Commit internationl standard & translate good economic picture into good domestic trade, 28.3.2007.

During the debate on the motion on Royal Address, DAP National Deputy Chairman and MP for Kepong spoke on the commitment on international standard and the translation of good economic data into domestic trade.

On 23 March, 2007, the Prime Minister Datuk Seri Abdullah Ahmad Badawi told the Invest Malaysia Conference 2007 that the recent introduction of control over short-selling and security loans showed our commitment to ensure international standard in the quality of the stock market.

We always have to show this type of commitment in all fields, including politics, economy, education, culture, tourism and building industry. Thus, the people within and outside this country will have more confidence. Just imagine the picture in which the 1.2 million civil servants exhibit international standard and the police, who are paid better, show their effectiveness in ensuring security.

Yang di-Pertuan Agong reiterates that the total trade in this country is over RM1 trillion, export growing at 10.3%, trade surplus RM109 billion and international reserves AS$87.3 billion as well as budget deficit being reduced from 5.8% GNP in 2003 to 3.5% GNP in 2007. However, we appeal to the Government to translate these sound statistics into a good domestic trade.

Despite the impressive economic statistics, local business people such as petty traders feel that business is bad. The Government has the resources to study the actual business situation and the factors affecting it. We hope it will be able to translate the good economic data into favourable conditions for business.

Dr Tan Seng Giaw ''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''