GDP 2010 at 7.2%

When Bank Negara Malaysia released the 4th quarter GDP 2010 at 4.8%, my reaction was ok. Achieving 7.2% annually for 2010 GDP was a success for Najib's administration.

My instincts say for 2011 even if the crude oil prices shot up to USD 147, Malaysia could at least maintain a GDP of 5%. Of course I have no proper charts and technical analysis, it was just a cross of my mind.

The introduction of 70% limit on 3rd house purchase for a borrower is very interesting. I do not own a house thus maybe I can have a 90% loan if I want to buy a condo provided I have a steady flow of income. The term LTV was not in my mind for quite sometime. Maybe LTV can be used for a borrower who wants to buy a second car too.

As in the early 1990s, I am calling PM Najib to review the CPI subsectors more thoroughly. Beside food and beverages, other expenses must also be included such as bus and LRT fares, toll and even essential items for machine maintenance( tires,engine oils, traffic tickets etc). For instance for a 5 sen increase of Ron 95 gas price, every other sector of the economy will also charge 5 sen extra. I propose baby milk and pampers be made controlled items by the KPDNHEP.

There has been voices that the government intend to use tax payers money to send back students to Egypt to complete their studies. It is a stupid move. Most of their parents own non national cars and non national cars are more expensive to buy. If their parents can afford to buy cars other than Proton or Perodua it meant they have money. The government has done a good move by bringing home those students safely to Malaysia. And they were transported back to their homes from KLIA in imported cars, mpvs and suvs. Their parents are rich. PM Najib's government must not use taxpayers money for those students to return to Egypt. v