BN2008 News

Prime Minister Badawi Warns Malaysian Voters Not To Put The Economy At Risk

    Kuala Lumpur, Malaysia (ots/PRNewswire) -

    - Campaign remarks come on heels of 7.3 percent GDP growth for Malaysia

    Malaysia's Prime Minister Abdullah Badawi, campaigning in the northern state of Kedah today, warned voters not to put at risk their country's sound economy in the 8 March election.

    Prime Minister Badawi was speaking after Malaysia's Central Bank announced that economic growth for the fourth quarter of 2007 was up 7.3 percent, the highest GDP growth quarter since the second quarter of 2004.

    For all of 2007, growth in Malaysia was 6.3 percent, against 5.9 percent growth in 2006.

    Prime Minister Badawi said, "Our strong growth reflects people's confidence in our economy. We want to continue to be a government that is pro-business and we will continue to enhance the efficiency of public services to reduce the cost of doing business. Malaysians work hard to make our economy grow stronger, bigger and better. And their government is working hard alongside them to deliver greater prosperity for all."

    "Malaysia's hard working families are seeing the benefits for themselves of our economic strength and progress with more than a million new jobs and rising household incomes. Malaysia's trade with other countries is up by 26%. There are new incentives for investors to bring new jobs and prosperity to our country and a positive environment for all to do business," he said.

    "That's why with Malaysia's economy strong, now is not the time to put our economic strength at risk by unaffordable election handouts, unrealistic election promises and undeliverable election pledges. That is the fastest route to economic ruin. Malaysia's families really shouldn't risk it."

    "As the world's economy enters challenging times, proven leadership on the economy couldn't be more important for the future of Malaysia. There is still a lot that we want to do for the people and with their continued support, we can overcome any hurdles before us," said Prime Minister Badawi.

    Using today's campaigning stops to highlight his government's economic record since 2004, Mr. Badawi reminded supporters that:

@@start.t1@@      -- Malaysia's national wealth is up, with GDP growing by 18% since 2004
      -- International trade is up, with growth of 26%
      -- Household incomes are up, by 11%;
      -- The number of jobs in the economy is up, by over a million;
      -- The budget deficit is down, from 5% of GDP in 2003 to 3.2% in 2007.@@end@@

    Mr. Badawi is keen to show that his proven leadership and experience on the economy means with a renewed mandate his government can deliver even greater economic progress in the future. New pledges on the economy, made by Mr. Badawi's governing coalition, include commitments to:

@@start.t2@@      -- Raise Malaysia's productivity, income and competitiveness;
      -- Ensure quality living standards for the Malaysian people;
      -- Strengthen the private sector's role as the main driver of economic
      -- Support 1 million enterprises and entrepreneurs over 5 years;
      -- Generate at least 2 million quality job opportunities over 5 years;
      -- Further reduce the budget deficit without increasing taxes.
      -- Eradicate already low poverty levels in rural areas@@end@@

    Prime Minister Badawi will be spending Thursday in his home state of Penang before leaving for the north eastern state of Kelantan, which is currently governed by the Islamist party PAS.

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ots Originaltext: BN2008 News
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Chong Sin Woon of BN2008, +6019-382-8461,

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