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Pakatan says Najib should relinquish finance portfolio

March 6, 2012
By Shazwan Mustafa Kamal (TMI)
March 06, 2012

PETALING JAYA, March 6 — Pakatan Rakyat (PR) today demanded Datuk Seri Najib Razak relinquish his post as finance minister, claiming that him also being prime minister was a clear “conflict of interest”.

“In a corporate structure, this is like a person juggling the post of chief executive officer and chief financial officer,” PAS research chief Dr Dzulkefly Ahmad told reporters here.

The PR lawmaker said that on top of being PM and Finance Minister, Najib was also Barisan Nasional (BN) and Umno chief, and that this left him “too preoccupied” to devote his attentions on proper economic policies for Malaysia.

“With the present arrangement, it is no surprise that the federal budgets for the past few years have focused more on one-off goodies to appease voters instead of implementing structural changes to our economic structure that it badly needs,” said Dzulkefly.

He pointed out that even former finance minister Tun Zaim Zainuddin told China Press in a recent interview that the PM “has too much on his plate to be handling the Finance Ministry as well.”

Also present with Dzulkefly were PKR strategic director Rafizi Ramli and DAP international secretary Liew Chin Tong. All three stressed that Malaysia needed a single full-time finance minister who could carry out duties without distractions or complications.

“His performance as finance minister has been disappointing thus far. He has backtracked on a lot of issues like the six per cent service tax, the real property gains tax (RPGT) and the Equal Opportunity Commission (EOC),” added Dzulkefly.

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3 Comments leave one →
  1. Dr. Amir permalink
    March 7, 2012 1:27 am

    Dear Readers,

    All these PM cum Finance Minister was hatched by TDM, the politician craftman, who wanted to hold to the power and the money too. Having power with no money is no pleasure in political life. Appointing 2nd Finance Minister and Deputy is just a formality, to blind the public. The manipulation of funds with no check and balance it a dangerous precedence. Petronas earning had gone down by 34% in the 3rd quarter of 2011 compared to the previous year. It happens when the new top management took over. The price of oil is on the rise since last year, the pumping keeps continue, but strangely the earning went down. Is Petronas account made public or presented to the parlimentary members?

    Proton is going into the drain very soon, with India setting up a compact car plant in Indonesia. very soon. They had their own technology and we had borrowed technology, thus the former will rule then. It is going to be very cheap, even Proton will be “bungkus”.

    I am afraid under BN/UMNO Malaysia will not have much chances to compete at the world stage, since the corrupt regime and the UMNO 30% asking from investors will shy them away. Our FDI is amongst the lowest in SEA if we were to exclude the so call FDI channeled for Direct Investment (stock Market) which had no impact of the job opportunity in Malaysia.

    I believe, there are many data in our country that had undergone cosmetic uplift under UMNO regime and only the truth will be revealed when PR took over? It is also interesting if PR wants a transparency type of government if she rules. If it is not, then it is just another old wine in a new bottle.

    • Dr. Dzul permalink*
      March 9, 2012 2:42 am

      Salam Dr Amir,

      Well said and spot on! Couldn’t agree with you more….hope to see more of the enlightened and responsible professionals speaking up…Save Malaysia from irreparable ruin ya!

  2. Black Arrow permalink
    March 7, 2012 9:26 am

    With the PM holding the Finance Minister’s post, he can use the money as and when he likes for his own purposes and interests and one of the purposes is to financially strangle the Pakatan MPs who do not get their rightful allocation for their constituency expenses.

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