Article: NIMP 2030
MMJ 2023MMdd
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RM95 bn in total investments required to implement NIMP 2030
Assalam. A pretty impressive array of up-to-date targets. Meanwhile of the RM95 bn in total investments required to implement NIMP 2030, 10% will come from the govt ie RM9.5 bn. Balance of RM85.5 bn to come from private equity, Capital markets and Financial markets. Private equity will unfortunately mean the rich will get richer.
Capital markets will probably mean more Sukuk- hopefully most will be raised locally protecting ourselves from exposure to foreign debts. Financial markets means banks' syndications. This is the challenge. With BNM mollycuddling Banks' selfishness to focus only on personal sector ignoring the real economy sector, how much will grudgingly come from the banks?!
Why BNM supports banks preference for personal loans and personal sector instead of focussing on real economy industries? These are questions we must ask BNM. To whom is their loyalty? To the murky group behind Bank of International Settlements, Basel , or to the Nation?! Pity the policy makers in the country cannot see that the entire RM95 bn can be funded totally by the State. The price of blind loyalty to BNM's commands. The last bastion of the Western Master Sahibs in independent Malaysia. Perhaps we should not just quote ayatul Quran but begin to implement them.
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Dikemaskini [Updated]: Sam Ahmad 202308930