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The Alternative View by M. Shanmugam - AFTER 14 months at the helm, the reality of ruling by the rule of law is haunting the Pakatan Harapan government. From ensuring political stability to unravelling contracts awarded by the previous government, it is not so simple anymore.
MALAYSIA had its moment for the history books on May 9, 2018 when we saw the unprecedented black swan event after the coalition that makes up Pakatan Harapan swept to power.
KUALA LUMPUR: The Pakatan Harapan Government, which swept into power in May last year, has fulfilled nearly a third of its economic promises but more needs to be done, the Institute for Democracy and Economic Affairs (Ideas) says.
PETALING JAYA: The audacious move by the Pakatan Harapan government to abolish the goods and services tax (GST) may not necessarily derail Malaysia from its fiscal deficit target, as feared by many economic pundits
Comment by Terence Gomez PAKATAN Harapan’s unexpected victory in Malaysia’s 14th General Elections (GE14) was one of monumental proportions as the ruling Barisan Nasional, under Umno’s control, had instituted a series of unscrupulous methods to retain power. Pakatan, led by Tun Dr Mahathir Mohamad, had achieved a colossal feat, unseating a powerful Umno that had never lost power.
Critics are entitled to find fault with Pakatan Harapan for not fulfilling its promises. However, it has been a good year for the country as a whole, with the government taking criticism in its stride and continuing to uncover scams left by the previous regime.
A month before the one-year anniversary of Pakatan Harapan’s ruling the government, Malaysia has earned the accolades of being a “boring” and under-performing stock market. The ringgit, which is the thermometer to gauge the economy, has weakened after the initial euphoria of appreciating as high as RM4 against the US dollar.
Over the past few months, the Pakatan Harapan government has been making statements to manage the expectations of the electorate ahead of Budget 2019. Many statements have been made about the financial constraints and high debt inherited from the Barisan Nasional administration, and that the rakyat must be prepared for some “painful” changes ahead, including the likelihood of new taxes.