If the federal and state governments were
genuinely concerned about the young Sabahans and Sarawakians, they will
liberalise and break-up the monopolistics GLCs.
Urging the government to “liberalise” the markets, newly minted Likas assemblyman Junz Wong said the authorities must “break-up the monopolistics GLCs”.
“Only way for youths to get out of the rat-race and earn higher
income is to abolish cabotage policy and break up monopolistic
government-linked corporations (GLCs).“Allow normal people to take part in business economy buildings. Let “perfect competition” play its role, let “demand & supply” determine a fair price,” he said adding that this would in turn open up more opportunities for younger entrepreneurs.
Wong, who is also Sabah state DAP assistant secretary, was responding to a shocking disclosure by real estate consultants CH Williams & Talhar that 50% of employees in KK earned less than RM2,000 a month and are not able to buy the much touted government affordable houses at RM250,000.
According to the firm’s managing director Chong Choon Kim, these young people could only afford houses worth RM150,000 with a pay-back period of 30 years.
Picking up from Chong’s observation, Wong said the Musa Aman-led administration must restrategize its economic priorities.