Word ‘bankrupt’ doesn’t exist in national economic dictionary

THE word ‘bankrupt’ does not exist in the Malaysian economic dictionary and this is further strengthened by the group A rating given to the country by international agencies, Prime Minister Datuk Seri Najib Tun Razak said yesterday.

The allegation that Malaysia would go bankrupt was baseless and purely untrue because the country had succeeded in wooing foreign investors following the initiatives of the government led by Umno. A handful of opposition members had deliberately pretended to not understand the position of the nation which was not considered to be bankrupt whereas the rating was given by credible agencies and not by the Pakatan Harapan Presidential Council or the DAP, or PKR, or Mat Sabu.

“But the rating on the country’s record of achievement had been certified by international agencies whose credibility had been recognised worldwide,” he pointed out.

Najib, who is also the Finance Minister, said this in the Presidential Policy Speech in conjunction with the Umno General Assembly at the Putra World Trade Centre, here yesterday.

He said the Umno and Barisan Nasional leadership which had brought about economic progress as a result of the two recent visits including to Germany recently, where an investment worth US$1 billion ( RM5 billion) had been signed through the company, Osram.

In addition, the visit to China had created history when an investment agreement worth almost RM144 billion was signed which would bring about substantial benefits to the country, he said. — Bernama