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Posts Tagged ‘Lim Guan Eng’

Why Anwar is right to rebuke Lim on exaggerating M’sia’s debt problem

In Malaysia on 09/07/2018 at 6:32 am

And why Tun should sit down and shut up on M’sia’s debt problems.

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Poor Najib, not believed when telling the truth

Mahathirnomics/ Luck of the devil

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Look at the charts and u can see why investors can easily be spooked especially given the run from emerging mkts due to tightening of US monetary policy, US$ strength and fear of trade wars.

(Declaration of interest: I’m a friend of someone who was one of his advisers when he was finance minister.)

 

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Either Tun or his Cina finance minister is wrong

In Malaysia on 31/05/2018 at 10:47 am

Both can’t be right about how good (“Malaysia’s economic fundamentals were still intact”) or how bad (“[need to] avoid being declared bankrupt”) a shape is the M’sian economy in.

But first

I am surprised at how fast the country’s economy changed from a supposed crisis and failure before GE14 to a stable and strong economy.

All in just over two weeks?

Ah Jib Gor over the weekend

He was responding to

Finance Minister Lim had said yesterday that Malaysia’s economic fundamentals were still intact, and that the new government would strive to make the country’s fiscal position more sustainable.

https://www.malaymail.com/s/1635311/najib-says-surprised-how-pakatan-restored-economy-in-just-over-two-weeks

Well his Malay boss (after reading Ah Jib Gor’s jibe?) said on Monday

Malaysia is scrapping the multi-billion-dollar Kuala Lumpur-Singapore High-Speed Rail project as part of drastic cuts to government spending and investment that are required for the country to “avoid being declared bankrupt”, Prime Minister Mahathir Mohamad said on Monday (May 28).

“One of the most important priorities of course is the financial situation of the country,” he told the Financial Times.

What do u think? Is Tun or Lim right? Or neither and that the truth is somewhere in between.

As it is, another DAP Cina minister sided with Tun:

Why we cancelled the [HSR] project is because of affordability,” he added. “The priority of the government is to pay our debts and the ability to repay our debts, that is our main priority, that’s why some of these projects must be shelved.

Meanwhile as foreign investors continue selling M’sian shares, M’sia Inc entities like the EPF and Tabung Haji are buying.

Related post: Poor Najib, not believed when telling the truth