Input for DPM Najib
Since the finance minister and deputy prime minister Najib is asking for more feedback, I would like to urge him to consider giving direct stimulus to the people. Let them decide their own consumption pattern.
Already, governments in Australia, Taiwan and Singapore are doing the same. Give cash coupons to the people to enhance domestic demand. If the government is serious in promoting buy Malaysian products, these cash coupons could help to raise domestic demand. Different people have different consumption needs. Hence, the direct stimulus will help to cushion against a sudden drop in consumption after the Chinese New Year period.
I have spoken to several senior executives in Penang and they informed me there is still job but mainly from last year's order book. They have not received any solid order yet this year. Hence, many of these manufacturers are likely to close down once the order backlog is cleared.
