Tun Dr Mahathir Mohamad speaks to reporters during a press conference at Al-Bukhary Foundation in Kuala Lumpur April 19, 2019. — Picture by Shafwan Zaidon
“The rating agencies say that giving RM6 billion to bail out a company is wrong and they may downgrade Malaysia, but when Malaysia owed RM1 trillion, they didn’t talk about downgrading,” he told the press here. “Well, I suppose rating agencies have their own criteria but what is a fact is that the previous government owed huge amounts of money that will cause a deficit for years and years in the budget but they retained the ratings.
When only you are saying the National debt is 1 trillion... You know the answer lah
Is ok . Ignore The Rating. We Trust Our New Government. We are Willing To Give PH More Time. Remember We Are Talking About ( 60 years Vs 12 months ) . We Support PH. 👍
The rating companies have no credibility. They rate is the kleptocracy regime higher than the current govt is height of stupidity.
chedetofficial why bail out felda & TH at 6Billion when that money can be used for other project that will benefit all rakyat. Just for the 2 agency of Malay you can spend 6B of all races rakyat's money & others don't get a thing. Back to ketuanan Melayu.
It’s normal, when those kleptocrap could not take anymore advantage on Malaysia wealth....
Because they have the GST la atokkk.. investors cares only about their ROI.. mana ada morality in making money for them.. mcm xbiasa pulak.. sudah2lah tu nak salahkan najib. gi tanya daim..
Because Malaysia suffers from critical public trust deficit. If citizens aren’t confident with the cabinet, Finance Minister and especially the AG; the nation lacks the right foundation.
IMO most ppl r blinded by the short term view, u can rebuild Rome in a day. It's not easy to.clean up the financial mess (& big time stealing) by the past regime! The crooks here r still roaming around, elsewhere they cud hv been punished alrdy!
Because they were honest and true in reporting the state of national financial and economical state. Pakatan harapan lied from day 1. When all foreign rating agencies gave you low rating, the agencies are wrong? World bank downgrade us as well, so world bank must be wrong too?
This is becos despite being very corrupted, najib was on the right track in terms of his economy policies. However your policies of picking fights with china, singapore, jews who are our key trading partners are senseless and rating agencies do not like this erratic behavior
too much u turn by the current one
Current one suck at managing economy. Is that so hard to understand?
Because rating agencies were blinded by all the off balance sheet debts and never knew extent of liability Msia had under NajibRazak. He alone single handedly causes nation's total debt to almost triple from RM300bil+ to more than RM1 trillion.
Because rating agencies are not aware of all the pillaging, deception and misreporting with those 'great healthy reports of glcs' which we now know are just pure BS! 'The engine was going under and only now, the new unsuspecting mechanics found out what was seriously wrong.'
bcoz they better managed the economy, no propa on 1 tril liability
Because Cash Is King, Mr. Prime Minister