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Malaysia’s financial standing remains robust, resilient, says Najib

KUALA LUMPUR: Rejecting allegations that the country is going bankrupt, Umno president Datuk Seri Najib Razak today assured party members that Malaysia’s financial standing remains robust and resilient as assessed by international rating agencies.

He said the rumours were baseless as the country is actively engaging in promising investments, citing recent investments made with Germany and China worth almost RM5 billion and RM144 billion, respectively.

“The opposition created the accusation to confuse the people.When there is no investment, they’ll say that we failed but when we bring in investment, they’ll say we are selling out the country.”

“According to rating agencies, Malaysia is still in category A and the term ‘bankruptcy’ is not in Malaysia’s economic dictionary,” said Najib, who is also Finance Minister, in his policy speech at the Umno general assembly at the Putra World Trade Centre today.

He added that the government had established the Urban Transformation Centre that opens daily and provides cheap medical treatments in government hospitals with an allocation of RM25 billion in next year’s budget.

“No other country or government in the world has this,” he said.-nst

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