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Parliament has just passed the RM60 billion Second Economic Stimulus Package in the form of a mini-budget, but there has been nothing “stimulating” on the economy.
Instead, the effect had been the opposite as illustrated by the unchecked fall in the Kuala Lumpur stockmarket index in the past six days since the announcement of the RM60 billion package, with the KLSE registering a fall from 858.22 points on March 10 to 841 points at the close of the market today. Far from being able to stimulate the economy, the Deputy Prime Minister and Finance Minister, Datuk Seri Najib Razak is the main cause for the crisis of confidence gripping the country, even undermining the RM60 billion second economic stimulus package announced by him last week. In fact, more and more Malaysians and international observers are asking whether, from recent events, Najib’s impending ascension as the next Prime Minister in the next two weeks herald the coming of a new Dark Age in Malaysia for freedom, democracy and the rule of law in the country. Only yesterday, DAP MP for Puchong, Gobind Singh Deo was suspended as MP for one year without pay and privileges in a high-handed parliamentary proceeding no different from a kangaroo court, without even giving him a chance to defend himself, on a matter which concerned the Deputy Prime Minister. This morning, together with other Pakatan Rakyat MPs, I was at the Jalan Duta Sessions Court where DAP National Chairman and MP for Bukit Gelugor, Karpal Singh, was charged under the Sedition Act for expounding a simple legal proposition in the country – that the royalty can be brought to court in their official and even personal capacities. READ MORE HERE
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