Thursday, October 20, 2011

Ahmad Husni Hanadzlah answers WSJ

The Wall Street Journal had on October 12 produced an editorial which mocked Malaysia's Economic Transformation Program as 'failing to follow through' on promises of reforms. Calling it 'Malaysia's Old Economic Model', it also belittled the government's effort to provide more jobs for the rakyat.

I believe many have read the article, which lacked information precision. The writer just couldn't write it pretty, afraid it won't be published.

In a letter to WSJ, Second Finance Minister Ahmad Husni Hanadzlah explained how the ETP is on track to create more than 370,000 new jobs, that the government has slashed red tape so that entrepreneurs can set up a company in just one day.

Malaysia too, he said have climbed well bove the likes of South Korea and the UAE to reach 21st place in the World Economic Forum's global competitiveness index.

The letter reads:

You accuse the Malaysian government of "failing to follow through" on promises of economic reform ("Malaysia's Old Economic Model," editorial, Oct. 12). This could not be further from the truth.

Malaysia's Economic Transformation Program is on track to create more than 370,000 new jobs, we've slashed red tape so that entrepreneurs can set up a company in just one day, and we've climbed above the likes of South Korea and the UAE to reach 21st place in the World Economic Forum's global competitiveness index.

Foreign direct investment in Malaysia is up 76 per cent year-on-year, we're the home of major new facilities for BAE, Cisco and AMD, and the IMF expects our economy to grow by more than five per cent not just this year but next year as well.

All this has been achieved by "following through" on our economic promises – and don't just take our word for it. Only last month Steve Forbes said: "It's one thing to make promises and another to work to make it all a reality. The Malaysian government has so far been delivering reality."

Alongside the ground-breaking political reforms announced back in September, these economic advances are further proof that Prime Minister Najib Razak is committed to delivering genuine and lasting change for all the people of Malaysia.

Ahmad Husni Hanadzlah

Second Minister of Finance


Note: Similarly, Bloomberg's writer Chong (in my previous posting) also fails to add some logic to his story about Penang which 'booms under Lim Guan Eng.

14 comments:

hot choc said...

halooo...

its his job to defend the policy, whether it works right or the other way round.

whoever given the job, he or she will have to stand up for the govt.

unless u got people like anwar, chua jui meng and others who turn their back on the country when they are no longer in power...

i hope ahmad husni is not that type of person

Anonymous said...

what a farce!

that also he got to tell WSJ. u think the writer is stupid like him?

careless whisper said...

ceh!

the content of his letter is so simple, too brief. a form 3 economic student can easily write a better explanation.

what a minister!

he should learn how to write proper defensive letters to foreign media, not for the sake of defending the policy!

petty trader said...

that's what we call a comment taken for granted. no substance at all!

that reflects how shallow his knowledge about the ETP.

how to continue as our 2nd finance minister when his letter contains nothing!

shame on u ahmad!

rainbow said...

we cannot do anything, neither can we control the foreign media from writing bad things about us. if i were ahmad husni, i would just keep quite. there was nothing for him to explain. most important is for the govt to deliver what was promised.

lampam jawa said...

apsal pendek sangat penjelasan dia, bro? macam ala kadar atau melepaskan batuk di tangga je.

bagi la satu penjelasan yang panjang sikit, dah tentu WSJ akan siarkan dan akan menarik perhatian lebih ramai pembaca.

apa la menteri kita ni!

secawan kopi said...

jai, aku rasa kalau kau sendiri yang tulis kepada WSJ, ia akan lebih bermakna dan berinti.

apa yang menteri ni tulis cuma penafian terhadap apa yang disiarkan oleh WSJ sebelum ini.

cubalah buat yang panjang sikit, masukkan fakta dan penjelasan yang boleh diterima akal dek orang asing ni.

kalau macam ni, elok tak payah buat je surat macam tu

Anonymous said...

not a good explanation. he is a novice!

shame!

Anonymous said...

aku sokong BN.

tapi kadang2 ada menteri kabinet kita yang tak tau langsung buat surat untuk pertahan dasar negara dan belasah media asing seperti WSJ ni.

biarlah penjelasan tu bernas dan berisi, bukan ringkas dan dibuat sambil lewa je!

Anonymous said...

u call that an explanation letter?

better dont write at all!

lim the carpenter said...

WSJ is anwar's friend.

that also u dont know aaaar?

kublai khan said...

the letter came more than a week after WSJ bashed us up. why didnt he e-mail the letter on the day or a day after that?

dont tell me he got to wait that long to rebut WSJ editorial.

he should have reacted immediately, not when the issue is BASI

Anonymous said...

Kalau nak jawab benda benda macam ni patut panggil Blogger SatD@Pure Shiite je,hahaha...

-nalza@700-

Juan Hardiez said...

Come on guys. Read the article correctly. It was about the article in WSJ which lacked precise facts and numbers not about our minister's reply.

From the article, second para,"I believe many have read the article, which lacked information precision. The writer just couldn't write it pretty, afraid it won't be published".

WSJ tulis article main2, kita reply kat dia pun main2la. Ok what.