Wednesday, March 11, 2009
Quick Verdict On RM60bn Plan
It looked big, RM60bn is a very big sum, but you can take out RM25bn because thats in loan guarantees, so we are looking at RM35bn, ... and I would strongly discount the RM10bn equity investment as it would not be immediate, so we are really looking at RM25bn tops... still a very decent sum. Its broad based enough. I wish the government would have a website and breakdown the disbursements on a weekly basis. That would give the markets something you cannot buy, confidence in execution. The sum is big but its critical to know when it was disbursed, to whom and how much - that is not too much to ask, is it?
I would have liked it more if it wasn't drawn out over two years. There is not much room to delay the implementation - 2 years is too stretched out .
The one thing lacking is man on the street does not get more money in our pockets immediately. It would have been more effective if we had a partial tax holiday for 2008, sigh.
p/s photo: Sonja Kwok Sin Ney
(image on stimulus package from Malaysian Insider. If you consider the RM7bn + RM25bn = RM32bn or $8.6bn as a more realistic figure for Malaysia, that would put Malaysia just beneath South Korea, which is just about right as Korea has a lot more problems... but surprisingly Indonesia could be doing or should be doing a lot more than Malaysia)