Malaysian econ­omy still strong

The Sun (Malaysia) - - NEWS WITHOUT BORDERS -

THE al­le­ga­tion that Malaysia will go bank­rupt is un­rea­son­able, said sev­eral Umno supreme coun­cil and vet­eran mem­bers.

Cit­ing the ex­pla­na­tion given by Prime Min­is­ter Datuk Seri Na­jib Ab­dul Razak, who said the Group A eco­nomic rat­ing ac­corded to the coun­try was proof that the Malaysian econ­omy was strong, they said it proved that the al­le­ga­tion by the Op­po­si­tion was not true.

“Malaysia has debts, but what is im­por­tant is that we can re­pay our debts.

“In fact, for coun­tries such as the United States and Ja­pan, their per capita debts are much big­ger,” said In­ter­na­tional Trade and In­dus­try Min­is­ter Datuk Seri Mustapa Mo­hamed.

In his speech at theUmno gen­eral as­sem­bly yes­ter­day, Na­jib stressed that there is no such term as “bank­rupt” in the Malaysian eco­nomic dic­tionary.

Mustapa said like other na­tions, Malaysia also faced eco­nomic chal­lenges but was ca­pa­ble of han­dling them.

“The duty of the gov­ern­ment is to man­age the chal­lenges. But when there is a prob­lem, it does not mean we will go bank­rupt. We have been able to man­age the econ­omy well, the growth is good, un­em­ploy­ment is low, and many in­vest­ments flow into our coun­try,” he said.

Umno supreme coun­cil mem­ber Datuk Jo­hari Ab­dul Ghani, who is also Se­cond Fi­nance min­is­ter, said from the eco­nomic as­pect, the Barisan Na­sional gov­ern­ment headed by Umno had de­vel­oped the na­tion into achiev­ing RM1.2 tril­lion in gross do­mes­tic prod­uct.

He said the pro­lific eco­nomic growth could only be achieved with the ex­is­tence of po­lit­i­cal sta­bil­ity.

“What­ever dif­fer­ences in opin­ion there may be, en­sure that they do not re­sult in po­lit­i­cal in­sta­bil­ity be­cause if there is no sta­bil­ity, it is quite dif­fi­cult to de­velop the na­tional econ­omy,” he said.

Mean­while, Gua Mu­sang Mem­ber of Par­lia­ment Tengku Raza­leigh Hamzah said the Malaysian econ­omy was still good com­pared to many other na­tions.

“In the cur­rent eco­nomic cli­mate, we are fac­ing prob­lems, and as such, the mi­cro eco­nomic growth is not too good. But our econ­omy is good com­pared to other na­tions,” he said. – Ber­nama

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