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Sunday, 19 February 2017

RUU 355 and the outcome to come and the Malaysian people as colletral damage - Do PAS and UMNO care at all


   Tan Sri Dato' Mohd. Sheriff Mohd. Kassim P.S.M., D.S.P.K., K.M.N., D.P.M.S. merupakan bekas Ketua Setiausaha Perbendaharaan Malaysia (1991-1993).

In addressing the issues surrounding RUU 355 , let me speak from the mind of an economist.
Those who are conversant with d dynamics of the Malaysian economy will understand how crucial the services sector has become as a stabiliser of growth in incomes and employment in times of low commodity and oil prices and slow private sector activities in investment and production . Thanks to tourism inflows and other foreign arrivals for education and expatriate employment in highly skilled jobs, we have built new sources of earnings called the" invisible incomes" of the country.
Tourism is now a major factor in creating the skilled and better paying jobs in hotels , entertainment industry , restraurants, holiday resorts , golf clubs . Private education is drawing in many foreign students who spend a lot on accommodation , food and entertainment, giving many small traders good business . Expatriates spend a lot on rentals and maids , putting money into the pockets of property owners.
Imagine one day , we suddenly have hudud laws. Travel agencies will caution their customers abt travelling to Malaysia. Familoes will send their children to other places for education. Foreign experts and professionals will think twice abt coming to work here. Many condos will hv empty apartments. Construction companies will lay off thousands of workers as no company will b interested to build hotels and high class condominiums . Restraunts and shopping centres will face hard times as locals dont spend as much as foreigners. Combine all the down turns , and we will see unemployment everywhere.
Thats why I keep on warning abt the risks and dangers of Islamising our laws and restricting our freedoms. The economic suffering does not make Islamisation a viable proposition for our multiracial country.

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