The price we pay to axe East Coast Rail Link (ECRL)

https://youtu.be/GMsutBaUjwA

KUALA LUMPUR: Loss of jobs, harm to diplomatic ties with China, damage to the economy plus a RM20bil compensation are awaiting Malaysia if the East Coast Rail Link (ECRL) project is cancelled.

The billion ringgit 688km long track linking Selangor, Pahang, Trengganu and Kelantan is already 20% completed, says MCA president Datuk Seri Dr Wee Ka Siong on the trail of potential damage if the project set for completion in 2024 is axed now.

The Ayer Hitam Member of Parliament who issued an open letter to Prime Minister Tun Dr Mahathir Mohamad and Cabinet Ministers on the matter, said he earnestly hoped the Cabinet can explore the effects of axing the project.

The ECRL project whose construction contract was awarded to China Communications, Construction Co Ltd (CCCC) and financed by China is a hot topic in the past few days, and its fate is expected to be made known officia­lly this week.

Yesterday, Dr Mahathir said Malaysia will be “impoverished” if the government proceeds with the ECRL project.

While not confirming that the project has been scrapped, Dr Mahathir said paying compensation is cheaper than bearing the cost of the project.

Below is Dr Wee’s letter in full:

An open letter to YAB Prime Minister and Cabinet Ministers

The cancellation of the ECRL project and the bickering between two Cabinet ministers over the issue has become the talk of the town. I foresee this issue to be a hot topic in the Cabinet meeting this Wednesday (Jan 30).

Whether the cancellation of ECRL was discussed in previous Cabinet meetings or not, I earnestly hope the Cabinet can explore the effects of axing this project.

Take a moment to consider factors such as the friendship between the people of both countries, jobs and economy, diplomatic ties and the reputation of Malaysia.

On the bilateral relations between Malaysia and China, I can safely say that putting a stop to the ECRL project will harm the diplomatic ties between Malaysia and China.

If we put ourselves in China’s shoes, we will surely respond negatively as well if our overseas investment is treated as such.

A nightmare looms should China take any retaliatory action, such as reduce or even halt the import of commodities (palm oil in particular) from us.

If that happens, Felda, Sime Darby and other big corporations will be the first to feel the heat.

The livelihood of some 650,000 smallholders and their families will be directly affected.

From the economic perspective, the ECRL project is likely to boost the GDP growth of three east coast states by 1.5%.

It will also spur the development of the east coast, enhance connectivity between the east and west coast, and close the economic divide between the two coasts.

Through bridging the rural-urban divide, the overall development of Malaysia will be more balanced and comprehensive.

The rail link is 20% completed, with several tens of billions paid to the contractor.

On top of that, Malaysia will be penalised for cancelling the RM30bil loan from the EXIM Bank of China.

We will have to repay the loan and compensation within a short period of time.

From my experience in administering engineering projects, any breach of contract will result in a hefty penalty. The compensation for cancelling ECRL could reach RM20bil.

Financial losses aside, scrapping the ECRL will also bring a negative impact to Malaysia’s reputation in the international arena and erode Malaysia’s trustworthiness.

Judging from my past experience dealing with China and its officials, as well as the friendly gestures displayed by China so far, I can conclude that China is willing to achieve a win-win solution instead of situation where both sides lose out.

The Malaysian government can consider restructuring the project timeline or reducing the project scale, which are alternatives that work in Malaysia’s favour while maintaining the amicable ties between Malaysia and China.

The government should also keep the small and medium enterprises in mind.

Business owners in 150 related industries, including tens of thousands of contractors who have taken a loan to purchase equipment, will suffer greatly should ECRL be cancelled.

China is Malaysia’s largest trading partner since 2009, with bilateral trade figures reaching US$100bil. Business linkages and people-to-people exchanges have also flourished over the years.

Products such as palm oil, bird’s nest, Musang King, white coffee, etc, are exported to China, while people from both countries visit each other for vacations and academic exchanges, benefitting Malaysians of all races.

All these have contributed to the income of various communities and brought in foreign exchange earnings for the country.

It takes years to build a bilateral relationship, and only seconds to destroy it.

The Malaysian government should appreciate our friendship with China and try its best to achieve mutual benefits and common prosperity with China.

Prioritise the economy and the livelihood of the people, and put an end to the political game to discredit your opponents.

For the sake of the people in the east coast as well as the whole of Malaysia, the government should not cancel the ECRL project.- The Star

Related posts:

Rail link a huge economic boost, big news for small towns in Malaysia

The rail economics of East Coast Rail Link (ECRL)

ECRL and pipeline projects cancelled !

 

Malaysia scraps MRT3 project, reviews HSR, ECRL mega projects to reduce borrowings

Don’t brush aside the goodwill, Mahathir !

 

The world’s oldest PM, Dr. Mahathir must now walk the talk

 

Rocky times ahead for China FDI in Malaysia

 

Keep China's faith in us; Relationship with China is crucial, says expert

Penang Lang: Feeling increasingly displaced in Penang, sad the demise of colourful language

槟城人（Penang Lang) - Home | Facebook

Feeling increasingly displaced in Penang, too

DATUK Seri Wong Chun Wai’s article expressed my sentiments exactly (“Feeling lost in Penang”, On The Beat, Focus, Sunday Star, Jan 27; online at bit.ly/star_hokkien /A banana's feeling lost in Penang, fearing will be illiterate in future).

I attended primary and secondary school at Convent Green Lane, and later went on to do my Sixth Form at St Xavier’s. Needless to say, I do not speak any Mandarin either. I, too, feel increasingly displaced in Penang, and am so sad to see Hokkien perceptibly fading away.

In preparing for my sociolinguistics class with undergraduates, I came across an interesting website by the Persatuan Bahasa Hokkien Pulau Pinang, speakhokkien.org. Others are concerned too.

(By the way, my class was studying concepts of language loss and language death, and I picked Penang Hokkien as a case to highlight the issue. In my demo, I spoke some and we all had a great big laugh – my personality inexplicably transforms when I speak Hokkien!)

One of the last bastions of Penang Hokkien could possibly be the Sg Ara market. During a visit sometime last year, I could still hear quite a bit of this beautiful dialect being spoken, to my great delight.

Thank you for highlighting the issue from a heartfelt personal perspective. I will include it in the reading list to help my students understand that language loss is not some abstract theoretical construct but is real and happening in our own backyard in Penang.

(By the way, wah ah boey khi bank gia ang pow long. Wah boh eng! Ah bo wah khi pasak bey kah ho :-)) (I haven’t gone to the bank to get ang pow packets. I am not free! Maybe it’s better that I go buy them in the market.)

JOY QUAH Kuala Lumpur The Star


Sad to see the demise of a colourful language

FIRSTLY, I must say I thoroughly enjoyed Datuk Seri Wong Chun Wai’s article, “Feeling lost in Penang /A banana's feeling lost in Penang, fearing will be illiterate in future ”.

I was sent a link to the article by an old Auckland University friend who now lives in Singapore.

I’m a “banana” still living in Auckland after 40 years. And like Wong, I get pretty lost in Penang whenever I return.

Being ex-Penang Free School, I never learnt Mandarin. I worked in Shanghai for a year-and-a-half and my colleagues there used to tease me, “You can’t read Mandarin? You can’t write Mandarin? You can’t speak Mandarin? You must be illiterate!”

Penang is now starting to feel like China.

I find it’s more common nowfor Chinese youngsters to converse in Mandarin than in Hokkien. I speak Hokkien to the hawkers and get told that I must be from overseas! The Penang sing-song Hokkien will soon disappear. It’s a shame.

Like Wong, I too avoid Penang during Chinese New Year – it’s just too hectic. My wife and I visit mid-year when there are no events, celebrations or festivals. This year, it’s May/June. Wonder if there’s durian around then!

Have a Happy New Year, Keong Hee Huat Chai!

MICHAEL ONG Auckland, New Zealand The Star

Related:

Eight is (just about) enough - On The Beat

Related post:

   

A banana's feeling lost in Penang, fearing will be illiterate in future

Children admiring a Hokkien glove puppet theatre performing 'Journey to the West' on a portable wooden stage at the Little Pe

.

Trending in News

 

Former Jakarta governor Basuki attacked on social media for plan to marry Muslim woman

 

Better value for money, mandarin oranges cheaper

A banana's feeling lost in Penang, fearing will be illiterate in future

Children admiring a Hokkien glove puppet theatre performing 'Journey to the West' on a portable wooden stage at the Little Penang Street Market.

Its decline has been progressive, but Penang’s Hokkien heritage is at its closest to death’s door as 2019 takes off. 

LAST week, I returned to my hometown, Penang, to celebrate Chinese New Year. The family reunion meal with my father (who turns 94 this year) and (87-year-old) mother is an annual event I always look forward to.

It’s not possible to have my brothers (now in their mid-60s to 70 years old), their wives, children and grandchildren with us at the family event every time, but we get as many of them as we can. I have made it a point to host these pre-CNY meals because for the last few years, I have avoided being in Penang during the first two days of the actual celebrations.

That’s when Penang island’s roads get choked up and traffic comes to a complete standstill, the city desperately dealing with the homecoming of Penangites and tourists, especially during the second day of CNY.

The temperature on the island during the CNY season always seems to spike and at times, the scorching heat is almost unbearable. And that’s another reason why I withdraw from the otherwise lovely island during this festive period. As much as I yearn for my Penang hawker fare, I don’t want to jostle for a plate of char koay teow with tourists. But on this recent trip home, it hit me that I have become a stranger in my proud Hokkien-speaking island. The loss of the distinct northern-accented Hokkien has been apparent in the last few years but now it looks like its death may come sooner than feared.

It’s worse for a “banana” like me – a term to denote a person of Chinese origin who can’t speak or write Chinese, and instead, identifies more with Western culture. The term is derived from the fruit, which is “yellow on the outside, white on the inside”.

Those like me are regarded a disgrace to the Chinese-speaking community because I can’t read or write Chinese or speak Mandarin.

Their horror turns to disgust when I confess that I can’t even write my name in Chinese.

My decade of education was at St Xavier’s Institution, a Catholic establishment, and despite the religious background of the premier school, it had a liberal and open- minded culture that moulded most of its students, and this, us former students are enormously grateful for and proud of.

The multi-ethnic mix of the school’s population also means we had real friends from all races, developed and tested over a decade. So we always felt sorry for those who studied in Chinese, Tamil or Islamic-based schools then, because we felt their set up was mono-ethnic. And no matter how much the products of these schools claim they had friends from other races, we know they didn’t have the deep ties or bonds that those of us in English-medium schools developed.

Fast forward to 2019! Just like The Last Of The Mohicans – the James Fenimore Cooper historical novel realised in the 1992 movie about the last members of the dying Native American tribe, the Mohicans – it dawned on me last week that I could well be among the Last Of The Bananas in Malaysia.

At the Air Itam wet market, I asked for the price of the thee kuih, or kuih bakul, in Hokkein and the stall keeper, in turn, replied: “Oh, nee yau (you want) nian gao.”

A few steps away, another trader was loudly hawking ang pow packets, which, in previous times, would be referred to as “ang pow long” (red packets), but this time, I was hearing “hong bao feng”.

By the time I sat down at a coffee shop, the waiter was already taking down my order, again, in Mandarin, and quoting prices in that language, too. It was no longer “kopi” but “ka fei” now.

If there’s one clear feature that separates Penangites from the rest of the ethnic Chinese in Malaysia, it has always been the melodious Hokkien, with its rich sprinkling of Malay words that reveals its nonya-baba linguistic roots.

Penangites – at least from the older generation – are fiercely proud of their Hokkien, as it completely differs from the one spoken in Singapore, Taiwan or Xiamen in China, and even that in Melaka or Johor. Call us smug, snooty or parochial but we sometimes dismiss the Hokkien spoken elsewhere as somewhat crass and unrefined.

Only the Hokkien spoken by the Chinese in Medan closely mirrors Penang Hokkien, presumably because of the proximity between the island and the Indonesian city.

Whether rightly or wrongly, or plainly out of ignorance, Penangites feel the sing-song delivery is easier on the ears.

Words such as balai (police station), balu (just now), bangku (stool), batu (stone), cilaka/celaka (damn it), campur (to mix), jamban (toilet), gatai/gatal (itchy) gili/geli (creepy), sabun (soap) and kesian (pity), are an integral part of the Penang Hokkien dialect.

If the person is not from Penang, then he or she is likely from Kedah, Perlis or Taiping in Perak, to be able to converse in the northern-accented Hokkien. Which brings me to my point: As the daily use of the dialect is rapidly being replaced by Mandarin, I am feeling the impact the most. It is worse for the “bananas” who are feeling lost and out of place – in their home town.

It doesn’t help that many of the present Penang state and federal leaders aren’t from Penang, having been born and raised in either Melaka, Johor or Selangor.

The Penang Monthly bulletin, in its May 2017 issue, dramatically headlined the situation: “Penang Hokkien on life support”.

In an interview with the publication, Penang Hokkien Language Association secretary Ooi Kee How lamented that “our creativity, our cultural identity, will decline. A lot of innovations will disappear, because different languages shape the way we think differently.”

But the wide use of Mandarin and the decline of the dialects is not just endemic to Penang. Cantonese is spoken less in the Klang Valley, too, and is suffering the same sad fate as northern Hokkien. The random stranger who calls up, irritatingly “inviting” us to take up a loan having been “specially selected”, speaks to me in Mandarin because it’s assumed I can speak the language since I have a Chinese name. Likewise, the sales staff who stops us at the shopping mall also speaks to me in Mandarin, likely led by the same deduction.

So, as a “banana” who thinks and dreams in English, I am starting to suffer from anxiety. I am embarrassed by my inability to communicate in an important language – with huge economic value – and worse, the national language of my ancestral country.

At the rate, the Chinese language is being used, even by non-Chinese, I fear that I will be regarded illiterate in future. “Bananas” in the past ridiculed and mocked the Chinese-educated for not being able to speak English sufficiently, or roll their tongues well enough to produce the “r” sound, but now, it looks like the tables have turned on the “bananas”, instead.

A whole generation of Malaysian Chinese has been educated in Chinese schools, at least at primary level. It has been widely reported, from various surveys, that up to 90% of Chinese parents send their children to Chinese primary schools, and the balance to national medium schools.

As I have written here before, this is unlike the experience of the older generation of Penangites like me, now in their 50s, who attended schools using English as a medium of instruction. In the absence of Mandarin, we spoke mainly Hokkien and English, but people in their 30s and 40s are more comfortable conversing in Mandarin, and certainly not English.

Then there is the huge impact of Chinese TV shows, especially on Astro. They are entirely in Mandarin – with shows from mainland China and Taiwan – and Hokkien, which is spoken in a manner closer to that used in Melaka, Johor and Singapore.

It’s no surprise that the sales staff at malls also expect the Chinese community to speak Mandarin, and understandably, they will begin the conversation in Mandarin – because you are expected to know the language.

There is also the impact of China as the new economic powerhouse of Asia, if not the world. Mandarin has become the dominant language with economic value, and certainly prestige. That’s how it is now, but this may well come at the expense of a rich heritage.

The harsh reality is that the unique “sing-song” style of Penang Hokkien might no longer be heard decades from now if this frightening trend continues. Even worse, what’s certain is that the “bananas” will be history very soon.

Well, what can I say, except to wish you “xin nian kwai le” (happy new year) and “gong xi fa cai” (may you attain greater wealth) this festive season!

by Wong Chun Wai On The Beat

Wong Chun Wai began his career as a journalist in Penang, and has served The Star for over 27 years in various capacities and roles. He is now the group's managing director/chief executive officer and formerly the group chief editor.

On The Beat made its debut on Feb 23 1997 and Chun Wai has penned the column weekly without a break, except for the occasional press holiday when the paper was not published. In May 2011, a compilation of selected articles of On The Beat was published as a book and launched in conjunction with his 50th birthday. Chun Wai also comments on current issues in The Star.


Related post:

Penang Lang: Feeling increasingly displaced in Penang, sad the demise of colourful language

槟城人（Penang Lang) - Home | Facebook Feeling increasingly displaced in Penang, too DATUK Seri Wong Chun Wai’s article expressed my sen...

Related:

Eight is (just about) enough - On The Beat

I am a pig, so what?

Recession? No, not this year 2019

Causes of Boom and Bust Cycles | Eco

https://youtu.be/PUB3pFA_RBA

THE influential International Monetary Fund (IMF) has predicted slower global growth this year on the back of financial volatility and the trade war between the United States and China.

Turkey and Argentina are expected to experience deep recessions this year before recovering next year.

China, apart from fighting the trade war, is also experiencing its slowest quarterly growth since the 1990s, sending ripples across Asia. In the last quarter of 2018, China recorded an economic growth of 6.4%, which is the third consecutive quarter of slowing growth.

This has led to fears of China’s economy going into a hard landing and it possibly being the catalyst to spark global economic turmoil.

After all, it has been more than 10 years since the world witnessed the last recession in 2008 that was caused by a financial crisis in the US. If we are to believe the 10 to 12-year economic turmoil cycle, the next downturn is already due.

However, the economic data so far does not seem to suggest that the world will go into a recession or tailspin this year.

The bigger worry is what would happen next year.

The narrowing spread between the two-year and 10-year US Treasury papers would lead to banks being more selective in their lending. It is already happening in the US.

The impact is likely to be profound next year. When banks are more selective in lending, eventually the economy will grind to a halt.

But that is the likely scenario next year, assuming there is no fresh impetus to spur global growth.

At the moment, there is a significant amount of asset price depression due to slowing demand. The reason is generally because of the slower growth in China and the trade war.

China has fuelled demand for almost everything in the last few years. Companies and individuals from China drove up the prices of everything – from property and valuations of companies to commodities.

China itself is experiencing a slowing economy and the government has restricted the outflow of funds. Its overall debt is estimated at 300% of gross domestic product and banks are reluctant to lend to private companies for fear of defaults.

China’s manufacturing sector has slowed down because of the trade war. Companies are not prepared to expand because they fear the tariffs imposed by the US.

Nevertheless, the world’s second-largest economy is still growing, albeit at a slower pace. A growth rate of 6.4% per quarter is still commendable, although it is far from the 12% quarterly economic growth it recorded in 2011-2012.

The US, which is the world’s largest economy, is also facing slower growth this year. The Federal Reserve has predicted a slower economic growth of 2.3% in 2019 compared to the 3.1% the country recorded last year.

The ongoing US government shutdown is not going to make things easy.

As for Europe, the European Central Bank (ECB) has warned of a slowdown this year. The warning came just six weeks after the ECB eased off on its bond-buying programme that was designed to reflate the economy.

Business sentiments on Germany, which is a barometer of what happens to the rest of Europe, is at the lowest.

As for Malaysia, the country is going through an economic transition of sorts following the change in government. Government spending has traditionally been the driver of the domestic economy when global growth slows.

The new government has cut back on spending, which is a necessary evil, considering that many of the projects awarded previously were inflated. Generally, the cost of most projects is to be shaved by at least 10% – and some by up to 50%.

However, the projects with revised costs have not got off the ground yet and contractors have not been paid their dues. For instance, contractors in the LRT 3 project had complained of not getting payments for work done a year ago.

Fortunately, a new contract for the LRT 3 has been signed. Hopefully, the contractors will be paid their dues speedily and work recommences on the ground fast.

The volatile oil prices are not helping improve revenue for the government.

Domestic demand is still growing, although people complain of their income levels not growing. This is because companies as a whole are also not doing as well as in previous years.

Nevertheless, even the most pessimistic of economist is looking at Malaysia chalking up a growth rate of more than 4.5% this year, which is respectable. The official forecast is 4.9%.

One of the reasons for the optimism is that they feel government revenue is expected to be much higher than expected, giving it the flexibility to push spending if the global economic scenario takes a turn for the worse.

According to the Treasury report for 2019, federal government revenue is to come in at about RM261bil, which is 10.7% higher than in 2018.

The amount is likely to be much higher, allowing the government the option to put more money in the hands of the people. It also allows the government to reduce corporate taxes, a move that would draw in investments.

Malaysia has a new government in place. What investors are looking for are signs of where all the extra revenue earned will go. They are also looking for the next growth catalyst.

The trade war and financial volatility is causing structural shifts in the global economy. It is impacting China, the US and Europe.

Eventually, the global crunch will come, but it is not likely to happen this year.

By m. shanmugam

Related News

---

Corporate News01 Dec 2018

Journey begins for Khazanah 3.0

Business News01 Dec 2018

How low should GLC executives be paid?

Corporate News15 Dec 2018

How Tabung Haji became an unregulated ‘bank’

 

Related posts:

Global Reset 2016~2017

Coming recession in 2020? Possibly earlier

 

Global economic order under threat

What can we learn from WEF 2019 世界经济论坛2019年会闭幕式

https://youtu.be/9lJUrzHq8SA

Davos Special: The Belt and Road Initiative 

The Belt and Road Initiative has been generating a lot of excitement at Davos. It will direct investment in infrastructure across Asia over the coming decade, but the ambitious project faces challenges in tackling debt, supporting sustainable development and uniting a fractured international community. How can the government and private sectors harness the risks to guarantee the 1.5-trillion-U.S.-dollar investment will succeed in kick-starting development and growth? Our diverse panel reflects the global outlook of the project. We have Xu Niansha, chairman of the China Poly Group; Heng Swee Keat, Singapore's minister of finance; Ilham Aliyev, president of Azerbaijan, and Wang Yongqing, vice chairman of the All-China Federation of Industry and Commerce. #Davos2019 #BeltandRoad

Chinese VP calls for structural reform to address global imbalances

Chinese Vice President Wang Qishan on Wednesday called for further development as a solution to addressing imbalances in the process of economic globalization. Subscribe to us on YouTube: https://goo.gl/lP12gA

https://youtu.be/dxRSw4E2094

  Exclusive with China's top SOE watchdog, executives at WEF 2019

 -- World Insight with Tian Wei talks to the Chairman of State-owned Assets Supervision and Administration Commission of China on the sidelines of the Davos forum. He shared his thoughts on the speed and depth of reforming China's state-owned enterprises. -- Tian Wei also put her finger on the pulse of reforms inside China's top state-owned enterprises in exclusive interviews with the top executives of China's Poly Group and China Energy. #WEF

  https://youtu.be/3RA9XweW70E