Category: Ecomomic Policies

DAP to make an important statement on human rights at the public launching of the book ‘Human Rights in Malaysia’ at the Transport Workers’ Union Hall on Tuesday night

Speech by the Parliamentary Opposition Leader, DAP Secretary-General and MP for Kota Melaka, Lim Kit Siang, at the National DAP Publicity Secretaries’ meeting held at DAP PJ headquarters on Sunday, Dec. 8, 1985 at 11 a.m.

DAP to make an important statement on human rights at the public launching of the book ‘Human Rights in Malaysia’ at the Transport Workers’ Union Hall on Tuesday night

The DAP will make an important statement on human rights at the public launching of the book ‘Human Rights in Malaysia’ at the Transport Workers’ Union Hall on Tuesday night, 10th December 1985 at 8 p.m. Continue reading DAP to make an important statement on human rights at the public launching of the book ‘Human Rights in Malaysia’ at the Transport Workers’ Union Hall on Tuesday night

Has the government raised the quota reserved for bumiputras in all new public shares issue from 51% to 70%?

Press Conference Statement by Parliamentary Opposition Leader, DAP Secretary-General and MP for Kota Melaka, Lim Kit Siang, at DAP PJ Hqrs on Saturday, 30.11.1985 at 12 noon

Has the government raised the quota reserved for bumiputras in all new public shares issue from 51% to 70%?

Early this month, there was controversy when in the MAS public shares issue, the new Ministry of Trade and Industry guideline was announced at the last minute that 30% of the open portion of all new public shares issue must be reserved to bumiputras. As all new public shares issue would have to reserve 30% to the government-approved bumiputra companies, the new government regulation that 30% of the remaining 70% of the open portion open to public subscription should be reserved to bumiputras would mean that a total of 51% of all new public shares would now be reserved to bumiputras. Continue reading Has the government raised the quota reserved for bumiputras in all new public shares issue from 51% to 70%?

The new guidelines on 51% shares of new issues reserved to bumiputras which shows the government can change rules midstream is reason why lack of private investor confidence

Speech by Parliamentary Opposition Leader, DAP Secretary-General and MP for Kota Melaka, Lim Kit Siang, in the Committee Stage for 1986 estimates for Ministry of Trade and Industry in Dewan Rakyat on Tuesday, 19.11.1985

The new guidelines on 51% shares of new issues reserved to bumiputras which shows the government can change rules midstream is reason why lack of private investor confidence

The government has lamented that the private sector had failed as an ‘engine of growth’, as it had placed great reliance on the private sector to lift the Malaysian economy out of the recession and doldrums. Continue reading The new guidelines on 51% shares of new issues reserved to bumiputras which shows the government can change rules midstream is reason why lack of private investor confidence

DAP opposes the new Ministry of Trade and Industry guideline requiring 51 per cent of new shares offered in public issue to bumiputras as new and unwarranted extensions of NEP policy of quotas and percentages

By Parliamentary Opposition Leaders, DAP Secretary-General and MP for Kota Melaka, Lim Kit Siang, in Malacca on Thursday, Nov 7. 1985:

DAP opposes the new Ministry of Trade and Industry guideline requiring 51 per cent of new shares offered in public issue to bumiputras as new and unwarranted extensions of NEP policy of quotas and percentages.

The Ministry of Trade and Industry has announced a new regulation requiring 51 per cent of new shares offered in a public issue to be reserved to bumiputras. Continue reading DAP opposes the new Ministry of Trade and Industry guideline requiring 51 per cent of new shares offered in public issue to bumiputras as new and unwarranted extensions of NEP policy of quotas and percentages

Government taking the easy and irresponsible way to shore up its financial position by a 18.6% increase in petroleum production in complete abandonment of the National Depletion Policy on Petroleum Production

Speech by Parliamentary Opposition Leader, DAP Secretary-General and MP for Kota Melaka, Lim Kit Siang, in the Dewan Rakyat on the 1986 Budget on Monday, 28.10.1985

Government taking the easy and irresponsible way to shore up its financial position by a 18.6% increase in petroleum production in complete abandonment of the National Depletion Policy on Petroleum Production
The Minister of Finance, Daim Zainuddin, has established a record of introducing a second painless budget at a time when the country’s economy is going through a most painful period. Continue reading Government taking the easy and irresponsible way to shore up its financial position by a 18.6% increase in petroleum production in complete abandonment of the National Depletion Policy on Petroleum Production

DAP calls on Finance Minister, Daim Zainuddin, to announce in tomorrow’s Budget Speech the establishment of a $50 million Salvage Fund to help and save the depositors of Setia Timur Credit & Leasing (M) Sdn. Bhd.

Speech by Parliamentary Opposition Leader, DAP Secretary-General and MP for Kota Melaka, Lim Kit Siang, at the Dewan Rakyat on Thursday, 24th Oct. 1985 on the Finance Companies Amendment Bill 1985

DAP calls on Finance Minister, Daim Zainuddin, to announce in tomorrow’s Budget Speech the establishment of a $50 million Salvage Fund to help and save the depositors of Setia Timur Credit & Leasing (M) Sdn. Bhd.

Yesterday, during the debate on the amendments to the Banking Act, the DAP Chairman and MP for Seremban, Dr. Chen Man Hin and I spoke about the Setia Timur crisis, where around 13,000 to 15,000 depositors who had deposited some $40 to $50 million in Setia Timur Credit & Leasing (M) Sdn. Bhd., are unable to get their monies back. Continue reading DAP calls on Finance Minister, Daim Zainuddin, to announce in tomorrow’s Budget Speech the establishment of a $50 million Salvage Fund to help and save the depositors of Setia Timur Credit & Leasing (M) Sdn. Bhd.

MAS shares and the NEP

The government has lamented that the private sector had failed as an ‘engine of growth’, as it had placed great reliance on the private sector to lift the Malaysian economy out of the recession and doldrums.

However, the government should take a deeper look at the problem as to why there appears to be a lack of private investor confidence in Malaysia. The government has announced a review and proposed changes to the Industrial Co-ordination Act. When the DAP warned in the 1970s that the ICA is the greatest dampener of domestic private investment, this was disputed by the Barisan Nasional government. Now, the government had to admit that what the DAP had been saying for the last decade was correct.
Continue reading MAS shares and the NEP

Call on Prime Minister to cancel all Ministerial leave and holidays abroad and direct them to spend them inside Malaysia as ‘Leadership by Example to stem the currency outflows’

Speech by Parliamentary Opposition Leader, DAP Secretary-General and MP for Kota Melaka, Lim Kit Slang, at a DAP Ceramah organised by the Kuching DAP Branch held at Kuching on Friday, 27.9.1985 at 8 pm

Call on Prime Minister to cancel all Ministerial leave and holidays abroad and direct them to spend them inside Malaysia as ‘Leadership by Example to stem the currency outflows’

Early this month, a Hong Kong consultancy firm reported a deterioration in the risk rating of Malaysia over the near and medium term. According to this firm’s assessment in its latest quarterly risk report on Malaysia, both economic and socio—political risks had increased sharply since the survey in the second quarter of the year. Continue reading Call on Prime Minister to cancel all Ministerial leave and holidays abroad and direct them to spend them inside Malaysia as ‘Leadership by Example to stem the currency outflows’

The $313 million Dayabumi a White Elephant?

By Parliamentary Opposition Leader, DAP Secretary- General and MP for Kota Melaka, Lim Kit Siang, in Petaling Jaya on Friday, 6th Sept. 1985:

The $313 million Dayabumi a White Elephant?

Last month, the Minister for Public Enterprises, Datin Paduka Rafidah Aziz, said the Urban Development Authority had drawn up plans to promote the Dayabumi complex into a dynamic commercial centre. One such step would be to lower the rents of the shoplots to attract more businessmen. Continue reading The $313 million Dayabumi a White Elephant?

NEP injustices and inequalities the biggest cause of national disunity and racial polarisation in Malaysia.

Speech by Parliamentary Opposition Leader, DAP Secretary-General and MP for Kota Melaka, Lim Kit Siang, in the Dewan Rakyat when tabling a motion against NEP injustices and inequalities on Monday, July 15, 1985.

NEP injustices and inequalities the biggest cause of national disunity and racial polarisation in Malaysia.

I wish to move: Continue reading NEP injustices and inequalities the biggest cause of national disunity and racial polarisation in Malaysia.