KUALA LUMPUR, May 26 — Datuk Seri Najib Razak took a jibe at the Pakatan Harapan government today, zooming in on Finance Minister Lim Guan Eng’s comments on Malaysia’s strong economic fundamentals.
“I am surprised at how fast the country’s economy changed from a supposed crisis and failure before GE14 to a stable and strong economy.
“All in just over two weeks?” the former prime minister said in a tweet.
Finance Minister Lim had said yesterday that Malaysia’s economic fundamentals were still intact, and that the new government would strive to make the country’s fiscal position more sustainable.
“In the finance sector, for example, it is still strong and banks are stable because of (having) high capitalisation and with low non-performing loans...and liquidity in the funds or capital market are high,” he said.
Saya hairan betapa cepatnya ekonomi negara bertukar dari kononnya dalam keadaan krisis dan gagal sebelum PRU14 kepada keadaan ekonomi yang kuat dan kukuh.— Mohd Najib Tun Razak (@NajibRazak) May 26, 2018
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Lim also commented on the stock market’s shock reaction to the government’s transparency on the state’s financial position, saying that the revelation might or might not be the cause of the losses on Bursa Malaysia.
“Whether this is the cause, it is up to market to determine, but it is not only in Malaysia that the stock market has fallen. You look at Thailand, United States and other countries, there are other stock markets that have fallen. There are other international factors.
“Let the stockbrokers or analysts see whether this is only in Malaysia or it is regionally or globally. But of course we will keep an open mind and take all views and accept this criticism,” he said.