KUALA LUMPUR: Business must be freed from politics for it to play a responsible and major role in creating a viable economy, said Tengku Razaleigh Hamzah, a former finance minister.
“The right to do business as part of the national economy must be a fundamental right, not subject to favours by politicians or bureaucrats,” he said at a luncheon talk here yesterday.
Tengku Razaleigh, who is the Member of Parliament for Gua Musang, was speaking on “Malaysia’s political economy and the international economic crisis” at the Royal Selangor Club.
Thank you very much for inviting me and for giving me this opportunity to address this very important and topical subject that is likely to affect the future of all of us.
1. The relationship between Malaysia’s political economy and the international economic crises is not an easy subject but a vast and complex subject which can touch on very sensitive issues. But the urgency of the subject is such that we must think and speak about it. Be that as it may, I have to state what I think is the heart of the problem of our political economy in view of the experience of the West which is unfolding at the moment. The full impact of what is happening in the West is yet to be revealed and it is possible that it will be a continuing process of revelation. It has been suggested by some political and economic observers that the crisis is likely to be the worst economic crises since the 1930s, and that it is bound to affect the entire world. But there are some who believe that the effect on Asia will not be the same as in the West. That may or may not be true, but in this age, no country is an economic island or indeed a political island. To emphasize the point, 30% of China’s economy is dependent on the wellbeing of the European economy. Any shrinkage in the West is bound to affect China. This can be said of many Asian countries.
Last Updated on Apr182012
GUA MUSANG: Kerajaan Pusat pada dasarnya sudah menyatakan persetujuan untuk melupuskan tunggakan hutang lapuk berjumlah RM114 juta, yang ditanggung 2,228 peneroka di sembilan Rancangan Kemajuan Tanah (RKT) Lembaga Kemajuan Kelantan Selatan (KESEDAR).
Ahli Parlimen Gua Musang, Tengku Razaleigh Hamzah, berkata kerajaan tidak mahu peneroka terbabit menanggung hutang lapuk dalam tempoh yang lama memandangkan RKT itu dibuka lebih 30 tahun lalu.
Beliau berkata, perbincangan mengenai perkara itu dibuat antara beliau bersama menteri terbabit serta Perdana Menteri, Datuk Seri Najib Razak baru-baru ini dan mencapai kata sepakat bagi melupuskan tunggakan hutang peneroka berkenaan.
KOTA BAHARU, Feb 2 (Bernama) -- Gua Musang MP Tengku Razaleigh Hamzah said Thursday his absence at meetings of the Kelantan Umno Liaison Committee must not be mistaken for a boycott.
The Gua Musang Umno Division chief said he did not stay away from the meetings on purpose.
"I do not attend, not that I do not want to attend, because I get the invitation (for the meetings) one day late or on the eve of the meetings," he told reporters after attending a closed-door meeting of the committee with visiting Deputy Prime Minister and Umno deputy president Tan Sri Muhyiddin Yassin here.
GUA MUSANG, 24 Jan (Bernama) -- Lebih 7,000 penduduk Orang Asli khususnya di sekitar Gua Musang akan menerima pendapatan lumayan apabila terbabit dengan projek ladang kayu gaharu dan rotan tidak lama lagi.
Anggota Parlimen Gua Musang, Tengku Razaleigh Hamzah berkata, setiap mereka akan diberi saham dalam projek itu menerusi penubuhan koperasi.
"Walaupun projek itu masih dalam cadangan, tetapi kerajaan sedang proses untuk meluluskan peruntukan untuk dilaksanakan di kawasan yang sudah dikenal pasti sesuai untuk tujuan berkenaan.
Last Updated on Jan242012
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