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Najib, don't peg but sack them

Written By kadayan chronicles on Tuesday, 23 September 2008 | 09:22

Written by TaSigung Tia
Tuesday, 23 September 2008

Unlike in 1997, US economy is also effected now, so don't pick on greenback. If we wanna peg our ringgit so badly, I recommend that we choose a currency which is not effected. Choose Brunei dollar for example.



Najib - "Setakat Mat Tempe tu aku masih boleh lawan"

Current nationwide soaring inflation phenomenon isn't really pegging related. The focus at present is not so much about pegging, its about bringing massive corrective actions back on Malaysia's economy.

If Najib really want to change MoF, dare to sack those half-baked economists there.

1. They hate subsidies so much that they are willing to damage our economy for the belief.

2. They are bunch of totally uncreative economists. The only thing they knew when it comes to increase tax collection is by increasing the rate of tobacco's tax in every budget session.


PUTRAJAYA, Sept 22 (Bernama) -- Malaysia will not re-peg the ringgit now or in the future, Deputy Prime Minister and Finance Minister Datuk Seri Najib Tun Razak said Monday. "We are committed to allow the market to determine the value of the ringgit," he said in his first meeting at the Finance Ministry here today. Najib said the government was confident of the ringgit's position and it reflected the real value of the currency. The ringgit has depreciated from a high of 3.13 in April to 3.41 now due to the appreciation of the US dollar in global markets. At 9.08am today, the ringgit was higher at 3.4120/4170 against the greenback from 3.4570/4620 on Friday. Najib was responding to questions on former Prime Minister Tun Dr Mahathir Mohamad's suggestion that the ringgit's exchange rate be fixed again to cushion it against the impact of the weakening dollar against other currencies.


Comments

Pangait - Right! Kick 'em ass hard |2008-09-23 17:48:17
Them buggers at the MOF are lazy fat lots. They make cuts for every project awarded. Imagine all these while, say 8bil had been awarded, at 5% is a whooping rm 400mil in those asses pockets. This can get a long way ti fight inflation.
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