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Government debt soars – and that excludes contingent liabilities

Anil Netto
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Update: So with this in mind, the Malaysian government wants to send a second ankasawan on a junket to space (which would cost hundreds of millions of ringgit) – if funds permit. Well, do you think the state of our funds will ‘permit’ this?

Malaysian government debt has been steadily rising in recent years and is expected to touch RM502bn this year or 53.7 percent of GDP on the back of a rapid rise in issues of quasi-government bonds and securities. (The legal threshhold is 55 percent.) But this does not include sizeable contingent liabilities or off-balance sheet items.

Click to enlarge the following general government gross debt data from the International Monetary Fund:

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‘Tens of thousands’ brave rain as Negri Sembilan awakens

Anil Netto
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Thousands braved the rain today in Seremban Jaya in a show of support for political change in the country.

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MPSP responds to Penang Forum 5 participants’ queries

Anil Netto
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The MPSP has responded to questions raised by participants at Penang Forum 5.

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Penang Structure Plan being reviewed; what about Local Plan?

Anil Netto
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The Penang government has begun a review of the Penang Structure Plan 2020 five years after it was gazetted in 2007. But what is happening to the draft Local Plan?

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Penang Botanic Garden: The other lily pond

Anil Netto
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This is the other lily pond at the Penang Botanic Garden and it shows what the Garden could be like if it is designed properly.

Click on photo to enlarge

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Frankenstorm Sandy: A climate change wake-up call

Anil Netto
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Superstorm Sandy that is slamming the United States is a warning about the perils of climate change. It is time to wake up and think more seriously about how our unsustainable economic model is worsening climate change and leading to rising sea levels.

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Penan blockade highlights rich-poor gap

Anil Netto
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By now you may be aware of the peaceful blockade by the Penans along the road to the Murum Dam site in Sarawak – despite a virtual blackout in the mainstream media.

The Penan blockade – Photograph: Scane
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‘Setbacks’ for new high-rise buildings in Penang slashed (updated)

Anil Netto
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Update: A journalist informs me that the setbacks for a few established housing areas (kawasan perumahan tetap sedia ada) and areas with 87 units/acre will have their setbacks increased to 20 metres (66 feet). This may cover only a small number of projects and have the effect of limiting high-density projects in exclusive areas like Jesselton. But what about other places and other high density projects (say 30-87 units/acre)? I do hope the State Planning Committee will clarify.

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Fed up with public transport in Malaysia?

Anil Netto
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If you are reluctant to give up driving because of the poor public transport in the country, then you might be interested to know that a Working Group on Public Transportation in Malaysia has been formed.

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87 units/acre density: Penang Forum responds

Anil Netto
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The Penang Forum Steering Committee has responded to the issue of high density development i.e. the tripling of density permitted from 30 acres to 87 units/acre.

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