What we stand for

G25 is committed to pursue a just, democratic, peaceful, tolerant, harmonious, moderate and progressive multi-racial, multi cultural, multi religious Malaysia through Islamic principles of Wassatiyah (moderation) and Maqasid Syariah (well-being of the people) that affirms justice, compassion, mercy, equity.

Malaysia is to be led by rule of law, good governance, respect for human rights and upholding the institution of the country.

We aim to ensure, raise awareness, promote that Syariah laws and civil laws should work in harmony and that the Syariah laws are used within its legal jurisdiction and limits as provided for by the federal and state division of powers.

There should be rational dialogues to inform people on how Islam is used for public law and policy that effects the multi ethnic and multi religious Malaysia and within the confines of the Federal Constitution, the supreme law of the nation.

We work in a consultative committee of experts to advise the government and facilitate amendments to the state Syariah laws, to align to the Federal Constitution and the spirit of Rukun Negara.

It is imperative to achieve a politically stable, economically progressive Malaysia and to be able to enjoy the harmony, tolerance, understanding and cooperation in this multi diverse country.

Constitutional democracy vital to economic growth

Wednesday, December 24, 2014

ECONOMY

 

I AM not overly worried about the prospects for our economy next year. Despite the fall in oil prices and the continuing geopolitical risks that might scuttle the strong economic recovery of the United States, Malaysia can still make it, next year.

 

In fact, I agree with the prime minister, and, as stated in the World Bank report, our strong economic fundamentals, strong banking system and the tough measures being taken to deal with the governments financial position, Malaysia has enough headroom to move ahead with respectable growth rates in gross domestic product, employment and higher standards of living for the people.

 

For many companies, the fall in oil prices is a boon to their fortunes. Scientex, a company which I am chairman of, announced recently that lower oil prices would make its petrochemical-based raw material purchases cheaper, while the weaker ringgit would make its export manufacturing more competitive in the world market.

 

Some sectors, like the oil and gas industry will, of course, experience a set back.

 

The low oil prices and the fall in the ringgit are no small matter for the country. But the silver lining is that these downturns may be short-term rather than a long-term. So, there is no reason to be pessimistic about our economic prospects.

 

The government will achieve considerable savings from the abolition of the oil subsidy, and earn more revenue from the Goods and Services Tax, enabling it to strengthen the economy and create growth.

 

Malaysia is still attractive to investors. The World Bank believes foreign direct investment into Malaysia will remain strong.

 

With less to pay for fuel and energy, and with lower inflation, consumers will have more money in their pockets. Consumer spending is an important component of GDP, and its resilience is another positive factor for our economy, which is now more consumer and service driven, a sign of its growing maturity.

 

We should be more worried about structural issues affecting the long-term competitiveness of the country.

 

Education, the brain drain, integrity in the government, public security, meritocracy, religious extremism and racism — these are the more difficult issues that the government cannot tackle without the broad support of people of all races in the country.

 

Any wrong move, like the introduction of hudud, will trigger questions from investors and business leaders about the likelihood of Malaysia becoming another failed state, like the conflict-stricken countries in South Asia and the Middle East.

 

Malaysia, which is highly dependent on trade and foreign investment, must uphold the sanctity of the legal and justice system under the Federal Constitution.

 

The supremacy of the Constitution is fundamental towards providing the confidence to the world that we are a stable country with democratic rights that meet the needs of our multiracial and multi-religious population.

 

The level of confidence that Malaysia will stay a constitutional, secular democracy is what will make or break this country, not the oil price.

 

NST 

 

 

 

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