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[KEADILAN] target: Minimum RM4,000 household income

August 19, 2010
Aidila Razak
Aug 19, 10

Parti Keadilan Rakyat (PKR) is targeting a minimum household income of RM4,000 a month within five years of a Pakatan Rakyat federal administration, its de facto leader Anwar Ibrahim said.

NONE“This policy proposal will be raised at the Pakatan Rakyat leadership council for further deliberation,” he told a press conference at the party headquarters in Petaling Jaya today.

At present, 2.4 million families, or 40 percent of the households, earn less than RM2,300 a month. These people, Anwar said, formed the poorest section of society, of whom 75 percent are Malay or bumiputera families.

The figure of RM4,000 a family a month was worked out to provide minimum comfort for a household and was agreed to based on a survey conducted on rents and the cost of living in a city.

Anwar (right) said policies to meet this target, which include greater access to credit, would be paid for through savings made when government leakages were plugged, corruption eradicated and efficiency increased.

Such improvements in governance would also translate into higher foreign direct investments (FDIs), which would be the backbone of the economy, he said of the proposal to be mooted at the Pakatan meeting in two weeks.

“I don’t want to downplay the importance of FDIs, for Malaysia’s strength depends on FDIs. But what we are saying is that (if governance is improved), there will be no reason for investors to leave Malaysia,” he said.

8.9 percent still lower than neighbours

The Permatang Pauh MP also noted that the 8.9 percent growth in the last quarter came on the back of a financial crisis that saw the economy shrink by 1.7 percent last year.

azlan“Between the idea of dramatic increases in private investment and the reality that prevails at present falls a shadow,” he said.

Regional players like Singapore, which expect growth for this year to be seven to eight percent more than Malaysia’s target would also outshine the 8.9 percent growth.

“On the other hand, Indonesia is anticipated to register a growth of above six percent for 2010, continuing a 4.6 per cent growth in 2009 when Malaysia was in a recession,” he said.

Malaysia’s wage increase was also lagging far behind Indonesia’s, where the average salary had risen by 10 percent between 2007 and 2009.

NONEIn contrast, the average salary in Malaysia increased by only 2.6 percent over the last decade, with 34 percent of the workforce earning less than RM700 per month, Anwar said.

“It has become modus operandi for the federal government to throw a lot of big numbers and hide behind assumptions and premises that are eventually proven wrong.”

Anwar said the PKR policy proposal was likely to benefit the Malays and bumiputera, who made up the poorest section of society, without discriminating against the needy from other races.

“The debate is real income, not a 30 percent equity target squandered by a few. If the policy creates 10 billionaires but you only earn RM800 a month, would you still be proud?” he asked.

Welcome for use of the dinar

NONEOn a separate issue, Anwar said that the Pakatan Rakyat leadership is expected to review the proposal to introduce dinar and dirham coins in Kelantan.

“The initial proposal has strong foundation in terms of economic argument because it is based on tangible assets and the true strength of the economy.

“We need to discuss it, but I welcome the initiative,” he said.

One Comment leave one →
  1. bei soo lang permalink
    September 2, 2010 7:05 PM

    The people of Malaysia has become just like many of the silly Americans.They would fight to save the life of a sick baby monkey rather tha the thousands of sick Red Indian babies in their backyard.
    Fong Vui Kong is a drug trafficker who may make millions from the misery of drug addicts.These drug addicts will become snatch thieves and prostitudes to feed their drug addiction habit.In many places innocent housewives are killed when these drug addicts drag their hand bags from speeding motor cycles.Then the small children would suffer of having no mother.It is all due to drug trafficker like Fong Vui Kong.
    Why are not all these stupid people around Malaysia fighting for the victims of drug abuse? I can take them through the back streets of Kota Kinabalu after 10 pm.Thhere you can see thousands of drug addicts living in misery.May of the young native girls offer sex for 10 dollars just to feed trheir drug habit.
    I am from Kulim,Kedah but I have stayed in Kota Kinabalu for more than 20 years. I am in the hotel IT software business. My 5 star hotel has shown me CCTV of school girls going up and down the hotel for prostitution in order to feed the drug habits of their boy friends.
    It is all due to drug traffickers like Fong Vui Kong.
    He should be hanged to death by his neck according to the laws of the foreign land.If a foreigner should bring drugs to Kota Kinabalu we should hang him too.

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