Those who paint a bad pic­ture of the coun­try’s econ­omy must stop, says PM

New Straits Times - - News -


PRIME Min­is­ter Datuk Seri Na­jib Razak has called for “cer­tain quar­ters” to stop re­sort­ing to eco­nomic sab­o­tage of the coun­try.

“There are those who use inac­cu­rate and base­less facts to paint a bad pic­ture of the coun­try’s eco­nomic sit­u­a­tion. This can­not go on. Al­though there are dif­fer­ences in opin­ion, na­tional in­ter­est must over­ride ev­ery­thing else. Eco­nomic sab­o­tage must be stopped,” he said dur­ing a ques­tion-and-an­swer ses­sion at the De­wan Rakyat here yes­ter­day.

Na­jib was re­ply­ing to a sup­ple­men­tary ques­tion by Datuk Ir­mo­hizam Ibrahim (BN-Kuala Se­lan­gor), who wanted to know what mea­sures had been taken to stop the eco­nomic sab­o­tage.

Na­jib said be­cause of such el­e­ments, the coun­try al­most lost RM31 bil­lion in Saudi Aramco in­vest­ments.

“Thank­fully, we man­aged to con­vince them (Saudi Aramco) that the coun­try’s eco­nomic sit­u­a­tion is be­ing ad­dressed ac­cord­ingly.”

Ear­lier, to Dr Tan Seng Giaw’s (DAP-Ke­pong) ques­tion on mea­sures taken to tackle the ring­git’s de­pre­ci­a­tion, Na­jib, who is also the fi­nance min­is­ter, said Bank Ne­gara’s re­serve of US$95 bil­lion (RM421 bil­lion) would serve as a buf­fer to ex­ces­sive fluc­tu­a­tion in the fi­nan­cial mar­ket.

“At the end of last year, Bank Ne­gara had tight­ened reg­u­la­tions to pre­vent the in­volve­ment of li­censed fi­nan­cial in­sti­tu­tions in non-de­liv­er­able for­ward (NDF) ac­tiv­i­ties.

“This move was meant to curb spec­u­la­tive ac­tiv­i­ties on the NDF

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