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Prime Minister tells Barisan MPs it will be a fiscally responsible Budget
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KUALA LUMPUR: Datuk Seri Najib Tun Razak has told Barisan Nasional MPs that Budget 2013, to be tabled on Friday, will be a fiscally responsible one and that the rakyat will like it.
The Prime Minister told MPs that the Government had to ensure the Budget was fiscally responsible as it would be analysed by international rating agencies.
Kota Belud MP Datuk Abdul Rahman Dahlan said these were among the messages that Najib had for Barisan MPs during the pre-council briefing before the Dewan Rakyat sitting began yesterday.
“The Prime Minister said the Government would do its best to ensure that the economy remained strong and resilient,” he said.
Kalabakan MP Datuk Seri Ghapur Salleh said the Prime Minister also reminded the MPs to continue engaging and connecting with the rakyat, particularly in the “final lap” to the general election.
He said Najib stressed that the people’s needs should be served and their concerns looked into.
Kota Tinggi MP Tan Sri Syed Hamid Albar said Najib wanted Barisan MPs to win the hearts and minds of the people through their dedication and good service.
“The Prime Minister wants us to keep on serving, not because it is going to be election time but because it is our job to do so,” he said.
Alor Gajah MP Tan Sri Dr Fong Chan Onn said Najib reminded the MPs that work should go on and that the people’s needs should be looked after.
“We are reminded on the importance of engagement and that it is the people who matter,” he added.
Domestic Trade and Consumer Affairs Minister Datuk Seri Ismail Sabri Yaakob said the Prime Minister wanted Barisan MPs to act with responsibility.
“He wants all of us to carry out debates professionally because the rakyat is scrutinising our every action and word.”
Added on September 25, 2012, 8:49 amS&P lowers GDP growth forecasts for most of Asia, except MalaysiaBusiness & Markets 2012Written by Ho Wah Foon of theedgemalaysia.com Tuesday, 25 September 2012 08:13
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KUALA LUMPUR (Sept 25): A slowdown in China, troubles in the Eurozone and a weak recovery in the U.S. have led Standard & Poor’s Ratings Services to revise its forecast, lowering economic growth rates for Asia Pacific.
In a statement released from Melbourne, the rating agency’s credit analyst Andrew Palmer said: “We have lowered our base case forecasts of 2012 real GDP growth by about half a percentage point for China to 7.5%; Japan to 2.0%; Korea to 2.5%; Singapore to 2.1%; and Taiwan to 1.9%.”
He has also revised his forecast down by one percentage point each for: Hong Kong, to 1.8%; and India, to 5.5%.
He added the forecasts for other Asian economies remain unchanged except for the Philippines, which went to 4.9% from 4.3% due to the strength of its domestic economy.
“Our lower forecast for China recognizes that its government had elected not to inject an economic stimulus of a size and speed necessary for an 8% growth rate,” Palmer noted.
China’s slowdown is seen having a flow-on effect to the export-oriented Asian economies of Japan, Korea and Taiwan, and the trading port cities of Hong Kong and Singapore.
The slowdown in China, Europe and U.S. have also resulted in lower commodity prices
This news got no affect... and market remain..... slow...