should focus on incentives, grants and loans for increased productivity that will create skilled and high paying jobs. For example, the Employment Incentive of RM250 a month per worker will encourage employers to reduce their salaries as government subsidies mean that employees will still make the same as before.
• It does not address the issue of the huge influx of foreign workers into Malaysia. Going forward, foreign workers should only be allowed to take up 3D jobs. 6. One of the reasons for the failure of the Bumiputera Economic Agenda is that no agency or ministry that is a centre for strategic coordination. We hope that Teraju will be given this role in"Malaysia Baru". However, in our view, the role of Teraju has been reduced to an entrepreneur development agency similar to existing entrepreneur development agencies such as SME Corp and Tekun.
• Real estate developers in Malaysia will be pleased as they no longer have to rely on Malaysians who are often unable to obtain a home loan approval due to their low income.The government should allow the market to punish those who built housing that most people cannot afford. At this point, the prices of all homes are decreasing but this will ensure that house prices remain high and will eventually rise.
If the bulk of the budget goes for expenses and we've been in deficit mode for such a long time, I don't think 10 years is goin to be enough, heck at this rate we could be bankrupt by 2030
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