7 Billion Spending

Kuala Lumpur, A total of RM7bil will be spent by the Government in its stimulus package to boost the country’s economy to face the economy crysis.
Finance Minister Datuk Seri Najib Tun Razak, in announcing the package which he termed as a policy response to the crisis, said the Government was adopting an expansionary policy.
The money is to be spent on a wide range of projects, from the LRT to repairing of houses belonging to the poor.
Among the major announcements in Najib’s winding-up reply in Parliament yesterday were:

Gross Domestic Product (GDP) this year expected to be at least 5% while the GDP for next year is estimated to be 3.5%.

The inflation rate expected to drop next year to between 3% and 4%, provided crude oil prices continued to fall.

Contributors allowed to reduce their EPF contribution by three percentage points to 8%, so that they will have more money to spend.

Civil servant car loans increased by RM10,000.

Religious, missionary, Chinese and Tamil schools to get RM200mil as aid.

Open tender system will be practised in the sale of government land and in government procurement.

"The Star"

A good start by our Government

Malaysian lawyer gunned down

Lawyer Kasim Cha Tong (pic), who gained fame during the 1980s as an anti-piracy enforcer, was gunned down by two assassins at his home in the Thai border town of Sungai Golok.
In the midnight incident yesterday, two assassins whose nationalities are unknown went up to his house in the town centre and knocked on the door.
When Kasim, 57, opened the door, one of the assassins opened fire. Kasim, shot in the chest, died on the spot.
The two assassins fled the scene before neighbours who heard the gunshot could react.
Sungai Golok police chief Lt Phamong Sall confirmed the incident and said 10 pellets penetrated Kasim’s body.
Although seemingly the work of a hitman, Lt Phamong said, the Thai police could not say so for certain until a full investigation was carried out.
Under Thai police procedure, it would take two to three days to prepare an interim investigative report, he added.
Kasim’s body has been taken to the Sungai Golok district hospital for a post-mortem.
Lt Phamong said it was unlikely that the murder was related to the ongoing unrest in southern Thai where three bombings occurred within minutes of each other yesterday, resulting in 62 Thai nationals injured.
Thai anti-government militants would usually either shoot a target from afar or behead a person, seldom resorting to killing someone at close range, he said in an interview.
Sungai Golok, in Narathiwat province, is the second busiest township on the Malaysia-Thai border after Haadyai, which is located in Songkhla province.
Kasim spearheaded efforts to tackle music piracy in the 1980s in the Klang Valley where commercial music was then replicated in cassettes.
He also worked extensively with the Anti-Corruption Agency in preserving the musical copyrights of foreign artistes, his work gaining the recognition of the American Music Copyrights Holders Asso- ciation.
He subsequently read Law in Britain, and on his return several years later decided to reside in Sungai Golok where, it is learnt, his family has business interests.
Kasim is originally from Kelantan, but Malaysian police intelligence operatives also believe he had acquired permanent residence status in Thailand for business reasons.

"The Star"