The government stimulus package announced earlier seems not to have kicked in making it appears that it has not been implemented as vigorously as promised.In my article here I predicted export would decline by 20 to 30 percent in the first quarter of this year.
That' what I wrote in one of my posts in May 2009.Now, read this where Prime Minister Najib Tun Razak admitted only RM2.6 billion out of the RM17 billion has been spent.
If the price of crude oil continue to rise beyond USD80 a barrel than the global economy may be in serious danger of not recovering as quickly as we wanted it to. If it doesn't recover within this year than Malaysia may be in for a longer and rougher ride.Exports will plummet to an alarming level.
The government need to liberalize more sectors of the economy for private and foreign participation. It also needs to encourage the growth of more high-tech industry and less labour intensive ones.
By now we should have done away with our image as 'sweatshop' for foreign investments and should seriously consider introducing minimum wage and better working conditions for those in the lower income bracket without which Malaysians would continue to shy away from these jobs and total reliance on foreign labour would continue to prevail.
I believe almost all Mat Rempits are Malay boys. Maybe, the government should seriously consider a special correctional boot camp for these troublemakers.They can't go home until the course is completed and must not have any contacts with parents, family or friends.The boot camp must be based on shock incarceration grounded on military techniques.
Sometimes, you have to be cruel to be kind.Unless, the government takes action now the menace and lawlessness of these youths would go beyond control.