Malaysia will never go bankrupt due to our ‘A’ rating given by international financial bench markers said Umno President Najib Razak during his policy speech today morning.
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.
Najib also said Malaysia’s bankrupt term will never exist in its economic dictionary, reported Bernama.
“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.
He said 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 €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.
“However, a handful of people did not like whatever we have done.
“When there is no investment, they say we have failed. But when we bring in investment, they say we have sold the country,” added Najib.