28 July, 2010

MIDA goes through re-branding.

Lembaga Pembangunan Pelaburan Malaysia. Yep that is the new name. But what is even more interesting is a special board to approve foreign investments for anything more than 1 Billion Ringgit. What this board is suppose to do it to cut the red tape for fast approval without the need to go through the Finance Ministry and MTen.

So, they claim it can speed up approval and get the foreign funds in faster and fatter than ever before. Certainly it all sounds pretty dandy if you ask me. But how would it improve employment of the locals? Just like how the MSC does not place a limit on the hiring of foreign skilled workers to a certain degree kills the market for our locals. On top of that for the same position locals are paid marginally lower than their foreign co-workers.

For the amount of investment sure translates to higher GDP and most importantly GDI to certain extremities but would it translate to the little ones? And hopefully the new act specific for this would and should impose such rules to limit the intake of foreign skilled workers and give locals a far better chance. Not only business should have higher co-ownership with locals but also covers the entire workforce in key departments and positions.

News report Harian Metro

27 July, 2010

List of interesting news....

Forged letters to award contracts
Apparently a DAP veteran has used an Exco member's letter head to make recommendation letters in awarding contracts amounting to a total of RM1million over the past year. I suspect even the BN buggers have been doing this for ages. Biler nak cekup mereka pulak?

Iranians runs Meth Labs
Authorities discovered a whole big drum of Meth Oil. The big question is how the hell the couple obtained such a large amount of Meth Oil?

North Corridor Economic Region gets boost
RM800++ million being dumped to stir the NCER. That much of money and only 1000 jobs? We need more than that.

21 July, 2010

Are there any other Muntik's?

The verdict to the murder case of a maid was welcomed by many. From what I can tell the Indonesian government seem not to let this go until justice is served for their citizen who was literally tortured to death. The Malaysian government too can't take the case too lightly as the thought of loosing foreign workers sends chills down many spines.

But what does this all mean? Would there be a specific law for foreign workers in general? The government has a responsibility not only towards Malaysians but to the foreigners working in the country as well. I could not imagine our economy could survive without the help of foreign workers since Malaysians themselves are picky about their jobs.

I laud any move by the government to quickly have a law on protecting the rights of foreign workers and be detailed terms as to the length and fringe benefits that one is entitled to. It will be an act of good faith on our part to be responsible employers rather than the likes of the dead man walking.