Sunday, July 12, 2009

Five KPIs for the PM

1. Fix the GLCs, Malaysian engine of economic growth esp. MAS, an employer of 20 000 people.
2. Improve the quality of education since education institutional outputs determine the production input.
3. Implement IPCMC and Ombudsman Office to eradicate leakages and minimize wastages.
4. Identify 10 vital issues to fix the trivial many.
5. Set SMART target for the above 4 indicators.

The 100 Days Myth.

“Roosevelt's legendary "First 100 Days" concentrated on the first part of his strategy: immediate relief. In 3 months March to June 1933, FDR sent Congress a record number of bills, all of which passed easily. …..”
“What we have heard after these 100 days, are the announcements made by PM Najib. None of these were sent to Parliament to be debated.”

The 100 days is one of the most nefarious myths culled from American politics. Coincidentally, Tengku Razaleigh Hamzah in a speech at a private function mentioned the term, a New Deal. The American president most associated with the term new deal was FDR.
In one sense, PM Najib is making a series of deals with the rakyat. He has offered them a slew of changes with the aim of saving UMNO and the country. We have a possible analogy between our PM Najib and FDR.
Franklin D. Roosevelt took office at a time of national emergency when the instruments of government under Herbert Hoover and his laissez-faire Republican predecessors were wholly inadequate to the challenge. FDR went into action with a slew of reforms and invented new institutions to save the American economy.
PM Najib came into power after a brokered transition which allowed PM Najib to move into office and Pak Lah to ride into the sunset a happy and prosperous man. He (Pak Lah) was able to say patronisingly- the man I chose has done well. History will judge this to be a misstatement. The UMNO warlords, scared out of their wits, chose Najib over Pak Lah. What Pak Lah is saying so that he won't miss out on the euphoria- indeed Najib is a better PM than he can ever be.

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Friday, July 3, 2009

Somebody has just awoken!

Dr Mahathir wants to know what the government did with the Petronas money.
KUALA LUMPUR, July 3 — Petronas adviser Tun Dr Mahathir Mohamad today asked what did the government spend with the RM253.6 billion payment from the national oil company over the past six years when his successor Tun Abdullah Ahmad Badawi was prime minister.
The former prime minister, a trenchant critic of Abdullah, wrote in his weblog that Petronas has been paying dividends, taxes, royalty and export duties to the government since 1976, after it was set up as the national custodian for fossil fuels.
"Where has the money gone to?" Dr Mahathir asked.
He said Petronas began by paying RM300 million in 1976, rising to RM2 billion in 1981, when he assumed office. The total from 1981 to 2003 was RM168.8 billion for the 22 years that marked Dr Mahathir's tenure as the country's fourth prime minister.
"From then onwards it increased from RM19 billion in 2004 to RM67.8 billion in 2009. The total for six years is RM253.6 billion," he said. It is not known if the figures were adjusted for foreign exchange fluctuations as oil is usually quoted in US dollars.
"I am sure the government had spent the money wisely. It would be interesting to know what the RM253.6 billion was spent on," said Dr Mahathir, who retired as prime minister in favour of Abdullah, who stepped down in early April.
His remarks today came after a June 25 announcement by Petronas that it had paid RM30 billion in dividends to the federal government for the financial year ended March 31, 2009.
The amount was despite a 14 per cent decline in net profit to RM52.5 billion due to lower crude oil prices and higher operating costs and included a special dividend of RM6 billion which was declared in the last calendar year. Petronas paid out RM24 billion in the previous financial year.
Apart from the dividends, Petronas — the country's only Fortune 500 company — also paid RM29.4 billion taxes, RM6.2 billion royalties and RM2.2 billion export duties for the last financial year, totalling RM67.8 billion to the federal government against RM56.8 billion in the previous year.