ID :
33295
Mon, 12/01/2008 - 18:05
Auther :
Shortlink :
https://oananews.org//node/33295
The shortlink copeid
GOVT PROJECTS 3.5 PER CENT GROWTH IN FOURTH QUARTER
PUTRAJAYA, Dec 1 (Bernama) -- The government has projected the economy to
grow by at least 3.5 percent in the fourth quarter which will enable the economy
to register an overall growth of 5.5 percent for the whole of this year, Prime
Minister Abdullah Ahmad Badawi said MOnday.
He said that the economy grew 4.7 per cent in the third quarter
this year.
"If we achieve a growth of 5.5 percent this year, it is very very good," he
said when addressing the monthly gathering of the Prime Minister's
Department.
Abdullah also called on public sector employees to speed up the review of
the value of contracts in view of rising prices of materials.
Delays would make it difficult for contractors who would incur losses as a
result of which the people would lose out as they would not be able to enjoy the
fruits of development promised to them.
Abdullah said there were also officers who threatened contractors who
complained about delays.
"They should know the consequences of this attitude," he said.
The prime minister said the action was not in line with the government's
wishes to improve its service to the people.
He said that although there might be just one or two officers involved, it
could tarnish the whole image of the public service.
Abdullah said there were also delays by banks to issue loans to
contractors.
"This will also make it difficult for the contractors," he said.
Abdullah said continuous improvement in the public sector had shown
results,
with improvement seen in the country's overall competitiveness and ability to
attract investors.
He said the momentum should be spurred further.
Public sector employees should also give priority to speeding up the
implementation of projects identified under the economic stimulus package for
the benefit of the people.
"We want domestic consumption to increase and the country's economic growth
to also accelerate," he said, adding that it would be difficult to achieve
success globally without first achieving success domestically.
Abdullah also took to task traders who still refused to lower the prices of
goods although the government had revise downward the fuel prices on several
occasions.
He said that although there were some reductions in prices but most of them
did not involve daily essentials.
"The government will continue to improve the situation," he said.
-- BERNAMA
grow by at least 3.5 percent in the fourth quarter which will enable the economy
to register an overall growth of 5.5 percent for the whole of this year, Prime
Minister Abdullah Ahmad Badawi said MOnday.
He said that the economy grew 4.7 per cent in the third quarter
this year.
"If we achieve a growth of 5.5 percent this year, it is very very good," he
said when addressing the monthly gathering of the Prime Minister's
Department.
Abdullah also called on public sector employees to speed up the review of
the value of contracts in view of rising prices of materials.
Delays would make it difficult for contractors who would incur losses as a
result of which the people would lose out as they would not be able to enjoy the
fruits of development promised to them.
Abdullah said there were also officers who threatened contractors who
complained about delays.
"They should know the consequences of this attitude," he said.
The prime minister said the action was not in line with the government's
wishes to improve its service to the people.
He said that although there might be just one or two officers involved, it
could tarnish the whole image of the public service.
Abdullah said there were also delays by banks to issue loans to
contractors.
"This will also make it difficult for the contractors," he said.
Abdullah said continuous improvement in the public sector had shown
results,
with improvement seen in the country's overall competitiveness and ability to
attract investors.
He said the momentum should be spurred further.
Public sector employees should also give priority to speeding up the
implementation of projects identified under the economic stimulus package for
the benefit of the people.
"We want domestic consumption to increase and the country's economic growth
to also accelerate," he said, adding that it would be difficult to achieve
success globally without first achieving success domestically.
Abdullah also took to task traders who still refused to lower the prices of
goods although the government had revise downward the fuel prices on several
occasions.
He said that although there were some reductions in prices but most of them
did not involve daily essentials.
"The government will continue to improve the situation," he said.
-- BERNAMA
