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BN semakin diktator

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Kerajaan Barisan Nasional (BN) di bawah pimpinan Najib Razak kini semakin diktator. Kenapa ianya semakin diktator? Kerana ketakutan kerajaan BN di dalam menghadapi masalah mereka sendiri. Masalah BN yang paling serius adalah rasuah, penyelewengan dan penyalahgunaan kuasa di dalam kerajaan yang dilihat semakin tidak dapat dikawal lagi. Berbilion-bilion ringgit hilang dengan begitu sahaja pada setiap tahun akibat daripada nafsu buas ramai pemimpin BN dan para pegawai kerajaan yang menyalahgunakan kedudukan dan kuasa mereka. Oleh kerana BN tidak dapat menangani gejala tersebut, kritikan daripada umum terhadap kerajaan BN semakin lantang, Pembongkaran demi pembongkaran jelas memperlihatkan kelemahan BN di dalam mentadbir negara ini. Matawang negara juga kian lemah, inflasi juga turut naik, pendapatan rakyat jelata menjadi semakin kecil akibat daripada krisis matawang ringgit dan inflasi yang jelas telah meningkatkan kos sara hidup setiap rakyat. Demi menutup segala kelemahan dan...

PM Najib Razak named Asia Pacific's worst finance minister

Malaysian Prime Minister Najib Razak is under pressure again after Switzerland authorities revealed that US$4 billion (S$5.69 billion) may have been misappropriated from state fund 1Malaysia Development Berhad (1MDB). But today, he got yet another unwanted accolade when he was named as the worst finance minister in the Asia Pacific region by business publication FinanceAsia. The Hong Kong-based magazine said that 2015 had been a challenging year for the Malaysian economy, with a "double whammy" of the 1MDB scandal and the collapse in oil prices . 1MDB first attracted attention when it emerged that the fund was struggling to finance its debts . Then in July, the Wall Street Journal revealed that nearly US$700 million from the fund had been transferred into Mr Najib's personal bank accounts. Malaysia's Attorney-General later revealed that the money was not from 1MDB, but a gift from Saudi Arabia's royal family . "The long-running political crisis has taken...

Global manufacturing continues to fall

By Nick Beams The deepening recessionary trends in the global economy, which saw stock markets have one of their worst openings for a new year last month, have continued into February. A series of data issued yesterday pointed to lower growth in China, Europe and the United States. The Chinese statistics bureau reported that the official manufacturing purchasing managers index (PMI) fell to 49.4 in January, compared to 49.7 for December. This was the sixth consecutive month the index has been below 50, which is the border between contraction and expansion. An economist with Chinaā€™s National Bureau of Statistics, Zhao Qinghe, said the result was due to weaker global demand and moves by companies to reduce excess capacity. Production at larger factories was still continuing to expand, although at a slow rate, while output from small ones was contracting, he said. The clearest expression of the Chinese slowdown is in the steel industry. More than half the major steel producers reported l...