What does He Mean when Jiuhu want dedollarization for its trade?

[k1976]

The issue remains on the scope and depth of the perceived returns which are exaggerated and the overlook on other more effective alternatives that can be generated with the amount of investment poured in, perhaps at even lesser price.

This is on top of its future loss in strategic upper hand and exposing further vulnerabilities to its resilience, security capacity and critical bargaining card in the long future.

 

[k1976]

To break from our middle income trap and to propel into the modern league, an effective, modern and reliable connectivity setting pillared by a holistic railway system is needed.

However, before that can be capitalised on effectively, the fundamental parameters of growth will need the first attention and given its current financial climate, a better priority setting is needed.

Just by justifying it on the basis of providing the needed boom in the related sectors and in providing jobs, the returns are incompatible.

The returns in the related sectors in terms of jobs, localised development, tourism and increased connectivity remain protracted and limited in scope, as compared to the price investment that could have been channelled in accordance to its past proven preference. The volume of rail ridership and the potential in that remain uncertain, considering the amount of financial investment put in.

The massive funding would have been made more effective and long lasting with tangible effects on better priority scope that provide direct returns to the people in the East Coast of Malaysia. The reality now remains that the East Coast is underdeveloped, deprived of equal growth and opportunity as in the West because of fundamental structural and systemic inefficiency and policy and strategic planning in growth distribution

 

[k1976]

https://www.freemalaysiatoday.com/c...05/29/drowning-in-debt-where-did-we-go-wrong/

In 2022, the economy grew 8.7%. However, growth does not always mean the economy is heading in the right direction, and there are some serious red flags that spell trouble for the people.

One major concern is our mounting debt. Malaysia’s government debt has ballooned from RM687 billion in 2017 to RM1.08 trillion in 2022 – almost doubling over six years.

 

[k1976]

The problem with GDP


Essentially, gross domestic product (GDP) reflects the size of a country’s economy and is comprised of four main elements – consumption, government expenditure, investment and net exports.

Most economists though will warn you that GDP says little about whether that growth is of high quality or even sustainable.

 

[k1976]

And right now, that is the problem: investment is contributing less and less to GDP through the years, while total consumption is contributing more. In fact, consumption had accounted for more than 70% of GDP since 2019 versus investment which hovered at around 20%.

Malaysia’s investment appeal is waning. Foreign direct investment has been lagging behind neighbouring countries such as Indonesia, the Philippines and Vietnam, while domestic investment has been stagnant at less than 30% of GDP for years, according to World Bank data.

 

[k1976]

Investment doesn’t concern only policymakers – it has a direct impact on people.

When investors expand their presence in Malaysia, whether through offices or factories, they’re creating jobs, training labour, and (ideally) buying and transferring technology that workers use to become more productive, more skilled and better paid.

 

[k1976]

Even more vital is investment that creates high-skilled jobs – something that Malaysia sorely needs. It’s no secret that:

• Insufficient jobs are being created annually, relative to the number of new graduates, with youth unemployment four times higher than the national unemployment rate at 12%, and that
• most of these opportunities involve low-skilled or semi-skilled labour, leaving 37% of highly educated Malaysians underemployed.

 

[k1976]

Falling investment will just perpetuate the “low-skills, low-wage trap”. This means

• Wages won’t grow as quickly,
• Inflation is going to hit Malaysians harder because incomes can’t keep up with rising prices, and
• Malaysians might have to keep burning through their savings and racking up debt to have a decent standard of living.

The people are already suffering. Aside from shrinking household incomes ( 12.5% more households earned less than RM2,500 a month in 2021), according to the Ministry of Finance, the median savings of Employees Provident Fund (EPF) account holders has reduced by 50% from RM16,600 in 2016 to RM8,100 in 2022 and household debt exceeded RM1.3 trillion in 2021.

 

[syed putra]

The people in jiu hu has already written off anwar as another failed PM. He can brag and talk do much, went off to middle East meeting concerning palestine instead or BRI in Beijing where over 100 head if stares are attending.
Anwar in also finance minister. So jiu hu better hang on to their horses. He doesn't know his job but pretend like he did. And when criticised, very quick to scold the criticiser.

 

[syed putra]

The so called reformasi never happened after 1 year. And looks like he is directionless. Dunno what to do but too arrogant to listen.

 

[LaoHongBiscuit]

those singaore people own malaysia property asset value how?

 

[k1976]

The so called reformasi never happened after 1 year. And looks like he is directionless. Dunno what to do but too arrogant to listen.

He Maybe also running out of ideas liao

 

[syed putra]

those singaore people own malaysia property asset value how?

You rent. Don't buy.

 

[k1976]

You rent. Don't buy.

Many jiuhu come over to buy property to safekeeping their net worth

 

[k1976]

True,

You rent. Don't buy.

Dun get stuck