Saturday, March 23, 2013

GE13 Showdown: What is impact of GE13 on the economy?

Barisan Nasional has the edge among the business community although Pakatan Rakyat is seen as pro-market too.
Asian Strategy and Leadership Institute (Asli) chief executive officer Tan Sri Michael Yeoh noted that both sides are committed to economic growth and competitiveness.
“The difference is in the level of experience and track record, so in this respect, Barisan has the edge because it has been in office for a long time,” he said, adding the business community is more familiar with Barisan and feel it is able to implement policies quicker.
“But in broad policies, both are pro-growth, pro-competition and market-oriented,” Yeoh said in an interview with's GE13: The Showdown programme hosted by Anne Edwards.
Yeoh added that some of the suggestions in its recently-released manifesto may be too costly.
“For example, its plan to abolish toll on roads needs to be substituted with higher income for the country. Where would the additional income come from?”

Yeoh added that whatever perceived negative impact on the economy should there be a change in government is mainly due to the business community adopting a wait-and-see attitude.
“A new government will take time to settle in and there will be some uncertainties in the market because investors want to see what sort of policies will shape up.”
Yeoh also said that if there was a change in government, movement in the leadership of government-linked companies was expected.
“The new leaders will review the business policies implemented.
“There may also be a transition period for the business community to get used to the leadership and policy changes.”
For more of the interview, log on to Star Online's web TV at is featuring a series of interviews with politicians and prominent figures as a run-up to the general election.

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