For years, there's been talk of creating a new free trade deal that would span countries bordering the Asia-Pacific, including the US, Canada, New Zealand, as well as several countries in Latin America and Asia. The deal is called the Trans-Pacific Partnership Agreement – or "TPP" for short.
The TPP agenda is being driven by big business, big pharmaceuticals and big tobacco – but the impacts will affect all Australians.
Watch the video below to find out why the TPP is terrifying the Australian public. It also shows why Malaysians should be asking our Malaysian Government to halt the TPP negotiations.
It is a given that the gap between the haves and have-nots in Malaysia is widening. The recent study by the Khazanah Research Institute, the United Nations Human Development (UNHD) Report 2013 and a recent book by Dr. Muhammed Abdul Khalid, all gives the latest evidences pointing to this maldevelopment.
According to the UNHD Report, the total wealth of the richest 40 Malaysians is equivalent to 22% of the country’s GDP, an increase from 15.7% in 2006. In relative terms, Malaysia’s 40 richest individuals are in fact much wealthier than the top 40 richest individuals from the United State, Singapore or Thailand. At the households’ level, the top 20% of Malaysia’s population hold more than 51% of the country’s wealth with the top 10% owning more than 35%. Meanwhile, the bottom 20% has less than 5% of the country’s wealth.
The general consensus is that the issue needs to be urgently addressed for reasons of social equity, social stability and economic growth.
The government’s plans to address this issue, however, have one very glaring omission and that is it does not involve the use of taxation.
The Consumers’ Association of Penang (CAP) remains seriously concerned that Malaysia continues to negotiate the Trans-Pacific Partnership Agreement (TPPA) with 11 other countries including the United States. Hence CAP has sent a letter to the Prime Minister of Malaysia and submitted copies to all Ministers urging the Government to withdraw from the whole negotiation and not sign the TPPA. Below is our letter to Y.A.B. Dato' Sri Mohd. Najib Bin Tun Haji Abdul Razak and Cabinet Ministers.
The inescapable fact is that fuel subsidy will eventually have to be scrapped as it is economically untenable in the long run. The question is when? Our answer is now is the right time as crude oil price is tumbling.
Recently, the Consumers Association of Penang (CAP) was in a Meeting with Indah Water Consortium (IWK) and the National Water Service Commission (SPAN), where IWK announced its plans to change the current tariff system from the standard monthly rate to a system based on water consumption instead, which will incidentally increase the IWK bills for many consumers. They plan to implement this change sometime in January 2015.