the rainbow

Friday, March 25, 2011

A new 100-storey tower in Malaysia a boon or a bane?

Assalamualaikum and Hello to my lovely readers...

Hi..Did you know?

Malaysia's landmark Petronas Twin Towers, center top and other buildings stand in Kuala Lumpur, Malaysia.

In The Star, 20 October 2010 it stated Prime Minister Najib Razak plans to bring back some of the attraction  by building a completely new 100-story skyscraper – the Warisan Merdeka tower. The question though is: Does Malaysia need it? 

My personal view is that the tower would generate the economy especially around the area and it's a good way to gain higher return on's not just about being well known...If you use the money to help people or prevent poverty, you would only 'return' the tax to people...since we are on a very high deficit, building the tower is kinda helpful, don't you think...and returning the tax back to people would only cause the opposite...

It's better if we look at long term effect rather than short term.. the economic development due to the tower might help us get out of the middle income trap.. 

And, mentality and attitude are very much related to development of a country...

Note: deficit is good but if it's too much, we wont be able to sustain in the future :)

Have a great weekend! Goodbye

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