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Distributing Petronas Yearly Pre-Tax Profits Of RM 70 Billion Equally And Channelling 30,000 More Policemen To Fight Crime Are Primary Concerns For The Ordinary Malaysians That Can Change Their Lives For A Better Tomorrow.
Media Statement
by Lim Guan Eng
(Parliament House , Friday):
The BN government has the people’s
mandate to use the 2007 Budget to determine the political and economic
directions but it should not renege on its public duty to directly
benefit the people, reduce their hardships as well as provide a safe
and secure neighbourhood to live, work, study and do business. The
time has come for the Budget to have a positive impact on the lives
of Malaysians not necessarily in terms of benefits but also in dealing
with the costs in line with the concept that rights carries
responsibilities just as entitlements requires obligations.
For too long the Budget appears
“disconnected” from the people’s lives, seeing it more as a necessary
evil in higher taxes or payment than in getting any real economic
benefits. Witness the mad rush for passport renewals following rumours
of a hike in passport fees from the present RM 300, one of the highest
in the world. It is sad that the Budget appears relevant only to the
big time businessmen and bankers leaving nothing for the “ordinary
bloke in the street”.
Sadly this tradition of the
Budget for the big boys and nothing for the “ordinary bloke in the
street” will be repeated in the 2007 Budget. We all know the 2007
Budget will be expansionary, but will it be another Mahathir budget of
breathless mega projects on the scale of turning our government
administrative centre into a veritable Disneyland?
For this reason DAP does not
wish to react to the Budget 2007 today except to regret its complete
lack of relevance and import to the “ordinary bloke in the street”. To
have meaningful changes in the lives of Malaysians, DAP urges the
Prime Minister and Finance Minister Datuk Seri Abdullah Ahmad Badawi
to initiate a paradigm shift.
First Malaysians must enjoy real
benefits from the country’s economic development. Bank Negara Malaysia
Governor Tan Sri Dr Zeti Akhtar Aziz said on Aug 30 that the country
economic growth for the second quarter this year was 5.9% higher than
the revised 5.5% for the first quarter. If conditions are so good, why
is there no pay rises, companies like MAS are making losses, and so
many retrenchments are going on?
Inflation for the first half of
this year was almost 4% higher than the 3% last year. The impact on
price increases and poor economic conditions can be seen with the
increasing crime rate where students are murdered in the streets for a
few ringgit.
DAP’s urges the government to
allow Malaysians to enjoy the benefits from the natural resources by
distributing the profits earned by Petronas. Since Petronas was formed
in 1974, its earnings have exceeded RM 500 billion as compared to
Singapore which does not have a drop of oil. If a non-oil exporter
like Singapore can give S$2.6 billion (RM 6 billion) cash under the
2006 Budget to all Singaporeans, especially the poor, why can’t the
Malaysian government do so when Petronas has earned nearly RM 500
billion. Oil importer Singapore has given $10.675 billion (RM 24
billion) directly to its people since 2000 as compared to Petronas
which has not given a single cent.
This year its pre-tax profits
hitting RM70.2 billion jumped 21 per cent compared to RM58 billion in
the previous financial year ending 31 March 2006. Net profit rose to
RM43.6 billion from RM35.6 billion. To get an idea of Petronas' size,
the net profit of Malaysia's largest listed company, Malayan Banking,
was just RM2.5 billion. This year alone, the oil company has paid the
government a total of RM41.7 billion - equivalent to what it would
take to build 23 Kuala Lumpur City Centre (KLCC) complexes, including
the Petronas Twin Towers.
Instead of taxing Petronas, DAP
suggests that the pre-tax profits be distributed to every Malaysian to
a maximum of RM 2,000 each with the remainder given to Petronas for
capital investment purposes. If an oil importer Singapore can give
tens of billions to its citizens why can’t an oil exporter like
Malaysia do so.
Distribution of Petronas
revenues would allow the people to bear the burden of price rises. No
one would complain if the government cuts fuel subsidies and all
subsidies to allow Malaysia to face world market prices. This would
also benefit Malaysians by improving our efficiency and productivity.
Improving economic conditions
would also help to fight crime, the greatest threat to safe and secure
neighbourhoods to live, work, study and do business. However to
effectively contain crime, the government must not only be “tough on
crime and tough on the causes of crime”, it must also be tough on
failures to stop crime.
The increasing crime rate is
caused also by the lack of professional attitude by the police and
lack of police personnel employed to fight crime. Violent crime has
increased from 21,604 cases in 2000 to 22,133 cases in 2005. The cost
involved is a horrific RM 15.3 billion in 2004 alone according to then
Deputy Internal Security Minister Datuk Seri Chia Kwang Chye!
How can the violent crime rate
not go from bad to worse when out of the 90,000 police personnel
nationwide, less than 10,000 is employed to fight crime. The public
has angrily asked what are the remaining more than 80,000 police doing
if not to fight crime. Isn’t the main duty and function of the police
to fight crime?
The government should increase
the motivation of the police to fight crime by increasing their
salaries by at least 50%. This would also help to reduce the rampant
corruption in the police force. At the same time, the 125
recommendations of the Royal Commissin of Police, especially the
establishment of the Independent Police Complaints and Misconduct
Commission(IPCMC) must be immediately implemented.
More policemen should be
employed to ensure that there are AN EXTRA 30,000 more policemen
patrolling and fighting crime on top of the present 10,000 policemen
fighting crime. Such an effort may cost billions but if successful, is
worthwhile as compared to not only the RM 15.3 billion losses from
crime but also the sorrow from the tragic injuries and horrific deaths
involved.
By distributing Petronas yearly
pre-tax profits of RM 70 billion equally and channelling 30,000 more
policemen to fight crime are primary concerns for the ordinary
Malaysians that can change their lives for a better tomorrow.
(01/09/2006)
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