Sunday, June 04, 2006

economy of the country

The PM said that the economy would be at 6%. It is good for the country if the government is honest and transparent. Giving out statistics doesnt show that the country has sustained the cushion of any external attacks on her economy. I always view statistics with caution because it never tells you the real term in dollar and sense. Say the business improved by % over the same period last year. But if you study the figures, it shows a jump of say $20,000 which by itself is insignificant. Actually it doesnt improve on the strength of the company fundamentals. Likewise in our country economy one should study in monetary values to picture the gains of her economy. If you read in the newspapers, banks will auction 400 properties in June in KL. Likewise in the motorcar industry, finance companies are auctioning motor vehicles worth over $1billion to the public. So in a sense I dont quite believe in numbers in %. It should be in real terms pegged against the current trend happening in the sectors. Even in Penang many houseowners surrendered their properties to the banks for failure to service their housing loans. I also saw in Perak abandoned properties. Some were sitting there for over 10 years...

Let it be fair. We wish the economy is really improving for the benefits of the nation and her people. Sometimes political speech should be excercise with extreme caution. They always say different things everyday. Think hard for a minute. Our pockets are full of small change owing to the hikes of toll, petrol and electricity. Economy improved? I wonder at this stage.

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