/profile/06265308095732759923noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-5535887965918003522010-06-05T12:01:54.575+08:002010-06-05T12:01:54.575+08:00'As to who we owe the national debt to, the bi...'As to who we owe the national debt to, the biggest portion is actually to ourselves.'<br /><br />our own Gestetner UK money-printing machine!!<br /><br />...also, impact and implications on ratings..wallahttps://www.blogger.com/profile/17580252352785040456noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-10540001322597163632010-06-03T08:46:53.952+08:002010-06-03T08:46:53.952+08:00hishamh,
tq for the answers. now i am less confus...hishamh,<br /><br />tq for the answers. now i am less confused. i need to brush up on some terminologies though.<br /><br />tq :-)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-75447045196302818882010-06-03T01:41:46.049+08:002010-06-03T01:41:46.049+08:00Fakhri,
To use your example of rice production, s...Fakhri,<br /><br />To use your example of rice production, subsidising current production is really a band-aid and doesn't solve the underlying problem.<br /><br />Here are some simple questions:<br /><br />1. Why is the cost of production higher than the market price? How come Thailand and India can produce at a cost lower than we can?<br /><br />2. Would providing a production subsidy hishamhhttps://www.blogger.com/profile/06265308095732759923noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-86869787241809871912010-06-03T01:23:49.619+08:002010-06-03T01:23:49.619+08:00DS Idris Jala was scare-mongering a little bit (ok...DS Idris Jala was scare-mongering a little bit (okay, a lot).<br /><br />There are a few reasons for cutting subsidies that come to my mind:<br /><br />1. They represent an opportunity cost i.e. would the money be better, more effectively spent elsewhere?<br /><br />2. The run up in debt has put Malaysia close to the point where investors would start to worry about default risk (60% of GDP). hishamhhttps://www.blogger.com/profile/06265308095732759923noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-73229988391134848492010-06-02T23:52:44.818+08:002010-06-02T23:52:44.818+08:00hishamh,
tq for the answer. i must say am both re...hishamh,<br /><br />tq for the answer. i must say am both relief and more confuse. you are right. i was like seriously overblown that we might go bankrupt.<br /><br />however, i am more confuse.<br /><br />errmmm ... since that we are like the left hand paying the right hand ... so why must they cut the subsidies? to reduce further debts?<br /><br />i thot subsidies help growth. I am originally Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-55518482536009068352010-06-02T22:07:21.729+08:002010-06-02T22:07:21.729+08:00Fakhri,
Money is fungible. So there's no reas...Fakhri,<br /><br />Money is <a href="http://en.wikipedia.org/wiki/Fungibility" rel="nofollow">fungible</a>. So there's no reason why subsidies aren't being funded through borrowings.<br /><br />As to who we owe the national debt to, the biggest portion is actually to ourselves. Only 11.8% as at end 2009 is held by foreigners.<br /><br />By size, the biggest holders are EPF (26.6%) and hishamhhttps://www.blogger.com/profile/06265308095732759923noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-72014486998765115652010-06-02T11:48:50.751+08:002010-06-02T11:48:50.751+08:00subsidies are basically from tax, non-tax revenues...subsidies are basically from tax, non-tax revenues, and national wealth. they can't be from borrowed money, can they?<br /><br />my question is<br /><br />whom do we owe our national debt to?<br /><br />FakhriAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-36847931199136524102010-06-01T10:34:56.835+08:002010-06-01T10:34:56.835+08:00Short answer - No!!
MCA too doesn't seem to k...Short answer - No!!<br /><br />MCA too doesn't seem to know anything about it!<br /><br />So much for consensus and consultation.<br /><br />dpp<br />we are all of 1 race, the Human RaceDonplaypuks®https://www.blogger.com/profile/14885751307558636916noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-90678330826030217592010-05-31T15:21:13.628+08:002010-05-31T15:21:13.628+08:00Jala did not communicate the message clear enough....Jala did not communicate the message clear enough. What the Deputy Minister is saying is to allay the fears of the people. Personally I too am confused as to what Jala said because what was reported (spinned by MSM) and what is in the ppt was 2 different things. I think even Jala is confused.<br /><br />Usually on such a major point like this Jala should have said we are going to do<br />a)<br />Wenger J. Khairyhttp://wengeratwar.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-33549051619093847112010-05-31T14:02:46.478+08:002010-05-31T14:02:46.478+08:00This is damning proof that they don't even bot...This is damning proof that they don't even bother to read what their own colleagues are saying by way of policy and principles. How-lah like that? Good one, bro.de minimishttps://www.blogger.com/profile/06478671079348612565noreply@blogger.com